Economy Watch

The price of low-sulfur fuel per metric ton in Rotterdam, the Netherlands, a global indicator of bunker prices, has dropped $46.21 in six weeks.
Spot prices for low-sulfur bunker fuel sank for the sixth straight week last week, a total drop of just over 7 percent.

India’s merchandise exports rose for the third straight month in June on a year-over-year basis, expanding 10.22 percent to $26.48 billion...

A stronger U.S. industrial economy and surging imports are helping trucking companies hire more workers, despite continued reports of a driver shortage.

Translucent varieties of DuPont’s Corian® solid surface material.
The top 10 companies among JOC’s Top 100 exporters were responsible for exporting 1,454,700 TEUs in 2013.

Stacks of money
A West Coast port strike by the International Longshore and Warehouse Union would have a multibillion-dollar impact on a still-shaky U.S. economy, according to a study commissioned by retailers and manufacturers.

LTL shipment at warehouse
Freight is flowing more quickly through LTL terminals nationwide — a sign, carriers hope, of a steadier economic recovery.

Port in Thailand
Thailand, Vietnam, Indonesia and India are poised to kick their export growth into higher gear over the next five years.

Shanghai port
Asia’s export growth will bounce off the lows of 2012-13 and still be the envy of the world over the next five years.

U.S. shippers haven’t been this optimistic about volume growth in the coming 12 months since The Hurt Locker won the Academy Award for Best Picture and an Icelandic volcano disrupted flights to and from Europe.

National Industrial Transportation League President and CEO Bruce Carlton
For the first time since the 2008-09 Great Recession, shippers have a “small smile on their faces” when it comes to the economy, National Industrial Transportation League President and CEO Bruce Carlton said. Their increasing optimism in the economy, however, doesn’t quell their concerns over a myriad of other issues, from tightening capacity to infrastructure investment. Carlton recently spoke with JOC senior editors William B. Cassidy and Mark Szakonyi about the expectations NITL members have for the coming months.