Imports surged at the nation’s ports in January, buoyed by a post-election swell in consumer confidence, retailer restocking after the holidays and a strong dollar that made imported goods cheaper. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
While United States-bound retail container volumes trended down in December, the over all outlook for 2017 volumes appears to be solid, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
President Donald Trump told executives at major retail chains that he would swiftly submit a tax overhaul plan to stimulate the economy. Trump called rewriting the tax code “one of the best opportunities to really impact our economy,” during a White House breakfast Wednesday morning with chief executives of companies including Target Corp., J.C. Penney […]
Warren Buffett believes in America’s future but seems more doubtful about that of Walmart and other traditional retailers. The billionaire’s Berkshire Hathaway sold off about $900 million worth of Wal-Mart Stores stock in the last quarter, or about 90% of what he had left after years of paring his investment in the discount retailer.
“Reciprocity” has become the new buzzword in the U.S. business community in China, with some industry leaders saying they would welcome a tougher approach from the Trump administration in opening up the markets of the world’s second-largest economy.
Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the U.S. economy meets the central bank’s outlook of gradually rising inflation and tightening labor markets.
The two largest US intermodal marketing companies are promising to increase domestic intermodal rates this year – after their volumes rebounded in the fourth quarter, they gained a larger share of 53-foot container moves, and a pricing index ticked up. (This article requires registration at the Journal of Commerce. To access, please click on the […]
Those looking for signs of rising US freight demand should look to the truckload spot market. As the first quarter enters its second month, “the volume of freight is significantly higher in the spot marketplace, year-over-year,” said DAT Solutions. (This article requires registration at the Journal of Commerce. To access, please click on the above […]
The amount of for-hire freight moved across multiple transportation modes increased 1% in December from the month before, marking the third consecutive monthly gain, according to the Transportation Department.
Based on the latest analysis by business information provider IHS Markit, new registrations of Class 8 commercial vehicles in the U.S. declined 19.7 percent through November 2016 . The decline among Class 8 vehicles contributed significantly to an overall drop of 3.5 percent for the full commercial vehicle market, despite all other GVW categories achieving […]
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