• ITVI.USA
    14,347.600
    105.650
    0.7%
  • OTRI.USA
    22.380
    -0.310
    -1.4%
  • OTVI.USA
    14,344.040
    98.760
    0.7%
  • TLT.USA
    2.760
    0.020
    0.7%
  • TSTOPVRPM.ATLPHL
    2.650
    -0.300
    -10.2%
  • TSTOPVRPM.PHLCHI
    1.970
    0.010
    0.5%
  • TSTOPVRPM.LAXSEA
    2.990
    -0.310
    -9.4%
  • TSTOPVRPM.LAXDAL
    2.490
    -0.200
    -7.4%
  • TSTOPVRPM.DALLAX
    1.460
    -0.040
    -2.7%
  • TSTOPVRPM.CHIATL
    3.280
    -0.100
    -3%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    14,347.600
    105.650
    0.7%
  • OTRI.USA
    22.380
    -0.310
    -1.4%
  • OTVI.USA
    14,344.040
    98.760
    0.7%
  • TLT.USA
    2.760
    0.020
    0.7%
  • TSTOPVRPM.ATLPHL
    2.650
    -0.300
    -10.2%
  • TSTOPVRPM.PHLCHI
    1.970
    0.010
    0.5%
  • TSTOPVRPM.LAXSEA
    2.990
    -0.310
    -9.4%
  • TSTOPVRPM.LAXDAL
    2.490
    -0.200
    -7.4%
  • TSTOPVRPM.DALLAX
    1.460
    -0.040
    -2.7%
  • TSTOPVRPM.CHIATL
    3.280
    -0.100
    -3%
  • WAIT.USA
    127.000
    0.000
    0%
American ShipperShippingTrade and Compliance

U.S. GDP grew 4% in 2Q

   The U.S. economy increased at an annual rate of 4 percent in the second quarter of 2014, compared to a first quarter decrease of 2.1 percent.
   The Commerce Department said the increase in real gross domestic product in the second quarter primarily reflected positive contributions from personal consumption expenditures, private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment.
   Specifically, exports of goods and services increased 9.5 percent in the second quarter, in contrast to a decrease of 9.2 percent in the first, while imports of goods and services increased 11.7 percent, compared with an increase of 2.2 percent.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.