Rail carload and intermodal volumes were again mixed for the week ending June 6, according to data issued by the Association of American Railroads
Category Archives: FOOD & BEVERAGE
The Port of Long Beach in May recorded its busiest month since October 2007, indicating that cargo volumes are returning to pre-recession levels and the worst effects of the labor disruptions this past year are over. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Maersk Line today signed an order for eleven 19,630 TEUs container ships, in a $1.8 billion deal aimed at consolidating its ranking as the world’s largest ocean carrier. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Iraq is taking OPEC’s strategy to defend its share of the global oil market to a new level.
The Senate on May 23 easily passed a two-month extension of highway funding authority, sending the measure to the president for his signature.
Americans stepped up their borrowing in March, as the WSJ’s Eric Morath reports, but the question remains whether the consumers who make figure so prominently in the global economy will start buying in big numbers after taking a break from stores in the first quarter. For planners of retail supply chains, a major part of the question is whether those consumers will come back to the stores or get back to buying by going online. Online commerce is far outpacing storefront sales around the world, creating competition for traditional retailers. It’s created new markets, of course, but as Kim Nash describes in the WSJ Logistics Report, it’s also triggering a supply chain upheaval at brick-and-mortar stores. Wal-Mart Inc., Home Depot Inc. and others are trying to figure out how to serve that online market even as their own online sales are growing. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
The number of tractor-trailers that passed through the top five U.S. border crossings rose 2.4 percent in the first quarter, compared with a 4.1 percent increase a year ago, according to data from the U.S. Bureau of Transportation Statistics. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
After more than 18 months of delays, the much heralded first phase of Brazil’s more that Reais 10 billion ($3.36 billion) port concession program received the go-ahead to proceed from the Tribunal de Contas da Uniao. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
WASHINGTON—Federal Reserve officials attributed the economy’s sharp first-quarter slowdown to transitory factors, in effect signaling an increase in short-term interest rates remains on the table for the months ahead although the timing has become more uncertain. (This article required a subscription with The Wall Street Journal. To access, please click on the above link.)
Original Equipment Manufacturers of trailers have their hands full for the remainder of 2015, according to reports released by both ACT Research and FTR Associates.