Economy Watch

Made in Canada
Canadian export growth is slated to rise to 4.7 percent this year and 7.7 percent in 2015, as global and particularly U.S. demand builds, non-energy shipments rise, and the Canadian dollar weakens, according to the Royal Bank of Canada.

Nine straight weeks of steady declines in pricing of low-sulfur bunker fuel have brought the price per metric ton down to the lowest levels in more than three years.

Worker assembling electronics component in China
China’s factory output and total new orders in July rose to their highest levels since March last year, improving the operating conditions of mainland manufacturers and supporting carrier predictions of third quarter container volume increases in the seasonal build up to Christmas.

Myanmar pharmaceuticals, shutterstock photo
Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.

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.