Tuesday, July 15, 2014
Commerce reported that June retail sales at $439.9 billion were up 0.2 percent over May and up 4.3 percent compared to June 2013, and the National Retail Federation said that June retail sales, which exclude automobiles, gas stations, and restaurants, were flat on a seasonally-adjusted and sequential basis for the second straight month in May, and saw a 3.0 percent unadjusted annual increase.
U.S.-bound waterborne shipments in June—at 1,195,872—were up 6 percent annually and were flat from May to June.
Posted on 07/15 at 09:50 AM
Global Trade •
The average price per gallon of diesel gasoline declined for the second straight week, falling 1.9 cents to $3.894 per gallon, according to data issued by the Department of Energy’s Energy Information Administration (EIA).
Posted on 07/15 at 08:53 AM
Diesel Prices •
Monday, July 14, 2014
Despite various factors working against it, United States 2013 third-party logistics (3PL) gross revenue again saw annual gains, up 3.2 percent over 2012 at $146.4 billion, according to data released by supply chain consultancy Armstrong & Associates.
While overall market conditions are not dire, there is a confluence of factors working together that need to be monitored in the trucking sector, according to the most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR.
Posted on 07/14 at 10:16 AM
Friday, July 11, 2014
In recent days, both the Senate Finance Committee and the House Ways and Means Committee have been working on bills that each have the intention of keeping the HTF afloat, but, unsurprisingly, neither calls for what would appear to be the easiest way of doing so, which is the simply raise the tax.
Posted on 07/11 at 11:38 AM
Highway Trust Fund •
Carload volumes were up 9.4 percent annually at 270,731, and intermodal was up 10.5 percent at 227,097 containers and trailers.
Posted on 07/11 at 03:00 AM
The BTS said that the May Freight TSI at 120.0 is the new all-time high level, topping November 2013’s 119.4, which was set before the harsh winter weather kicked in. BTS said that after falling to 94.6 in April 2009, the Freight TSI increased a cumulative 26.9 percent in the following 61 months.
Thursday, July 10, 2014
At issue in Southern California is what truckers maintain are unfair labor practices — being treated as independent contractors rather than employees.
Posted on 07/10 at 03:49 PM
Maersk and MSC have signed a 10-year contract deal to share vessels on some of the world's busiest trade routes.