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News / Industry News

Port Tracker report calls for slow summer import volume growth

Logistics Management

Keeping in line with its previous edition, the Port Tracker report issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates pointed to slow growth in the summer months for United States-based retail container ports.

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U.S. Economic Snapshot 060616

U.S. Economic Snapshot

“The U.S. LEI picked up sharply in April, with all components except consumer expectations contributing to the rebound from an essentially flat first quarter,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Despite a slow start in 2016, labor market and financial indicators, and housing permits all point to a moderate growth trend continuing in 2016.”

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U.S. Unemployment Situation – May 2016

Bureau of Labor Statistics

The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and  nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike.

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May 2016 Manufacturing ISM Report on Business

Institute for Supply Management.

Economic activity in the manufacturing sector expanded in May for the third consecutive month, while the overall economy grew for the 84th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Cass Freight Index Report – April 2016

Cass Information Systems

North American freight shipments continued to rise in April, although at a much lower rate than earlier in the year. This slowdown mirrors the slowdown in the economy. Expenditures for freight were up marginally. The number of new jobs created fell in April as the unemployment rate hit a one-year high. Hiring for manufacturing, which declined in March, stalled, while construction jobs also fell off. These are signs that businesses are holding off on hiring
because of the perceived weakness in the economy. Manufacturing declined in April and remains weak.

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Trucking Case Study

73-hour, seven-day workweek limit set by Senate panel for truck drivers

Logistics Management

73-hour, seven-day workweek limit set by Senate panel for truck drivers

Truck drivers’ hours of service limits may be tweaked under a fiscal 2017 transportation funding bill passed by an influential Senate appropriations committee this spring.

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BTS Releases March 2016 Freight Transportation Services Index (TSI)

Bureau of Transportation Statistics

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.9 percent in March from February, falling for the second consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The March 2016 index level (120.0) was 26.7 percent above the April 2009 low during the most recent recession. 

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Port Tracker report highlights slow trade growth led by cautious consumers

Logistics Management

Slow to lackluster global trade themes were apparent in the most recent edition of the Port Tracker report released today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

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U.S. Economic Snapshot

“With the March gain, the U.S. LEI’s six-month growth rate improved slightly but still points to slow, although not slowing, growth in the coming quarters,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Rebounding stock prices were offset by a decline in housing permits, but nonetheless there were widespread gains among the leading indicators. Financial conditions, as well as expected improvements in manufacturing, should support a modest growth environment in 2016.”

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U.S. Unemployment Situation – April 2016

Bureau of Labor Statistics

Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported
today. Job gains occurred in professional and business services, health care, and financial activities. Job losses continued in mining.

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