Economy
March 30, 2017
Written by Sandy Williams
The Association of American Railroads finds in a new report that freight railroads are at risk from trade policies that curtail international trade.
In an assessment released Tuesday, the AAR said that at least 42 percent of all rail carloads and intermodal units and 35 percent of annual rail revenue are directly associated with international trade.
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To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).