Non-manufacturing growth remains solid in April, reports ISM

With a less than one percent decline from March, April non-manufacturing activity was close to flat, according, to the Non-Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM). The index ISM uses to measure non-manufacturing growth—known as the NMI– fell 0.6% to 55.5 in April (a reading of 50 or higher indicates growth is occurring), following a 3.6% decline from February to March. Source: logistics Mgmt

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U.S.-bound retail container volume set new record, says Port Tracker

Port Tracker reported that U.S.-based retail container ports handled 2.04 million TEU (Twenty-Foot Equivalent Units), in October, the most recent month for which data is available, which was up 9% compared to September and up 13.6% annually. This marks the single highest volume month since the Port Tracker report began tracking retail container import volume in 2000. Source: logistics Mgmt

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