Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
US households and lenders exhibit caution as non-revolving loans decline for the first time since the pandemic's onset, suggesting potential economic slowdown and looming recession fears.
The growth of US consumer loans witnessed a significant slowdown in May, with non-revolving loans like installment loans for car purchases and college tuition falling for the first time since the pandemic began. The decline indicates that both lenders and consumers are becoming more cautious amid increasing signs of an economic slowdown. This cautious behavior is likely in response to the rise in the benchmark interest rate, which is at its highest level since 2006, making borrowing more expensive for households already impacted by price inflation.
Source: Bloomberg
China's economic woes are compounding, with its consumer spending, property market, and exports hitting roadblocks. We dive into the challenges that China's economy faces and the potential global impact.
Explore the potential impacts of a federal shutdown on the freight industry alongside the significant fall in global trade.
US Postal Service data has revealed interesting patterns about people migrating from larger US cities to smaller ones during the
Examine the decline in U.S. consumer spending and confidence with insights from Fitch, BEA, BofA, and The Conference Board data, highlighting a potential upcoming recession.
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