Many owner-operators ill-prepared for December ELD mandate, new report says

With the Dec. 18 deadline for mandatory electronic logging devices (ELDs) quickly approaching, there is concern that a majority of the 3.5 million affected trucks have yet to procure or install the required devices.

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Some 400 trucking jobs added during July

Trucking added 400 jobs in July, according to the latest employment report issued by the Department of Labor. July’s gains come after three months of declines in industry employment. However, due to strong gains in February and March, trucking industry employment is still up compared to 2016. July’s total, 1.4706 million, was 22,000 jobs greater than the same month last year.

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ATA forecast report points to continued future freight growth

Continued growth appears to be the main thesis looking out over the next decade for the freight transportation market, according to the American Trucking Associations (ATA) ATA Freight Transportation Forecast 2017, which was released today. Data for this report comes from both the ATA and IHS Global Insight.

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More US West Coast terminal consolidation ahead

Amid the devastating cyber attack on Maersk Group and Cosco Holdings buying OOCL with the help of Shanghai International Port Group, an interesting development on the US West Coast may have passed unnoticed. Hyundai Merchant Marine’s (HMM’s) decision to shut down its operations at its Port of Los Angeles terminal because the new alliances have cost it volume is harbinger for more consolidation on the coast.
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Disruptions, uneven patterns cause headaches for carriers in so-called “peak” season

The crush of e-commerce freight is causing strains on last-mile capacity. Uneven shipping patterns are causing freight forecasts to be wrong as often as correct. Inventory-to-sales ratios are falling as manufacturers abhor keeping excess inventory for very long

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Ports of LA, Long Beach to raise Traffic Mitigation Fee

The fee that terminals at the ports of Los Angeles and Long Beach charge for moving cargo during daytime hours Monday through Friday is about to go up. On Aug. 1, the Traffic Mitigation Fee (TMF) at the adjoining Southern California ports is increasing by 2.3 percent, according to the West Coast MTO Agreement, which announced the news late last week. Starting next month, the fee will rise to $72.09 per TEU, or $144.18 per FEU.

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Maersk to offer trade financing in six U.S. states

The world’s largest ocean carrier has piloted a program in four countries to offer loan capital to shippers and has recently expanded that facility to importers and exporters to the United States. The program is designed to give Maersk customers an alternative to bank financing for shipping and trade-related services attached to their ocean freight, freeing those companies to reserve capital for other uses.

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This Is What Will Happen To All The Empty Stores You’re Seeing

Depending on who you ask, estimates of the number of retail stores that will close in 2017 range from 7,000 to 10,000. Given the retail climate, the number of new store openings is likely to be much lower. If you walk in almost any shopping area now, you see vacancies. They’re an eyesore, they make people less likely to shop, they ruin the adjacencies that spur shoppers to buy and they limit the incomes of store employees, retailers and landlords.

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CEOs urge Trump to leave NAFTA’s foundation in place

A group of 32 chief executive officers from major companies sent a letter to the White House, urging President Trump to move quickly on an update of the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico, but not to mess with the underlying structure, the Wall Street Journal reported.

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Commerce: U.S. GDP grows 1.2% in Q1 2017

United States gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017, according to the “second” estimate released by the Commerce Department’s Bureau of Economic Analysis (BEA).

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It’s more than Amazon: Why retail is in distress now

With more than half of 2017 still ahead, the retail industry is seeing a record-setting pace for bankruptcy filings and store closings — and more are expected in the not too distant future, despite what most consider a healthy consumer.

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Tracking new product development across the global snacking landscape

Hybrid foods and flavors are driving new product development across the global snacking landscape. Sweet bakery flavors, such as cakes, cookies and pies, are growing in global snack launches, said Kara Nielsen, manager of sales and engagement USA at market research firm Innova Market Insights.

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C-stores seek growth as retail channels continue to blur

Speed, experience and personalization stand out as three strengths that convenience stores have in the battle to attract consumer dollars, according to research from The Nielsen Co.

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U.S. organic food sales jump more than 8%

Organic food sales in the United States increased by 8.4% in 2016 to reach $43 billion, marking the first time sales surpassed $40 billion, according to the Organic Trade Association’s industry survey released May 24. The 8.4% jump compared to an increase of 0.6% in overall U.S. food market sales.

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Moody’s sees alternative beverages entering the mainstream

Moody’s Investors Service sees carbonated soft drink consumption in the United States continuing to slide and some of that market share being replaced by what the service calls “alternative beverages.” Such beverages include ready-to-drink coffee and tea, energy drinks, organic juices, enhanced waters and functional beverages.

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Canada’s economy grew at 3.7% pace in first 3 months of 2017

Canada’s economy expanded at an annual pace of nearly four per cent in the first quarter, more than three times the growth seen in the U.S. in the same period. According to Statistics Canada, the total value of all goods and services sold in Canada grew in absolute terms by 0.9 per cent from the level seen at the end of 2016. But that’s an annualized pace of 3.7 per cent.

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