U.S. business logistics costs remained at 8.5 percent of GDP for the second consecutive year in 2012, according to the Council of Supply Chain Management’s annual State of Logistics Report.
US Economy News
News & Analysis
18 Jun 2013
U.S. diesel prices fell for a fourth straight week in the week ending June 17, pushing prices to their lowest since July 30 of last year, according to the U.S. Energy Information Administration. Despite the overall decline, U.S. regions experienced mixed shifts in price changes.
17 Jun 2013
The U.S. Industrial Production Index remained mostly unchanged in May 2013, edging up only 0.04 percent, according to the latest retail report from the Board of Governors of the Federal Reserve System.
17 Jun 2013
Inflation-adjusted gross domestic product increased at a 2.4 percent annual rate in the first quarter of 2013, while manufacturing output rose at a “much faster” 5.0 percent annual rate, according to the quarterly Manufacturers Alliance for Productivity and Innovation U.S. Industrial Outlook.
17 Jun 2013
The European Union and the U.S. officially launched far-reaching negotiations on a trans-Atlantic free trade and investment agreement today that could boost their combined economies by as much as $280 billion a year.
17 Jun 2013
U.S. containerized exports could exceed imports during certain months as soon as 2016 and on an annual basis by 2020, Walter Kemmsies, chief economist at Moffatt & Nichol, told the annual meeting of the Agriculture Transportation Coalition.
14 Jun 2013
U.S. retail and food service sales edged up 0.6 percent in May 2013 to $421 billion, according to the latest seasonally adjusted retail report from the Census Bureau. This accelerated from a 0.1 percent increase in April and extended growth to a second month. The retail sales-to-inventory ratio, also seasonally adjusted, hit its highest level since July 2009 in April.
13 Jun 2013
More small businesses are exporting today than three years ago, according to a 2013 Small Business Exporting Survey by the National Small Business Association and its international trade arm, the Small Business Exporters Association.
11 Jun 2013
Following the Canadian government’s disapproval of the U.S. Department of Agriculture’s Mandatory Country of Origin Labeling program and subsequent release of a list of products for possible retaliatory tariffs, the National Cattlemen’s Beef Association has slammed the labeling requirement.
11 Jun 2013
U.S. diesel prices fell for a third straight week, edging down 0.5 percent in the week ending June 10, according to the U.S. Energy Information Administration. Rates dipped in all U.S. regions week-to-week.
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Jun 5, 2013 2:00PM EDT
Commentary
Rising From the Ashes