U.S. Department of Transportation
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.3 percent in June from May,
falling after a single month of growth, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The June 2015 index level (121.9) was 28.8 percent above the April 2009 low during the most recent recession.
A large explosion took place at 11:30 p.m. local time in the port city of Tianjin, located in Northern China. According to state-run Xinhua news, the explosion originated in a container warehouse that was storing “dangerous goods” in the Binhai District of Tianjin. Reports from Xinhau news have indicated that the initial explosion led to further damage to nearby companies.
Import cargo volume at the nation’s major retail container ports is expected to increase 3.6 percent this month over the same time last year as retailers begin to bring in merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Imports for the year are expected to be up 4.2 percent over 2014.
Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, health care, professional and technical services, and financial activities.
In July, both the unemployment rate (5.3 percent) and the number of unemployed persons (8.3 million) were unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.9 percentage point and 1.4 million, respectively.
Logistics Manager
Nickelodeon, the kids’ TV network, has chosen MIQ Logistics to manage its global supply chain including replenishment for its flagship store, and fulfilment of European on-line purchases.
Institute for Supply Management
Economic activity in the manufacturing sector expanded in July for the 31st consecutive month, and the overall economy grew for the 74th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
“The upward trend in the US LEI seems to be gaining more momentum with another large increase in June pointing to continued strength in the economic outlook for the remainder of the year,” said Ataman Ozyildirim, Director, Business Cycles and Growth Research, at The Conference Board. “Housing permits and the interest rate spread drove the latest gain in the LEI, while labor market indicators such as average workweek and initial claims remained unchanged.”
American Trucking Associations
American Trucking Associations’advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 0.5% in June, following a revised gain of 0.8% during May. In June, the index equaled 131.1 (2000=100). The all-time high of 135.8 was reached in January 2015.
Cass Information Systems, Inc.
June shipment volume and payments continued to move up, even as the economy overall has been weakening.
Like recent months, a combination of easing trucking-related market factors helped to drive down the most recent edition of the Trucking Conditions Index from freight transportation forecasting firm FTR.
