U.S. Census Bureau data released June 17 showed continued growth in core retail sales – which exclude autos, gas and restaurants – in May despite a downturn in overall sales amid on-again, off-again tariffs on imported merchandise, said National Retail Federation Chief Economist Jack Kleinhen.
“Despite a soft labor market, aggregate consumer spending has been supported by wage gains and an improvement in the stock market,” Kleinhen said. “Consumers are seeing ...
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The New Orleans Public Belt Railroad, or NOPB, said it has strengthened its partnership with Freedom International Tank Services, a full-service, logistics provider headquartered in New Orleans.
Freedom Intermodal’s recent launch of its railcar cleaning services, as well as an expansion of transloading capacity and railcar storage, improves efficiency and reliability ...
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The U.S. Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — major and minor — that the agency said were outdated or punishing truckers.
“My department is slashing duplicative and outdated regulations that are unnecessarily burdensome, waste taxpayer dollars, and fail to ensure safety,” Transportation ...
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Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook (https://tinyurl.com/mr3m6fbh).
Global growth has slowed from 3.3 percent in 2024 to 2.9 ...
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Benefitting from a major U.S. policy change, Port Milwaukee held an event June 16 to spotlight the vital role the Great Lakes maritime industry plays in regional economic development, international trade, and community prosperity.
On April 17, the U.S. Trade Representative’s final determination exempts Great Lakes vessels from the US$1.5 million ...
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Americold Realty Trust, a provider of temperature-controlled logistics, real estate and value-added services, said May 29 it has begun work on its first import-export hub to be built in Port Saint John, New Brunswick, Canada.
The new cold storage facility, slated to open in 2026, will be the sixth operated by ...
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Atlas Air Worldwide Holdings released its sixth Sustainability Report 2024 May 22, highlighting the initiatives and programs that are helping move the company forward on its green journey.
The progress described in the report is aligned with four key pillars in Atlas’ sustainability strategy: ‘Preserve Our Planet,’ ‘Care for Our People,’ ...
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DP World said May 15 it will invest US$760 million to expand the Dominican Republic Port of Caucedo, which it said would create a manufacturing and logistics hub for the Americas
DP World signed a memorandum of understanding, or MoU, with the Dominican Republic’s Ministry of Industry, Commerce and MSMES. MICM ...
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‘Liberation Day’ for many U.S. consumers and global traders came on May 14, not April 2, which was the day when President Donald Trump essentially set an embargo against Xi Jinping and China, and prohibitive tariffs against every country. And some penguins.
Instead, On May 12, Trump issued a joint statement ...
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The St. Bernard Port, Harbor and Terminal District, in partnership with Associated Terminals, on May 14 celebrated the completion of more than two decades of planning in the historic opening of the Chalmette Slip Rehabilitation Project.
Originally constructed in 1907, the Chalmette Slip is fully operational for the first time in ...
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