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Retailers And Shippers Still In The Dark Despite Shutdown Deal
Friday, January 25, 2019 - 9:01pm | 531Despite the temporary end to the government shutdown announced late Friday, the U.S. Census Bureau failed today to release its report on manufacturers' durable goods shipments, inventories, and orders for the month of December 2018. "If you're a shipper, you likely use the data...
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Government Shutdown Takes Toll On Safety
Friday, January 25, 2019 - 6:58pm | 821The ability to prevent a catastrophic freight accident took a serious hit during the 35-day partial government shutdown as agencies in Washington, D.C. tasked with regulating safety struggled to operate with limited personnel. President Trump announced today he would reopen the government for three...
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Stock Market Gets Lift On Deal To Reopen Govt.; Positive Trade, Fed News Also Help
Friday, January 25, 2019 - 6:48pm | 2137Stocks finished the week on a high note as cautious optimism from earlier in the week ended with solid gains. Buying momentum continued amid news of a deal to temporarily reopen the U.S. government, positive commentary from the administration on the U.S.-China trade front, and a report that the Fed...
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Delays At LaGuardia, Newark, Philadelphia Concern Air Freight
Friday, January 25, 2019 - 4:09pm | 575The Federal Aviation Administration (FAA) announced on Twitter on Friday morning that delays would affect LaGuardia International Airport and Newark Liberty International Airport due to the effects of the government shutdown, potentially delaying air cargo operations at these airports. "My...
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EUR/USD Forecast: Only A Dead Bounce As Downside Risks Dominate
Friday, January 25, 2019 - 12:28pm | 625EUR/USD is trying to recover after suffering from USD strength. A light calendar allows sentiment to make its mark. The technical picture is bearish for the pair. EUR/USD stabilizes above 1.1300 after dipping below the round number late on Thursday in a volatile session. However, the move up from...
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Market Looks To End Week On High Note Amid Potential Progress On Ending Shutdown
Friday, January 25, 2019 - 12:03pm | 1790U.S. market participants awoke to a trio of positive news tidbits touching on the partial government shutdown, trade war, and Fed policy even as sentiment from a largely positive earnings season continued to provide momentum. On the political front, senators from both sides of the aisle said they...
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USD/CAD Forecast: Canadian Data Curbs CAD's Enthusiasm, GDP Eyed
Friday, January 25, 2019 - 11:15am | 898USD/CAD advanced on weak Canadian data, as oil failed to advance. Canadian GDP stands in a week dominated by the Fed. The technical picture is mixed for the pair. This Was The Week: Weak Data All Around The Canadian Dollar was on the back foot as data missed expected. Manufacturing Shipments fell...
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Port Report: Charleston Looks To Relieve Truck Traffic With Barge Service
Thursday, January 24, 2019 - 1:05pm | 827South Carolina's Charleston region is the latest coastal city looking to tap underutilized waterways for moving freight, and hopefully find more success than earlier projects. The Port of Charleston is looking to add a wharf space to the Wando Welch marine terminal for loading marine containers...
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EUR/USD Forecast: Pressured By PMIs, Fearing Draghi's Drag
Thursday, January 24, 2019 - 12:14pm | 528EUR/USD is retreating from the highs it reached on Wednesday. All eyes are on the European Central Bank. The technical picture is mixed for the pair. EUR/USD is trading above 1.1350 but retreats from its previous attempts to break above 1.1400. The US Dollar is gaining a bit of ground across the...
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Market Seems Generally Pleased With Earnings Results, But Geopolitics Still Weigh
Thursday, January 24, 2019 - 11:58am | 1483Earnings reports from major companies seem to generally be providing a positive counterpoint to ongoing geopolitical anxieties. But market gains have been slight as concerns about global economic growth linger as the U.S.-China trade war shows little sign of a resolution, the U.S. government...
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Unpaid Coast Guard Workforce Slows Maritime Business
Thursday, January 24, 2019 - 10:41am | 750U.S. vessel construction, sales, repairs and financing – and the transportation economy that relies on them – are caught in the fallout of the partial federal shutdown that's now over a month long. Along with actual U.S. maritime operations – which is becoming increasingly...
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Today's Pickup: Markets Mixed; Stock Futures Rise; Shutdown Having Big Impact On U.S.
Wednesday, January 23, 2019 - 1:03pm | 800Good day, Overnight the MSCI Asia Pacific Index slid 0.4 percent while Japan's Topix index closed 0.6 percent lower despite the Bank of Japan's relatively dovish monetary policy update, according to Bloomberg. In Europe, the Stoxx 600 Index was 0.1 percent higher at 5:50 a.m. as the...
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Hours Of Service Rule Victim Of Government Shutdown
Tuesday, January 22, 2019 - 6:30pm | 619The Federal Motor Carrier Safety Administration's (FMCSA) ambitious goal to get a final rule on hours-of-service (HOS) in place within a year of its initial announcement is in jeopardy as the government shutdown passed the one-month mark. While FMCSA itself is up and running (it receives its...
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Wakeup Call: World, China Growth Data Fail To Impress, Pushing Down Global Markets
Tuesday, January 22, 2019 - 11:18am | 1960After a long, snowy weekend across much of the country, a shortened week kicks off with the financial wheels still spinning on some icy patches despite this month’s sparkling stock market rally. Some of the slippery spots early Tuesday included a softer global economic growth forecast...
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EUR/USD Forecast: Recovering, But Only Within A Downtrend Channel, Selling Opportunity?
Monday, January 21, 2019 - 11:21am | 406EUR/USD is ticking up below the 1.1400 level in the wake of a new week. Chinese related headlines dominate as the US is on holiday. The technical picture is bearish for the pair. EUR/USD kicks off the new week with a gentle move toward 1.1400, trading within a limited range. China reported an...