Fitch Ratings: Slowing trade growth to affect ports
Global trade and ports volumes are likely to slow down to grow in line with world GDP, Fitch Ratings says in a new report. This…
August retail sales supported by job and wage gains amid continued inflation
Consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices,…
TIA applauds rail labor unions, rail carriers and Administration for averting strike
The following statement is attributed to Anne Reinke, president and CEO, Transportation Intermediaries Association (TIA)
Amazon launches Veeqo, free shipping software for sellers, including discounted shipping rates
Veeqo offers all sellers, regardless of order volume, free access to discounted rates with UPS, U.S. Postal Service, DHL, and FedEx
Oil falls as US says price trigger not needed to refill reserves
Oil fell after the US Department of Energy said its plan to restock emergency crude reserves doesn’t include a price trigger and that the deliveries…
July 2022 Freight Transportation Services Index (TSI)
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.6% in July from…
SAS confident for winter as funding approved and travel rebounds
SAS AB Chief Executive Officer Anko van der Werff said he’s confident the Scandinavian airline will emerge successfully from a Chapter 11 restructuring after winning…
[Freightos Weekly Update] Ocean rates dip on transatlantic
This week's key updates in the international freight markets include: 1 A major US rail workers strike set for Friday threatens to make East Coast…
US import prices slid in August, offering some inflation relief
US import prices fell for a second straight month in August, offering one source of relief from inflationary pressures, with a strengthening dollar helping to…
Steel shipments on Great Lakes-St. Lawrence Seaway System uplift American manufacturing
August tonnage report shows uptick in steel shipments
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