Mexico’s economy grew less than first estimated in the fourth quarter as activity contracted in December, the first month of President Andres Manuel Lopez Obrador’s administration, data showed on Monday, clouding the outlook for 2019.
Tag Archives: Economy
The U.S. economy might appear to be humming along in the late stages of an economic expansion, but experts don’t think it will be sustained for too many years to come.
BNSF, a unit of Berkshire Hathaway (NYSE: BRK.A), plans to add rail capacity at its Alliance Intermodal Facility as distribution and warehousing space in the Fort Worth market is anticipated to grow substantially. As part of its previously announced capital spending plans, the largest U.S. railroad said it plans to spend $405 million in Texas this year, compared to $375 million spent in 2018. BNSF said over half of the 2019 funds will go to increasing capacity and train speeds in the state.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 23, 2019. For this week, total U.S. weekly rail traffic was 522,630 carloads and intermodal units, down 1.1 percent compared with the same week last year. Total carloads for the week ending February 23 were 256,954 carloads, up 2 percent compared with the same week in 2018, while U.S. weekly intermodal volume was 265,676 containers and trailers, down 3.9 percent compared to 2018.
Earlier this month, UPS Freight, the less-than-truckload subsidiary of Atlanta-based transportation and logistics bellwether UPS announced general rate increases (GRI) that went into effect on February 18. The GRI, which applies to non-contractual less-than-truckload (LTL) shipments rated on the current UPS Freight 525, 560, 570 and 571 tariffs, is 5.9%.
The U.S. auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.
The National Retail Federation today forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.
The turbulence in the stock market during the last month of the year has led many to forget that the overall state of the economy was positive in 2018, as it performed well by most measures, including year-over-year growth and a strong labor market.
Oil sank for a second straight day as service-sector orders fed worries about the economy and traders received another report of booming U.S. crude supplies.
The trade war between the United States and China has caused major disruptions for global businesses – but it may also bring benefits for some. Companies in Europe, Mexico, Japan and Canada could add tens of billions of dollars in export orders if the conflict drags on, according to a study released this week by the United Nations Conference on Trade and Development.