Restated, US real GDP was down 0.7% for the first quarter 2015 from the previously report increase of 0.2%. This has caused the forecast for the second quarter 2015 to be lowered to just 2.0% growth.
The Conference Board Consumer Confidence Index®, which had declined in April, increased moderately in May. The Index now stands at 95.4 (1985=100), up from 94.3 in April.
Quotable"Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved"
- William Jennings Bryan
Ramp/Dock Report: June 2015
Absolute Intermodal has been involved in Mexico trans-border business since our inception. We are the leading regional carrier for service into Chihuahua from El Paso, Sonora and Sinaloa via Nogales, San Luis and Douglas Arizona. Mexico is rapidly expanding its middle class and higher education which has resulted in a dramatic increase in the value of goods crossing either direction by over 9 %. Much of this increase is due to Mexico becoming one of the largest auto manufacturing countries by total units built! Please allow us to help direct and price your intermodal moves to and from Mexico. firstname.lastname@example.org.
The continuing congestion and slow gate turn times in the Ports of Los Angeles and Long Beach are about to be impacted again due to the ILWU recently signed contract mandating longshore mechanics inspecting chassis prior to leaving the terminals. The American Trucking Associations has indicated that it may seek Congressional help or possibly legal action to avoid any further potential loss of productivity for harbor dray companies.
Southern California dray carriers are pushing for more continuous hours of operation. Every time that a terminal closes for lunch or the hour between the first shift and the night gates, the cargo handling flow is severely disrupted and the rhythm is lost causing the dray carriers further delays. Most would like to see 24/7 operations to help the efficiencies, but most agree that will not happen!
Lessons from the Past
This time of year is often referred to as "the dog days of Summer". With my curiosity piqued, it was time to go back to the priceless book of worthless trivia to reveal the source of this term. Our loyal readers will continue to read on, while others will say 'Phooey".
In the summer, Sirius, (same as the satellite radio) is the brightest star in the constellation Canis Major, (the Big Dog). Sirius is also the brightest star in the late July and early August sky. It is so bright that the ancient Romans thought it sent heat down upon the earth. Hence, these warm times of summer got their name, "the dog days of summer" to which we can attest to here in Phoenix, where today's temperature is 107 degrees with relative humidity of 6%!