U.S. scrap metal exports took a tumble in the first half of 2015 and are expected to fall even more by year’s end, as the strong U.S. dollar continues to weigh on all American exports.
The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research.
China’s annual economic growth will continue to slow over the next 15 years as its population ages and growth shifts from being driven by exports to a full-fledged consumer market.
India’s merchandise exports to the rest of the world fell for the seventh successive month in June, representing a serious setback for New Delhi’s long-term goal of doubling its global outbound trade over the next five years.
China’s government has never been slow to pile into its markets and even as improving June exports halted a three-month decline, Beijing this week issued a package of support measures for the industry.
Refrigerated trucking company Marten Transport increased its profit while adding trucks in the second quarter, as dedicated revenue rose more than 60 percent.
U.S. spot market truck freight volumes rose 9 percent in June from May, after declining 1.7 percent that month, according to DAT Solutions. That's another sign the U.S. economy is still growing.
Net orders for Class 8 trucks in North America fell in June for the fourth consecutive month, but that’s no cause of concern, according to transportation research firm FTR.
Import volume at the busiest U.S. container gateways during July is expected to rise 7.3 percent from a year earlier as retailers prepare for back-to-school sales, according to the monthly Global Port Tracker report.
A Tokyo-based research firm has downgraded its outlook for Japanese container trade in fiscal 2015, which started on April 1, citing a significantly slower pace of growth in imports than previously anticipated.