The Bureau of Economic Analysis (BEA) revised its Q2 real GDP (gross domestic product) upward to 4.6% from its previous revision of 4.2%. Consumer spending, which accounts for about two-thirds of the GDP, grew at an annual rate of 2.5%. Export sales also grew at a rate of 11.1% for Q2 which also helped boost the GDP.
The American Trucking Associations reported that August's truck tonnage index jumped 4.5% from the same period a year ago! The Institute of Supply Managers (ISM) manufacturing index of 59 was the highest since March 2011. Readings above 50 indicate expansion of our economy.
Quotable"You can never cross the ocean until you have the courage to lose sight of the shore."
- Christopher Columbus
Ramp/Dock Report: October 2014
The Association of American Railroads recently reported a record intermodal volume of 280,000 truck-rail shipments in the week ending September 13th. This is due to the higher international volumes and a steady increase in the domestic volume. With these increases, truck drayage capacities are stretched beyond even the peak days of 2008, before the crash of the U.S economy.
Cross-border trade via rail with Mexico has also increased by 12% year-over-year for the month of July. Absolute Intermodal offers trans-border service from El Paso, TX; Nogales, AZ; Douglas, AZ; San Luis, AZ to the Mexican states of Chihuahua, Sonora, Sinaloa and Baja California. Contact firstname.lastname@example.org for service and pricing.
Remember Absolute Intermodal's newest operating unit is "All Decks Intermodal" and will be offering 53' intermodal flat decks with Door-Door pricing from points in the U.S. Please contact us for more information and to receive pricing.
Lessons from the Past
Since 1970, the holiday has been fixed to the second Monday in October, coincidentally the same day as Thanksgiving in neighboring Canada. It is generally observed nowadays by banks, the bond market, the U.S. Postal Service, other federal agencies, most state government offices, many businesses, and most school districts. Canadian Thanksgiving; similar to the United States, has traditions such as parades and football. The Kitchener-Waterloo Oktoberfest and parade is the most widely known Thanksgiving Day parade in Canada, and is broadcast nationwide on CTV. The Oktoberfest is quite the event, with lots of food and drink and free bus service anywhere in the town proximity! The Canadian Football League holds a nationally televised doubleheader, the Thanksgiving Day Classic, (sounds familiar).
Question is, do the Canadians serve spaghetti and meat-balls or do the Italian-Americans serve turkey? OK to thank God and Columbus? Happy October!