Transport Topics
Service Industries Expand at Fastest Pace in a Decade
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America's service providers from restaurants to real estate agencies expanded in July at the strongest pace in a decade, putting the U.S. economy on track for faster growth.
Trade Deficit Widens, Showing Effect of Strong US Dollar
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The trade deficit in the United States widened in June as the strong dollar lifted imports and hobbled exports, representing a hurdle for economic growth.
East Coast Port Cargo Traffic Surges as West Coast Falters
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Growing international trade and continued diversion after West Coast dock disruptions have enabled the three largest East Coast ports to record double-digit cargo gains, based on the latest reports from New York-New Jersey, Savannah, Georgia, and the Norfolk, Virginia, area.
International Cargo Drives Intermodal Freight Up 4.5% in 2Q
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Increased international cargo propelled intermodal freight 4.5% higher in the second quarter, driven by a combination of stronger imports and recovery from early 2015 port disruptions, the Intermodal Association of North America reported.
Class 8 Truck Orders Hit 24,100 in July
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New Class 8 truck orders were "stronger than expected" in July at 24,100 units but still declined 20% from a year earlier, ACT Research reported.
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