The market for lumber slowed considerably in the second half of 2018 as the Chinese economy lost momentum and trade disputes with the U.S. persisted.
Dry van rates hit air-pocket last month and lose altitude; but other indicators of freight economy still looking up.
New car sales should remain strong next year, said the National Automobile Dealers Association, but one group is warning of trouble on the horizon.
Economic and freight indicators are mixed, with some suggesting a downturn is coming, but others pointing to continued growth.
“You don’t want to start a trade war with China for the same reason you don’t fight a land war with Russia: They will ‘out-suffer’ you.”
U.S. Chamber of Commerce president Tom Donohue threw down $25,000 for ideas on how to pay for infrastructure. And told Washington to open back up.
A strong economy led to more CO2 emissions from industry and from buildings, offsetting the move away from coal.
Parliament amended the Brexit debate time table and demanded a new plan from Prime Minister Theresa May, making a ‘no deal’ Brexit somewhat less likely.
It’s that time of year; time to look forward and plan for the year. In order to have a better idea of where the economy and industry are headed, we always like to look back and review from where we came and what happened.
The first week of 2019 saw three of America’s largest companies announce revenue expectation reductions, signaling a potential cooling of the U.S. shipping market.
The U.S economy added over 300,000 jobs in December, marking the best monthly performance since February and capping the strongest year of hiring since 2015. The strength in job growth in December did not translate to the transportation and logistics sector, however, which was weighed down by job losses among parcel companies.
Supply and purchasing managers look for geopolitical clarity.
Senate confirmation of Patrick Fuchs and Martin Oberman could be catalyst for STB Chairman Ann Begeman to take action on pending shipper proposals.
China announced wide-sweeping changes to its import and export tariffs over the Christmas break; Australia-based expert China-watchers are divided as to Beijing’s motivations and what it might mean for Australia. Photo: Shutterstock.
Count universities among the for-profit and nonprofit organizations that are being reshaped by a certain e-commerce giant.
Freight clearance at border crossing at ports could be susceptible to backups and delays if Washington lawmakers are unable to resolve the funding crisis sooner rather than later.
Traders look at the ratio between gold and oil. What did it say in 2018?
Manufacturers’ new orders for durable goods posted a modest rebound in November, driven by a surge in aircraft orders. Orders excluding transportation fell for the second time in three months. This is the latest in a string of disappointing releases from manufacturing, raising some questions about the health of one of the key drivers of freight demand headed into next year.
The vote, with one council member abstaining, took place at 1:05 a.m. this morning.
The history books will say many things about 2018, but whatever else is recorded, it will go down as one of the strongest years for spot and contract pricing increases in the history of trucking in the U.S. Will that trend continue?
