US Service Sector Growth Slows but Stays Strong in June

US Service Sector Growth Slows but Stays Strong in June

The US Services PMI decreased from 64 in May to 60.1 in June. While the growth rate slowed, it remained above the 50 threshold, indicating the service sector has been expanding for 13 consecutive months. Supply chain bottlenecks, labor shortages, and inflationary pressures may have contributed to the slowdown. The service sector remains a key driver of US economic growth. Continued monitoring of PMI trends is necessary to assess the sector's performance and its impact on the overall economy.

01/19/2026 Logistics Industry Insights
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SEKO Logistics Partners with Ridgemont to Boost Global Growth Tech

SEKO Logistics Partners with Ridgemont to Boost Global Growth Tech

SEKO has received an investment from Ridgemont Equity Partners to accelerate its global expansion and technology upgrades. Greenbriar Equity Group will continue its investment in SEKO, focusing on e-commerce, white-glove services, and freight forwarding. This new investment will help SEKO further enhance its capabilities and expand its reach in the rapidly evolving logistics landscape, allowing them to better serve their customers worldwide.

01/19/2026 Logistics
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Lufthansa Cargo Gains Market Share As Ecommerce Boosts Q2 Growth

Lufthansa Cargo Gains Market Share As Ecommerce Boosts Q2 Growth

Lufthansa Cargo experienced a significant increase in revenue and profit in the second quarter, driven by strong demand from e-commerce. Through a diversified business portfolio, strategic expansion, and the integration of ITA Airways, Lufthansa Cargo is actively increasing its market share and solidifying its leadership position in the European and global freight markets. Looking ahead, Lufthansa Cargo is expected to maintain its strong growth momentum, capitalizing on the continued rise of e-commerce and strategic initiatives.

01/19/2026 Logistics
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Saudi Riyal to Yuan Exchange Rates Stabilize Amid Trade Growth

Saudi Riyal to Yuan Exchange Rates Stabilize Amid Trade Growth

BigNumber Cross-border offers real-time and accurate Saudi Riyal to Chinese Yuan exchange rate conversion services, along with detailed exchange rate trend analysis and convenient currency conversion tools. We help you easily navigate cross-border payment challenges, reduce costs, and improve efficiency. Seize the best exchange opportunities to maximize profits and ensure your business runs smoothly in the global market. Our services empower you to make informed decisions and optimize your financial transactions when dealing with the Saudi Riyal.

01/20/2026 Exchange Rate Query
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White House Advisor Proposes Dual Strategy for Growth Inflation Control

White House Advisor Proposes Dual Strategy for Growth Inflation Control

Jared Bernstein, Chairman of the Council of Economic Advisers, interprets the current US economic situation from a 'freight perspective,' emphasizing a dual-engine strategy of 'stable growth and controlled inflation.' He focuses on trade structure, consumer spending, and supply chain resilience. While cautiously optimistic about the future of the US economy, he believes that the government, businesses, and the public must work together to achieve long-term economic prosperity. The administration is focused on mitigating inflation while maintaining a strong job market.

01/20/2026 Logistics Industry Insights
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US Service Sector Growth Cools in May Amid Employment Concerns

US Service Sector Growth Cools in May Amid Employment Concerns

The US Services PMI for May indicates a slowdown in growth, though the sector remains in expansion. Key concerns include a contraction in employment indicators and an accumulation of inventories. Experts suggest an uncertain economic outlook, but the resilience of the service sector provides support. Attention should be paid to inflation, the labor market, and adjustments in business inventories. The slowing growth coupled with inventory issues suggests potential headwinds for the broader economy despite the sector's continued expansion.

01/20/2026 Logistics Industry Insights
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US Rail Freight Declines Over Labor Day Longterm Growth Expected

US Rail Freight Declines Over Labor Day Longterm Growth Expected

According to the Association of American Railroads, U.S. rail freight and intermodal volumes decreased year-over-year in the first week of September, potentially due to Labor Day. However, year-to-date figures still indicate growth, with varying performance across different market segments. Rail freight faces challenges such as economic uncertainty and infrastructure bottlenecks, but also opportunities from e-commerce growth and manufacturing reshoring. Long-term, it's crucial to monitor trends and structural changes impacting the industry.

01/21/2026 Logistics
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US Rail Freight Dips Over Labor Day Longterm Growth Strong

US Rail Freight Dips Over Labor Day Longterm Growth Strong

Data from the Association of American Railroads shows that U.S. rail freight and intermodal volume declined year-over-year in the first week of September, influenced by Labor Day. The performance of specific commodity types varied, reflecting economic structural changes. Year-to-date cumulative data still shows growth, indicating a positive long-term outlook. Railroad companies need to address supply chain challenges and competition to seize development opportunities.

01/21/2026 Logistics
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US Rail Freight Dips Over Labor Day YTD Growth Holds

US Rail Freight Dips Over Labor Day YTD Growth Holds

According to the Association of American Railroads data, U.S. rail freight traffic declined in the week ending September 6, influenced by Labor Day. Carload and intermodal volumes both decreased year-over-year. Despite the weak single-week performance, cumulative volumes for the year remain positive. Future development is subject to multiple factors, including economic conditions, policy changes, and internal reforms within the rail industry.

01/17/2026 Logistics
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CSX Names Steve Angel As New CEO Amid Growth Push

CSX Names Steve Angel As New CEO Amid Growth Push

CSX Corporation announced Steve Angel as its new President and CEO, marking a new chapter for the company. Former CEO Joe Hinrichs has departed. Angel's appointment is seen as a key move for CSX to improve operational efficiency and market share. He will face challenges such as optimizing the operating network, enhancing customer service quality, and driving digital transformation. His leadership will be crucial to CSX's future development. The change signals a potential shift in strategy and focus for the railway giant.

01/21/2026 Logistics
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