Economy Watch

IHS economist: the volume of containerized U.S. imports will grow at a slower pace than expected in 2016.

The U.S. economy created 255,000 jobs in July, a higher number than expected and although trucking employment has declined since 2015, it is still slightly above its pre-recession peak.
Does an uptick in trucking jobs indicate the trucking market is stabilizing?

The slight year-over-year drop in quarterly revenue was the first for ODFL since 2009.

Like competitor Swift Transportation, Werner is reducing its fleet capacity.
The fifth-largest U.S. truckload carrier is cutting some shippers loose as they seek deep rate cuts in a soft market.

High inventories continue to drag on demand for trucking and transportation services.
Tonnage drops in June despite other improving indicators for trucking.

Indian exports, such as this handcrafted jute weaving, are rebounding after a slide that lasted more than year.
Indian exports are rebounding from a slide that lasted more than year.

Economic indicator shows no sign of inventory destocking in May.

It is difficult to project how the U.S. container trade will develop this year because of difficult comparisons to 2015 rooted in the West Coast labor dispute at that time.
U.S. containerized imports should slightly rise over the second half of 2016.

Japanese container trade volume will slip slightly in fiscal 2016 for the third straight year.

Californian merchandise exporters struggled in May.