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.
09 Mar 2014
China’s target of 7.5 percent GDP growth in 2014 will be a spur to shipping demand in the coming months, according to one shipping analyst.
26 Feb 2014
President Obama will ask Congress to pass a $302 billion, four-year transportation bill this year during a stop in St. Paul, Minn., backed in part by potential savings from an overhaul of the U.S. tax code.
20 Feb 2014
The DAT national average dry van spot market rate stayed at its $1.97 per mile high last week, as more severe winter storms snarled supply chains from the Gulf Coast to the Northeast and inland.
19 Feb 2014
Japan’s economic growth slowed further in the October-December quarter as exports, a key driver of expansion, remained weak, according to a preliminary report released by the Cabinet Office on Feb. 17.
18 Feb 2014
Cross-border trade among the U.S., Mexico and Canada is increasing, but President Obama is likely to hear complaints about U.S. trade barriers when he meets his Mexican and Canadian counterparts Feb. 19.
18 Feb 2014
Global Logistics Properties wins $2.5 billion in support from Chinese investors to expand its fast-growing network of modern logistics facilities across China.
U.S. containerized imports through January 2014. Source: PIERS
18 Feb 2014
U.S. containerized import volume rose 6.2 percent year-over-year in January 2014, according to advance figures from PIERS, the data division of JOC Group Inc. Imports totaled 1.58 million TEUs in January. January imports were up roughly 10 percent from containerized volume in December.
13 Feb 2014
U.S. shippers on average expect that for the first time in roughly two years freight growth in 2014 will steadily outpace the expansion of the general economy,
12 Feb 2014
Air and ocean trades to and from China will remain slow until next month due to the Lunar New Year shutdown, according to a survey by JOC of leading transport operators and analysts based in Asia.
12 Feb 2014
Shippers must be more proactive to mitigate rate increases, meet truck capacity and supply chain challenges in 2014, says Andy Moses, senior vice president of global products at Penske Logistics.

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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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