Economy Watch

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

Stacks of money
26 Jun 2014
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
24 Jun 2014
Freight is flowing more quickly through LTL terminals nationwide — a sign, carriers hope, of a steadier economic recovery.
Port in Thailand
10 Jun 2014
Thailand, Vietnam, Indonesia and India are poised to kick their export growth into higher gear over the next five years.
Shanghai port
06 Jun 2014
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.
20 May 2014
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
19 May 2014
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.
18 May 2014
The Japanese economy posted strong growth in the first quarter of this year as consumer spending, a key driver of expansion, surged ahead of the sales tax hike on April 1, according to a preliminary report released by the Cabinet Office last week.
07 May 2014
With a cautious eye on the West Coast longshore contract negotiations that will begin on May 12, U.S. retailers expect containerized imports in May to increase 3.5 percent over May 2013, with year-over-year growth tapering through September.
Dr. David Deng
29 Apr 2014
Dr. David Deng, China Merchants Holdings Intl. deputy general manager, on the challenge that carrier alliances bring to terminal operators and CMHI's recent projects supporting developing economies in new regions.
24 Apr 2014
Thousands of workers at a Samsung factory near Shanghai demand compensation after learning the factory will relocate to Vietnam.
Flag of Ukraine
21 Apr 2014
While agribusiness investments are a thriving sector for multinational expansion, Ukraine’s more mature sectors — energy, mining and metallurgy — remain highly inefficient and subject to corrupt practices, according to Anders Aslund, senior fellow at the Peterson Institute for International Economics.

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Commentary

Accelerating freight growth is raising questions about capacity at North American ports, the truckload market and other troublesome bottlenecks.

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