Economy

With global shippers looking to get in front of the beginning phase of recently implemented tariffs, United States-bound waterborne shipments saw gains in June.

Given the strong economic outlook at the moment, it stands to reason that there have been various subsequent takeaways. One key one was highlighted in a report recently issued by commercial real estate firm CBRE, whose main thesis was that for the year ending March 31, global prime logistics rents saw gains, due, in large part, to the improving global economy, as well as increased demand for goods bought both at physical store locations and online.

Secretary of Commerce cites flexible international sales model and record of exports to more than 25 countries.

Tariff frictions with trading partners in North America, the EU and China remain a wild card.

In the debate around automation, two forces work in an employee’s favor: technology is evolving quickly but doesn't pose an immediate threat, and e-commerce growth requires more workers within distribution centers.

The NMI index headed up 1.8% to 58.6 in May, 0.9% ahead of the 12-month average of 58.6.

Report analyzes the gap between rental rates developers can expect and the rates needed to cover all development expenses.

ISM said that PMI, the report’s key metric, increased 1.4% in May to 58.7, marking the 21st consecutive month of growth, with the overall economy now having grown for 109 straight months.

In a wide-ranging statement, the White House said that under Section 301 of the Trade Act of 1974, the United States will impose tariffs on goods containing industrially significant technology, including those related to the ‘Made in China 2025’ program.

Retail sales data issued today by the United States Department of Commerce and the National Retail Federation (NRF) showed modest sequential gains and varying annual gains.

Much of the gains occurred recently, as March orders of unit handling equipment were double those of February.

ISM estimates a 6.6% gain in 2018 manufacturing revenue, ahead of December's 5.1% reading. Non-manufacturing revenues expected to rise 3.2% in 2018.

Celebrating its 20th anniversary, the company has produced more than 40,000 customized forklifts.

Although the United States warehousing market has tight vacancy rates, strong absorption rates and rent levels, study suggests it is also a victim of its own success amid the ongoing strength of e-commerce.

Unanimous decision by awards’ jury honors CHEP’s carbon-neutral half pallet solution.