The global economy is the single biggest factor in driving international trade. More than at any time in history, the U.S. economic outlook and growth is linked directly to China’s economic performance and, especially in the current environment, the economy in Europe. Among the key economic indicators critical in determining the course of international trade are retail sales, housing reports, employment reports, consumer sentiment and manufacturing.
News & Analysis
With global economies on the mend, stock markets roiled with volatility and consumer confidence struggling to improve, ocean shipping volumes have been relatively flat. In such an environment, carriers’ classic methods of raising prices through new services or product features are probably unavailable.