Economy Watch

Economy Watch

Economy news, data, and analysis with a focus on how changing economic trends can impact the shipping and transportation industries. Our focus on world economy news looks at economic growth and challenges around the world from the United States and China to the United Kingdom and South Africa.

Commentary

The wind is at the intermodal sector’s back in the North American markets, but there is one headwind that, and as of now, the scope and ultimate impact is unknown. 

News & Analysis

A Maersk Line ship in the Pacific Ocean.
04 Dec 2018
The export/import surge was propelled by a combination of factors.
A truck transport a wind generator blade.
20 Nov 2018
In the next two decades, project construction and transport sectors can expect electricity generation to grow in importance, as emerging nations, particularly those in Asia, shift toward light industry, service economies, and digitization.
Trucks travel on a US highway.
16 Nov 2018
Higher freight volumes and shipper spending reported by the Cass Freight Index show that while the US economy may be expanding more slowly in late 2018, it is not on the verge of a contraction.
Brazil beef.
16 Nov 2018
Almost immediately after Bolsonaro’s announcement, Egypt canceled a trade mission from Brazil that had been scheduled to promote exports, such as beef, chicken, and various fruits.
Alexandria port.
16 Nov 2018
“In my personal opinion, yes [Egypt does need capacity]. I really think there is a growth story. There is congestion and a need for higher-quality infrastructure,” said Khaled Nageib, CEO and president of Egyptian Ports Development Group, a private-sector company engaged in the development of domestic and international ports.
Trucks travel on a US highway.
15 Nov 2018
The changes across the US transportation landscape, from a trade war with mainland China to seemingly unstoppable e-commerce growth, require from logistics managers a drill-like precision and agility and closer collaboration with carriers.
Trucks parked in Louisiana, United States.
02 Nov 2018
If shippers reorganized efficiently and put an end to procurement teams focused solely on price and transactions instead of supply chain efficiency, we would have more drivers available and motivated to take time to train and become more valuable as well as get paid more.
Trucks travel on a US road.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
Breakbulk Americas, Oct. 2018.
16 Oct 2018
China and Russia are changing global trade rules and the global order in ways "detrimental to US security," a Trump administration document claims.
Port of Colombo, Sri Lanka.
11 Oct 2018
“We want to use the Colombo port for transshipment of goods towards Europe and America, as it will help us cut lead time by nearly 10 days,” said Bangladesh Garment Manufacturers and Exporters Association president Siddiqur Rahman.
Port of Los Angeles.
09 Oct 2018
“Retailers are continuing to import merchandise in order to meet consumer demand even though tariffs are now in place on roughly half the goods imported from China and the trade war is still escalating,” Jonathan Gold, vice president for supply chain and customs policy at the National Retail Federation, said Tuesday.
A UPS truck travels in San Francisco, California, United States.
05 Oct 2018
From warehousing to trucking, US employers are rushing to get workers in place for the peak shipping season — and another, likely substantial, increase in end-of-year e-commerce purchases and deliveries.
A freight train travels across China.
04 Oct 2018
China’s government has invested billions in the China-Europe rail network, and volume, propelled by subsidies, has surged. However, those subsidies have created other downsides for shippers and the broader market.
A truck travels on a US highway.
11 Sep 2018
One could argue that the US truck sector has reached its peak, but others believe that with a robust manufacturing sector and other sources of growth, another year of strong truck sector gains is ahead.
JNPT.
04 Sep 2018
Maersk, which transports roughly 20 percent of India’s containerized freight, said three factors have essentially combined to drive that impressive, steady growth.
Shanghai, China.
23 Aug 2018
Launched by Chinese President Xi Jinping in 2013, the Belt and Road Initiative is now a major cornerstone of China’s foreign policy.
Port of Los Angeles.
09 Aug 2018
The uptrend in US imports, in line with the US/global expansions, continued in June, but shippers remain cautious, and there are objective, geopolitical reasons why they are not celebrating.
Rotterdam port
02 Aug 2018
Terminal underinvestment points to trade growing at a stronger rate than terminal expansion in the immediate years ahead. Further, there’s another container shipping trend that’s placing an additional demand on terminals/ports.
Maersk Line.
24 Jul 2018
Maersk, the world’s largest ocean carrier, said India — riding a wave of economic reforms — registered an impressive year-over-year increase in its export-import trade with the member countries.
Port of Long Beach.
09 Jul 2018
US importers plan to bring in record container volume this peak season, which will translate into an impressive 2018 year-end gain compared with 2017.
Toronto skyline.
19 Jun 2018
The Canadian economy is “humming,” an economist says, but can it outrun trade disputes with its largest trading partner?
Port of Oakland.
14 Jun 2018
With manufacturing sectors in both nations in a strong uptrend, and China’s middle class expanding while US consumer spending is recovering after a long hiatus, only a full-bore trade war could deflect accelerating container trade between the two economic giants.
Port of Los Angeles.
07 Jun 2018
Global Port Tracker predicts record imports this autumn, with load-center ports once again under the gun to efficiently handle containers for their beneficial cargo owner customers.
A truck travels on a US highway.
05 Jun 2018
US shippers may be concerned about the impact of trade wars and higher tariffs on their costs, but those jitters haven’t dented how much freight they actually ship. Initial reports from trucking companies such as Old Dominion Freight Line and economic indicators such as the Non-Manufacturing Index and Purchasing Managers' Index show the US economy is still rolling strong.
DP World Terminal Cochin.
22 Mar 2018
Executives are increasingly viewing the emerging market economy as a bright spot for investment. And the reason is clear: India’s GDP growth is expected to exceed China’s next year.
Bayonne Bridge (new).
15 Mar 2018
The bulk of regional economic fundamentals indicate a strong year is ahead for container trade, GDP growth, earnings growth, and job creation — with all of the positives that implies for lateral sectors and society.
06 Mar 2018
IHS Markit Chief Economist Nariman Behravesh shares his outlook for global economic and trade growth with attendees at the 18th Annual TPM Conference at a time of growing uncertainty surrounding fiscal and trade policy.
05 Mar 2018
Political decisions, whether in trade or monetary policy, are the biggest threats toward US and global economic expansion, IHS Markit’s Nariman Behravesh tells TPM 2018.
18 Dec 2017
It is clear that a world-class infrastructure improves a nation's efficiency and attracts business. And post-Brexit United Kingdom must implement several infrastructure improvements to achieve both.