Thursday, October 27, 2011
Earlier today, the Department of Commerce announced that U.S. Gross Domestic Product (GDP) rose by 2.5 percent in the third quarter. This is a good sign but it should not even begin to suggest that happy days are here again.
U.S. Chamber of Commerce President and CEO Thomas J. Donohue said the nation must spend more on infrastructure and mildly endorsed the need to increase the federal fuel tax, which stands at18.4 cents on gasoline, 23.4 cents on diesel and has been unchanged since 1993.
Earlier this week, less-than-truckload transportation services provider YRC Worldwide took steps to augment operations of its national operations of YRC, its largest subsidiary.
Can Republicans and Democrats agree on anything? The American Association of Port Authorities certainly hopes so
Wednesday, October 26, 2011
With the United States manufacturing base accounting for roughly 11 percent of Gross Domestic Product (GDP), domestic manufacturers are not only dealing with a declining base on the home front, they are also facing major disadvantages when it comes to doing business in the United States compared to global competitors.
Growth prospects in Northern Europe remain stalled, according to the most recent edition of the Global Port Tracker Report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
The Republican-controlled House of Representatives could “flip” in favor of the Democrats, especially if the presidential race turns into a cakewalk for President Barack Obama. That’s the word from U.S. Chamber of Commerce President and CEO Thomas J. Donohue, who delivered the keynote at the 25th annual meeting of the North American Transportation Employee Relations Association.
Tuesday, October 25, 2011
In a move signaling future rate pressure in the nation’s most robust ocean cargo trade lane, Horizon Lines, Inc. announced it will discontinue its Five Star Express (FSX) trans-Pacific container shipping service between the U.S. West Coast, Guam and China
There's more than meets the eye in the EU carbon trading story unfolding this week
The U.S. House of Representatives today voted by a wide margin against U.S. participation in the European Union’s costly emissions trading scheme (ETS) that would impose new emissions taxes on U.S. and other nations’ air carriers flying into and out of the EU.