Economic Uncertainty Looms Over 2024 Presidential Election
As we gear up for 2024 - a big election year - it's hard not to think of James Carville's famous line from 1992, "It's the economy, stupid."
2023 on Track to Break Hottest Year Record, 2024 Could Follow
2023 is likely to become the hottest year on record, with a more than 99% chance of surpassing the previous record holder, 2016, according to climate scientists.
2023 Showcased Mixed Economic Shifts in the United States
In 2023, the U.S. economy saw a combination of positive and negative trends.
2023 Set to Break Records as Hottest Year Amidst Alarming Global Temperature Rise
2023 is almost certain to become the hottest year on record due to an extraordinary run of global temperature records, according to the EU's Copernicus Climate Change Service (C3S).
Expectations of Further Rate Hikes in 2023
Federal Reserve officials expect to raise interest rates further this year to combat excessive inflation in the United States, according to Chair Jerome Powell.
White House Launches Travel Blitz with Significant Infrastructure Announcement on Monday
The White House is set to launch a travel blitz next week, with officials visiting more than 20 states over a three-week period.
Trump's Spectacular Court Appearance: Rallying Supporters Amid Legal Challenges
Former President Donald Trump made a dramatic appearance as a criminal defendant in a federal court in Florida, pleading not guilty to 37 charges related to mishandling sensitive information and obstructing authorities.
Divided Perspectives: Uncertainty Plagues the US Trucking Market
Experts are divided on the state of the US trucking market, with some suggesting it's the right time to secure contracts while others anticipate more favorable deals in the future.
Imports for the first half of 2023 are projected to decline by 22% compared to the same period last year
According to the Global Port Tracker report by the National Retail Federation and Hackett Associates, import cargo volume at major US container ports is expected to be 22% lower in the first half of 2023 compared to the same period last year, despite increased consumer spending.
Logistics Managers Index (LMI) experienced a contraction in May
In May, the Logistics Managers Index (LMI) recorded a contraction, reflecting a slowdown in the logistics industry.
DHL is supporting Formula 1's commitment to achieving net zero carbon emissions
DHL and Formula 1 are partnering to enhance sustainable logistics by introducing a fleet of 18 biofuel-powered trucks for European Formula 1 races by 2023.
Surprising Surge in US Job Growth as Economy Adds 339,000 New Positions in May
US job growth defied expectations in May, with employers adding 339,000 jobs, surpassing the forecasted 190,000 jobs.
Anticipate Large Gatherings and Increased Prices for the Upcoming Summer Travel Season
As the summer travel season commences, travelers and airlines are looking for ways to navigate increased costs and high demand.
Trucking companies are expected to encounter a "modestly unfavorable" outlook
According to transportation analyst firm FTR, market conditions for trucking companies are expected to remain unfavorable into 2024.
Cross-Border E-commerce Thrives Despite Concerns Over Trade Growth
The 2023-2024 report on cross-border commerce reveals that cross-border e-commerce is becoming increasingly diverse and globalized.
January 2023 boasted a 10% increase in EV sales globally
Despite subsidies evaporating in China and fewer incentives available for EV owners in Europe, there has been a slight jump in sales early in the year.
UPS & Amazon’s relationship is getting complicated
Amazon has been a top customer of UPS, but 2023 will bring change on the horizon.
Incoming recession likely to come later in 2023 than expected
A large swatch of the country’s economists are anticipating a recession in the United States, but the date that comes to fruition is to be a little later than initially expected.
Cold food supply chains will deal with serious threats in 2023
Maintaining the required temperature throughout the entire supply chain can be a significant challenge.
Maersk expects a 2.5% drop in container shipping volume this year
CEO Vincent Clerc has cited “muted” economic growth as a reason for the decline, especially after exceptionally high freight rates have been normalized over the past two years.