The trucking industry is finally on the precipice of what will be the final leg of the electronic logging device (ELD) mandate implementation, which will go into effect on December 16. With that, the Federal Motor Carrier Safety Administration (FMCSA) will expect every truck running on American roads to comply with the mandate and have […]
U.S. service companies grew at a faster pace in October after sinking to a three-year low in September. The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its service index grew to 54.7% last month, up from 52.6% in September. Any reading above 50 signals growth.
U.S. manufacturing output slumped in October by the most in six months as an auto workers’ strike at General Motors Co. curtailed vehicle production and the trade war continued to weigh on other factories. The 0.6% decline in output followed a 0.5% decrease the previous month, Federal Reserve data showed Friday. Excluding the 7.1% drop […]
The U.S. trade deficit with its global partners contracted to $52.5 billion in September as the White House continued its efforts to close the gap in goods and services, according to a Commerce Department report Tuesday. The deficit was slightly above expectations of $52.2 billion, according to economists surveyed by Dow Jones. August’s shortfall was […]
U.S. consumer confidence dipped slightly in October as worries over business conditions and employment prospects ticked up, according to data from The Conference Board released Tuesday. The Conference Board’s consumer confidence index slipped to 125.9 this month from a September reading of 126.3. Economists polled by Dow Jones expected a print of 128.
US employment was more resilient than expected in October despite the impact of strike action at General Motors. Companies added 128,000 new jobs, ahead of a forecast 85,000 rise, during a month when thousands of workers walked out at the carmaker. The unemployment rate edged up slightly to 3.6% from 3.5% in September, which had […]
America’s gross domestic product grew at 1.9% in the third quarter, a slight decrease from the previous quarter’s 2% growth. Consistent consumer spending, federal and state government spending and improvement in the housing market offset a decline in business and private investments, according to a report from the Bureau of Economic Affairs.
Airports will play an increasingly important role in air cargo supply chains as lead times become increasingly shorter. Speaking at the Air Cargo Americas event in Miami, Sao Paulo’s GRU Airport chief executive Gustavo Figueiredo said that the role of airports in the air cargo has changed completely over the last ten years because supply […]
Intermodal container shipping spot rates averaged $0.07/mile higher in October versus September, while national longhaul van rates fell $0.03/mile on average — important to note the intermodal rate includes fuel, while the trucking rate does not. Intermodal is the term used in transportation for shipping containers that can move via rail or on the chassis […]
The Association of American Railroads (AAR) and the American Short Line Regional Rail Association (ASLRRA) are seeking modifications to the existing hours of service (HOS) regulations which they say will help the railroads improve their response to unplanned rail events such as derailments. The two groups said the existing mandate limits the railroads to respond […]
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