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 Retail Industry Leaders Associations just named nine new members to its board of directors, including six CEO’s from some of the biggest names in retail. Joining the RILA board for the first time were CEO’s from J.C. Penney (Marvin Ellison) Foot Locker (Richard Johnson), PetSmart (Michael Massey), The Home Depot (Craig Menear), Michaels (Chuck […]
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 […]
Just as Class I railroads announce service has finally recovered to 2013 levels, harsh winter weather is testing their improved train speeds and dwell times. A winter storm swept across the U.S. Midwest and Northeast early this week, blizzard-like wind and snow creating near white-out conditions Tuesday. (This article requires registration at the Journal of […]
Retail sales dipped last month on low gasoline prices and a slowdown in auto sales, and a key measure was flat despite strong job growth. Sales fell 0.1%, the Commerce Department said Friday, in line with economists’ estimates.
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.
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