A uniform increase in the gate hours of the major terminals at the Port of New York and New Jersey is needed to handle the expected surge in thousands of containers loaded on and off mega-ships, industry leaders argue. Although turn times have improved at the port, the terminals and trucking community will not be […]
Transportation and logistics bellwether FedEx yesterday announced rate increases for various business lines, including FedEx Express, FedEx Ground, and FedEx Freight, which will take effect on January 1, 2018.
On Sept. 13, Senator John Thune of South Dakota (R), will convene a Senate Commerce Committee hearing to examine the potential benefits and impacts of automated commercial vehicles. Titled “Transportation Innovation: Automated Trucks and Our Nation’s Highways,” the hearing will look at the benefits of automated truck safety technology as well as the potential impacts […]
Manufacturers and wholesale distributors are optimistic about the perceived impact of the Trump administration’s plans for trade deregulation on their businesses, according to new research commissioned by business software provider Exact. Sixty-three percent of respondents anticipate that the plans will be beneficial to their businesses.
When Congress returns from its August recess Tuesday, Sept. 5, there will be two pieces of legislation seeking a delay of the electronic logging mandate waiting on them. Rep. Brian Babin, R-Texas, has introduced both a standalone bill and an amendment to an omnibus appropriations bill seeking delays of the logging mandate.
Texas lawmakers acted earlier this year to adopt changes to truck rules that include platooning, truck enforcement, and size and weights. The changes took effect on Friday, Sept. 1. One new law covers permits for oversize and overweight loads in Chambers County. State law already permits oversize and overweight vehicles along state Highway 99 between […]
U.S. consumer spending rose slightly less than expected in July and annual inflation increased at its slowest pace since late 2015, which could diminish expectations of an interest rate increase in December.
U.S. crude oil prices are on track to post the steepest monthly losses in more than a year on Thursday as concerns spread over falling demand in the world’s top oil-consuming country after storm Harvey knocked out almost a quarter of its refineries.
Investors rediscovered a taste for the dollar and commodities on Thursday, as upbeat Chinese and U.S. economic news whetted appetite for riskier assets globally, while tensions over North Korea simmered in the background.
U.S. house prices are forecast to rise by a cumulative 10 percent over this year and next, driven by a scarcity of new homes, low interest rates and steadily-increasing demand, a Reuters poll of property market analysts showed.
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