• Port of Oakland’s monthly volume report reflects trade war tensions

    Oakland handled the equivalent of 87,207 20-foot import containers in June. That beat the previous monthly record of 84,835 containers set last July....

  • June retail sales post gains, report Commerce and NRF

    Commerce reported that June retail sales, at $506.8 billion, were up 0.5% annually and were ahead of May’s revised $504.3 billion. NRF reported that June retail sales, which exclude sales from automobiles, gas stations, and restaurants, with sales up 4.2% annually on an unadjusted basis....

  • Global prime logistics rents remain on an upswing, says CBRE report

    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....

  • Ahead of tariff crunch, U.S.-bound import numbers see strong June gains, reports Panjiva

    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, according to data recently released by global trade intelligence firm Panjiva. June shipments, at 1,025,643, were up 6.5% annually. This represents another month of growth, with the exception of a 0.2% decline in March, which was the first one going back to a 7.7% annual drop-off in February 2017. Through the first six months of the year...

  • SEKO announces plans for new UK-based airfreight and omni-parcel services facility

    Chicago-based third-party logistics (3PL) services provider SEKO Logistics recently announced it is investing in a new flagship airfreight and omni-parcel services facility in close proximity to London Heathrow airport. The company said that this investment is a reflection of its confidence in the “continued cross-border growth of British bands globally,” adding that revenues in the UK are expected to surpass $100 million for the first time and that the Heathrow expansion received government...

  • AAR reports annual volume gains for week ending July 7

    Rail carloads, at 240,514, were up 5.4% annually, which is below the week ending June 30 at 270,916 and the week ending June 23 at 268,464....