The US economy won't run off the road this year, but keep an eye on trade, tariffs, and 2020, economists say at SMC3's Jump Start 2019 event.
US Economy News
US Economy News
17 Jan 2019
Knight-Swift projects higher fourth-quarter, first-quarter earnings, but analysts are not doing the same for 2019 truckload pricing forecasts.
08 Jan 2019
"With the holiday season behind us, the immediate pressure to stock up on merchandise has passed, but retailers remain concerned about tariffs and their impact on the nation’s economy,” said Jonathan Gold, the NRF’s vice president for supply chain and customs policy.
04 Jan 2019
Even with a US recovery in its 10th year, the transportation and warehouse sectors continue to register strong monthly job growth.
14 Dec 2018
US freight volumes are still growing. Equally significant, the international political climate that affected imports, exports, and trade flows in 2018 could do so again in 2019.
16 Nov 2018
Higher freight volumes and shipper spending reported by the Cass Freight Index show that while the US economy may be expanding more slowly in late 2018, it is not on the verge of a contraction.
15 Nov 2018
The changes across the US transportation landscape, from a trade war with mainland China to seemingly unstoppable e-commerce growth, require from logistics managers a drill-like precision and agility and closer collaboration with carriers.
02 Nov 2018
If shippers reorganized efficiently and put an end to procurement teams focused solely on price and transactions instead of supply chain efficiency, we would have more drivers available and motivated to take time to train and become more valuable as well as get paid more.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
16 Oct 2018
China and Russia are changing global trade rules and the global order in ways "detrimental to US security," a Trump administration document claims.
09 Oct 2018
“Retailers are continuing to import merchandise in order to meet consumer demand even though tariffs are now in place on roughly half the goods imported from China and the trade war is still escalating,” Jonathan Gold, vice president for supply chain and customs policy at the National Retail Federation, said Tuesday.
05 Oct 2018
From warehousing to trucking, US employers are rushing to get workers in place for the peak shipping season — and another, likely substantial, increase in end-of-year e-commerce purchases and deliveries.
11 Sep 2018
One could argue that the US truck sector has reached its peak, but others believe that with a robust manufacturing sector and other sources of growth, another year of strong truck sector gains is ahead.
09 Aug 2018
The uptrend in US imports, in line with the US/global expansions, continued in June, but shippers remain cautious, and there are objective, geopolitical reasons why they are not celebrating.
02 Aug 2018
Terminal underinvestment points to trade growing at a stronger rate than terminal expansion in the immediate years ahead. Further, there’s another container shipping trend that’s placing an additional demand on terminals/ports.
09 Jul 2018
US importers plan to bring in record container volume this peak season, which will translate into an impressive 2018 year-end gain compared with 2017.
14 Jun 2018
With manufacturing sectors in both nations in a strong uptrend, and China’s middle class expanding while US consumer spending is recovering after a long hiatus, only a full-bore trade war could deflect accelerating container trade between the two economic giants.
07 Jun 2018
Global Port Tracker predicts record imports this autumn, with load-center ports once again under the gun to efficiently handle containers for their beneficial cargo owner customers.
05 Jun 2018
US shippers may be concerned about the impact of trade wars and higher tariffs on their costs, but those jitters haven’t dented how much freight they actually ship. Initial reports from trucking companies such as Old Dominion Freight Line and economic indicators such as the Non-Manufacturing Index and Purchasing Managers' Index show the US economy is still rolling strong.
15 Mar 2018
The bulk of regional economic fundamentals indicate a strong year is ahead for container trade, GDP growth, earnings growth, and job creation — with all of the positives that implies for lateral sectors and society.
07 Nov 2017
A survey of shippers and logistics service providers (LSPs) shows broad agreement truck capacity is getting tighter, but the LSPs expect rates to rise higher next year than shippers anticipate. Electronic logging devices may be a reason.
25 Oct 2017
US truck tonnage slipped slightly less than 1 percent in September, following hurricanes Harvey and Irma, but year-over-year data shows a significant long-term increase in freight volumes.
19 Oct 2017
YRC Worldwide was hit by two hurricanes and a wave of rising transportation costs in the third quarter, forcing it to lower its projected operating profit for 2017.
17 Oct 2017
After climbing for seven straight weeks, US spot truckload rates stalled last week, but remain higher than usual for early October. DAT Solutions expects spot pricing to keep climbing.
18 Sep 2017
The reduction slightly jars the confidence of the container shipping industry.
30 Jul 2017
It is going to take government support and new business practices to boost US exports, and even then, it is going to be tough haul.
29 Jul 2017
US containerized exports are on the upswing, a boon not just to shippers of goods and commodities such as cotton and poultry, but also to the railroads, marine terminals, and container lines hungry to ship anything but empties to Asia.
09 Jun 2017
US retailers are expecting US import volumes to hit record levels in the coming months.
29 May 2017
The Top 5 Importers in 2016 combined to handled 2.2 million TEU while the Top 5 Exporters shipped 921,600 TEU.
09 Mar 2017
Strong consumer demand driving double-digit growth in imports.
09 Mar 2017
US spot truckload rates jump as volumes rise 17 percent in the first week of March.
09 Mar 2017
After a "tougher" than expected start to the year, Swift Transportation expects more from March.
06 Mar 2017
Pressure on truckload rates abates, at least temporarily, as demand remains moderate.
27 Feb 2017
Much depends on the actions of President Donald Trump.
24 Feb 2017
US retailers are seeking the right balance between in-store and online inventories.