US Economy News

Commentary

President Obama is right to recognize the need for new trade promotion authority and other resources to promote more exports. But he and Congress should not overlook some simple steps that would also help to remove obstacles that currently keep America’s Foreign-Trade Zones — a shining exception to the sluggishness of the overall export economy — from doing even better.

News & Analysis

14 Apr 2014
TUCSON, Ariz. — Booming U.S. oil and natural gas production is “one of the most underappreciated megatrends,” a senior equity research analyst told the Transportation Intermediaries Association conference here.
U.S. containerized exports through February 2014. Source: PIERS, the Data Division of JOC Group Inc.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
02 Apr 2014
FTR Associates’ Trucking Conditions Index for February, published in the April issue of Trucking Update, fell to a reading of 7.54, down slightly from the previous month...
21 Mar 2014
Actual reported instances of cargo theft declined from 2011 through 2013, but “cyber” cargo crime based on company identity theft and Internet fraud is on the rise, CargoNet’s Keith Lewis warns.
U.S. containerized exports through January 2014. Source: PIERS, the Data Division of JOC Group Inc.
17 Mar 2014
U.S. containerized exports slipped 1.2 percent year-over-year in January to 958,708 TEUs...
U.S. containerized imports through February 2014. Source: PIERS
13 Mar 2014
U.S. containerized import volume fell 7.2 percent year-over-year in February 2014, according to advance figures from PIERS, the data division of JOC Group Inc.
Shoes
12 Mar 2014
Rising labor costs and a shortage of workers in coastal China are two of the most serious problems footwear producers in that country face...
26 Feb 2014
President Obama will ask Congress to pass a $302 billion, four-year transportation bill this year during a stop in St. Paul, Minn., backed in part by potential savings from an overhaul of the U.S. tax code.
20 Feb 2014
The DAT national average dry van spot market rate stayed at its $1.97 per mile high last week, as more severe winter storms snarled supply chains from the Gulf Coast to the Northeast and inland.
18 Feb 2014
Cross-border trade among the U.S., Mexico and Canada is increasing, but President Obama is likely to hear complaints about U.S. trade barriers when he meets his Mexican and Canadian counterparts Feb. 19.