The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives. TCP said that “despite tempered expectations” most of the respondents “remain optimistic that 2016 will bring solid growth for their companies.”
Purchases of new homes in the U.S. surged in December to the highest level in 10 months, closing out the best year for housing since 2007. Sales jumped 10.8 percent last month to a 544,000 annualized pace, a Commerce Department report showed Wednesday. The Bloomberg survey median called for a 500,000 rate. For all of […]
The economy is expected to continue to expand at a pace slightly above trends for 2016, according to Bill Strauss, senior economist and economic adviser, Federal Reserve Bank of Chicago. Speaking in Las Vegas at Heavy Duty Aftermarket Dialogue Monday, Strauss talked about a number of factors affecting the economy and offered his thoughts on […]
Saudi Arabia’s state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel is not sustainable.
The acting administrator of the Federal Motor Carrier Safety Administration told a Senate panel that the mandated study of the effectiveness of the agency’s Carrier Safety Accountability scoring program is slated to begin next month.
Last year was the trailer industry’s best shipment year in history, edging out the previous record set in 1999, according to an ACT Research report. Despite slower trailer orders in December, which fell 31% month-to-month and 38% year-over-year, ACT also believes the solid trailer-order trend will continue, though volume may not reach last year’s levels.
Following up on last fall’s successful campaign to include a port performance statistics program in the federal long-term surface transportation bill, the National Retail Federation is leading a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation.
Spot truckload freight activity increased sharply during the first full week of 2016, as rates also improved or held steady – while a separate report shows December was better than the month before. According to the freight matching service provider DAT Solutions, which operates the DAT network of load boards, despite a 2-cent decline in […]
Trade and transport analysts see a negative market outlook worsen, though some contend that this trend could be reversed later in the year. Meanwhile, logistics managers should brace for a volatile period of rate fluctuation.
Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1 percent of its global revenue.
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