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 […]
Apple Inc. fell the most in five months after forecasting a sales decline for the first time in more than a decade, adding to evidence that the market for smartphones is becoming saturated and that expansion in China is no longer enough to maintain the company’s unprecedented run of growth.
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 […]
Home prices in 20 U.S. cities rose at a faster pace in the year ended November, underscoring the shortage of supply amid steady demand. The S&P/Case-Shiller index of property values in 20 cities increased 5.8 percent from a year earlier, the biggest advance since July 2014, a report from the group showed Tuesday in New […]
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 […]
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