Containers at the ports of Los Angeles and Long Beach waited an average of 2.8 days for handling in November, the shortest dwell time since July 2020.
The Port of Houston, the U.S. Gulf Coast’s busiest port, reported an 11% jump in container volumes in November, bucking a trend of year-over-year declines at other major U.S. ports. Demand for steel imports slowed, while auto imports soared 141% year over year.
U.S. trucking conditions hit an 18-month low in October, while a gauge of for-hire tonnage saw its largest monthly decrease of the pandemic in November, according to the American Trucking Association.
An Australian government report says congestion and delays continue to disrupt operations at the country’s ports.
The euro area’s index of consumer confidence rose slightly this month, continuing its recovery from an all-time low in September:
Canadian retail sales rose by 1.4% from September to October, the biggest gain in five months, new data shows.
Orders for Taiwanese exports, a bellwether of global tech demand, tumbled 23.4% in November from a year earlier, the largest annual decline since March 2009:
The World Bank approved an additional financing package totaling $610 million to address relief and recovery in Ukraine. The U.S.’s latest spending bill would direct an additional $45 billion to the country.
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