The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) dropped 0.7 percent from September to October, snapping a three-month run of gains.
Commerce reported that November retail sales at $432.3 billion were up 0.7 percent compared to October and up 4.7 percent compared to November 2012. NRF reported that November retail sales, which exclude autos, gas stations, and restaurants, were up 0.6 percent on a seasonally-adjusted basis from October and were up 3.9 percent on an unadjusted basis annually.
XPO Logistics has entered into a definitive agreement to acquire NLM, the largest provider of Web-based expedited transportation in North America from Jacksonville, Fla.-based Landstar System.
New monthly report offers fresh insight into U.S. export and import container activity and trends
As has been the case in its respective monthly manufacturing and non-manufacturing reports on business, continued growth remains in the cards for 2014, according to the December 2013 Semiannual Economic Forecast released this week by the Institute for Supply Management.