The Bureau of Economic Analysis, in its second estimate of GDP, announced that real gross domestic product grew at an annual rate of 2.3% in the fourth quarter of 2024, compared 3.1% growth in the previous quarter. Consumer goods (vs. services) spending rose 6.1%.
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Mediterranean Shipping Co. is planning to switch all of its 19,200-TEU to 24,300-TEU “megamax” ships from the Asia-North Europe trade lane to the Asia-Mediterranean and Asia-West Africa corridors, according to Alphaliner. While the world’s largest container line adjusts its global network to support life as a
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Boosting Advocacy Efforts, Industry Profile Among Top Priorities New Intermodal Association of North America CEO Anne Reinke wants to elevate the industry’s profile and Capitol Hill presence. But before she makes any moves, she’s going to learn the ropes. “One of the things that I read years ago — actuall
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Container spot rates from Asia to the United States in the remaining weeks of 2024 are spiking to highs not registered since the December of the first year of the pandemic-driven rush. Imports are surging ahead of a January strike threat on the US East and Gulf coasts and thanks to a compressed post-holiday shipping sc
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Chinese energy producer Goldwind will be supplying both members of the Gemini Cooperation with green methanol from 2026. Hapag-Lloyd will receive 250,000 tons per year in a deal signed this week while its partner Maersk will get 500,000 tons a year according to an agreement made last year. The green methanol will co
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Union Pacific Railroad is building an intermodal terminal on existing UP property west of downtown Kansas City, Missouri. Construction is underway on the terminal, which will serve domestic and international containerized shipments of grains, consumer goods, refrigerated products and pet foods, UP officials announce
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