North American freight shipments rose modestly in September, a month usually associated with a peak season increase. This month's 2.2-percent increase can be attributed, however, more to contingency planning for the anticipated International Longshoreman's Association (ILA) dock workers strike than to a seasonal surge in orders. Although federal mediators stepped in at the last minute and negotiated a three-month extension to continue talks, many shippers had already scrambled to re-schedule October shipments for September. The alternative, should the strike have occurred, was to reroute goods to the West Coast, where carriers were charging strike surcharges ranging from $300 to $1,000.

The TT Club, a mutual insurance association, urged all participants at the International Maritime Organization's session on Dangerous Goods, Solid Cargoes and Containers to redouble their efforts to come up with a global regulation to verify the weights of containers.

Economic activity in the manufacturing sector expanded in September following three consecutive months of slight contraction, and the overall economy grew for the 40th consecutive month, according to the nation's supply executives in the latest Manufacturing ISM Report On Business.

Deloitte is forecasting holiday sales will increase between 3.5 percent and 4 percent as the economy's health and the presidential election take center stage among consumers this fall.

Staples announced a strategic growth plan that will accelerate the growth of its online businesses, restructure its internal organization and reduce its retail square footage in North America by 15 percent by the end of fiscal 2015. The retailer projects these changes will produce approximately $250m in pre-tax cost savings during this period.