The dollar index rose to a new 14-year high on Tuesday after data showed U.S. manufacturing activity grew more than expected in November. The dollar index, which tracks the greenback against six major world currencies, rose to 103.820, its highest level since December 2002 after construction spending rose to its highest level in 10-1/2 years […]
U.S. construction spending rose more than expected in November, reaching its highest level in 10-1/2 years, which could provide a lift to fourth-quarter economic growth. The Commerce Department said on Tuesday that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006. It was boosted by gains in both private and […]
If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel. At its most broadly defined, housing can be counted on to compose 15% of GDP. It hasn’t done that much heavy lifting lately, however. That’s because in the wake of the […]
China’s economic growth could slow to 6.5 percent this year from about 6.7 percent in 2016, a government-run think tank said on Tuesday, while suggesting a one-off devaluation could help stabilize the yuan currency.
With 2016 now in the past, food and beverage manufacturers can look to the challenges and opportunities that the new year brings. Considering impending legislation, FSMA rule rollouts and a new presidential administration all coming in 2017, the entire food and beverage supply chain could see major changes to their products and operations.
When news hit last month that Albertsons Cos. is in advanced talks to acquire Price Chopper for approximately $1 billion — which would cement its status as the No. 2 grocer behind Kroger Co. — it wasn’t much of a surprise to anyone following the grocery industry.
While the federal government’s electronic logging device mandate is likely shielded from interference from President-elect Donald Trump, Republican control in Washington gives the industry hope for a loosened and more accountable regulatory environment, industry groups said in recent weeks.
If 2016’s wild, throw-predictions-out-the-window runaway freight train of a Presidential election taught us anything, it’s that nothing is ever a given.
Uneven truck tonnage patterns continued in 2016, according to data issued this week by the American Trucking Associations (ATA). Seasonally-adjusted (SA) for-hire truck tonnage in November at 142.4 (2000=100) was up 8.2 percent compared to October, following a 0.3 percent October dip from September.
Elaine Chao is no new face to Washington circles and has a track record of rolling back regulation and a pro-business reputation. Her pro-business approach could be a big win for motor carriers that have faced a laundry list of regulations that although aimed at increasing driver safety, threaten to tighten capacity and increase shipping […]
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