The National Retail Federation anticipates that the Trump administration will seek action on three legislative priorities — tax reform, regulatory reform and Affordable Care Act repeal — very early next year. NRF’s agenda for 2017 and beyond is driven by retailers’ input, and many 2016 issues — swipe fees, online sales tax, trade, tax reform, […]
The American Truck Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index spiked 8.2% in November, recovering from a slight 0.3% dip in the month before. The Truck Tonnage Index equaled 142.4, up from 131.6 in October and only slightly down from the all-time high reading of 144 from February of this year.
For this week, total U.S. weekly rail traffic was 538,932 carloads and intermodal units, down 1.1 percent compared with the same week last year. Total carloads for the week ending December 10 were 259,058 carloads, down 4.3 percent compared with the same week in 2015, while U.S. weekly intermodal volume was 279,874 containers and trailers, […]
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The shipping industry faces the threat of paying a levy to the European Union on its greenhouse gas emissions as lawmakers from the bloc grow increasingly impatient with the slow progress being made by the global effort to tackle the issue. The industry, which accounts for around 90 percent of goods transported globally, has rejected […]
Oil extended a gain in New York as an industry report was said to show U.S. crude stockpiles fell last week. February-delivery futures rose 30 cents after the American Petroleum Institute said late Tuesday that nationwide crude inventories sank 4.15 million barrels last week, according to a person familiar with the data.
The holiday shopping season is often a peak for retailers’ sales. But the flipside to that boom is it leads to peak returns season – costing retailers billions to handle unwanted, used or damaged goods each year.
Cyber Monday set a new record for online sales, racking up $3.45 billion, according to Adobe Digital Insights. The National Retail Federation said more people shopped online throughout Black Friday weekend than in physical stores. But there are some stores bucking the trend. Take TJ Maxx and Marshalls, owned by parent company TJX Cos. Inc. […]
“One Belt, One Road,” China’s $3 trillion infrastructure-building campaign, could be a windfall for some Western companies and investors. One Belt, One Road represents China’s biggest overseas spending effort ever, a project that, adjusted for inflation, is at least 12 times the size of the Marshall Plan, the history-changing U.S. program that helped rebuild Western […]
Meat and potatoes are providing more demand and raising prices for the US spot truckload market, as load activity remains unusually high for mid-December, nearly double year-ago levels, according to DAT Solutions. E-commerce freight is the extra helping of gravy, the load-board operator said, since more shipments are being moved closer to the holidays. (This […]
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