Walmart proved to be the victim of its own success on Tuesday. The discount retailer’s shares plunged 10% (shedding $31 billion in market cap) after it unnerved investors by reporting a sharper than expected decline in online sales growth. (Most of that was to be expected as it come a year after its 2016 $3 […]
Canadians are borrowing against their houses at the fastest pace in more than five years, as home equity lines of credit (HELOCs) emerge as a preferred means of accessing funds.
Tight US truck capacity and rising rates marked the first quarter of 2018, and the outlook for the remainder of the year is more of the same, if not worse. That is the dilemma for shippers of perishable goods, especially food, who are seeing growing demand from buyers on the one hand, tempered by a […]
Council of Economic Advisors says “heavy trucks in particular do not currently face taxes and charges that are aligned with the negative externalities they generate.”
Big oil tankers sailing from the U.S. are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world’s top crude-buying region.
The solid start to the year for China’s economy remains intact amid distortions accompanying the long spring festival holiday, the earliest indicators for February show. Smaller enterprises have a more upbeat outlook, financial experts are increasingly optimistic and sentiment in the steel industry is recovering. Still, the week-long Lunar New Year holiday that ended Feb. […]
Trucking capacity is tightening faster than anticipated in the electronic logging era, as a messy start to the electronic logging device (ELD) mandate is making a bad situation worse for shippers, forcing the latter to pay more, speed up loading and unloading, and dig deeper into routing guides to find capacity. (This article requires a […]
Soaring freight rates, a shortage of big rigs and strong freight demand combined to make January’s heavy-duty truck orders the best since 2006. The strong economy and favorable new tax policy are encouraging motor carriers to make large fleet investment. Manufacturers received orders for 47,200 trucks in the heaviest Class 8 weight segment last month. […]
Freight demand and tax reform are boosting the industry, but dissolution of NAFTA could wipe that all out, notes ATA’s chief economist.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 10, 2018. For this week, total U.S. weekly rail traffic was 519,545 carloads and intermodal units, up 1.6 percent compared with the same week last year. Total carloads for the week ending February 10 were 251,058 carloads, down 0.5 […]
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