America brings in lots of cars and auto parts from Mexico. It’s by far the No. 1 good shipped north of the border. If you take away those shipments, the U.S. wouldn’t have a trade deficit with Mexico. The U.S. imported $78 billion of cars and auto parts in 2015 from Mexico. America’s overall trade deficit with the country that year was $58 billion.
Category Archives: INDUSTRIAL
Shipments and new orders for long-lasting manufactured durable goods were varied in September. While home sales continue growing, one key economic indicator fell. The increase of 0.8% in shipments last month is the third in the last four months and was led by a 2.3% increase in transportation orders.
U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management (ISM) on Tuesday said its index of national factory activity rose 0.4 percentage point to a reading of 51.9 percent last month.
News that the 20,000-member International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) plan to meet again in early November should be welcomed by West Coast shippers who can recall cargo slowdowns that occurred over a nine-month period before being settled in the contract agreement of February 2015.
For shippers, carriers, brokerages and really all other industry stakeholders that have not given much thought to the possibility of Uber becoming a truckload carrier, it appears it may be time to change that mindset.
U.S. House Rep. Jaime Herrera Beutler, R-Wash., is urging the Department of Transportation to consider further regulation of freight trains carrying crude oil. Beutler earlier this week sent a letter to U.S. Transportation Secretary Anthony Foxx, Federal Railroad Administrator Sara Feinberg and Pipeline and Hazardous Materials Safety Administrator Marie Therese Dominguez asking DOT to study potential methods for reducing the combustibility of crude oil trains.
September U.S. auto sales are forecast to drop nearly 1% from a year ago, despite a record high for consumer discounts, J.D. Power and LMC Automotive said on Monday.
China’s main ports booked strong year-over-year growth in container throughput in August, fueling speculation of a possible trade recovery for the second half of the year in the world’s second-largest economy.
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US less-than-truckload carriers are pursuing rate increases this fall, and earlier than in previous years in some cases. The majority of LTL freight moves under contract and won’t be affected by the general rate increases, but the general rate increases signal carrier resolve to increase pricing despite what’s been a lackluster freight market in 2016.
(This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The US trucking industry hauled a record US$726.4 billion in freight last year, according to the latest edition of American Truck Trends, compiled by the American Trucking Associations (ATA). That marks two consecutive year that the value of freight hauled by truck topped $700 million.