U.S. oil production surged above 10 million barrels a day for the first time in four decades, another marker of a profound shift in global crude markets. The milestone comes weeks after the International Energy Agency said the U.S. is poised for “explosive” growth in oil output that would push it past Saudi Arabia and […]
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics. Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.
A measure of contract signings to buy existing U.S. homes rose in December for a third month, giving sales some momentum at the start of 2018, according to data released Wednesday by the National Association of Realtors.
U.S. factories maintained momentum in January, buoyed by rising demand for equipment, in the latest sign companies are stepping up investment spending. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
Michigan Governor Rick Snyder (R) believes the transportation of people and goods both stand to gain “tremendous opportunities” as a variety of technologies – from electric powertrains to automated driving systems – “transform the world of mobility as we know it.”
The American Trucking Associations supports President Trump’s call for a sweeping plan to repair the country’s highways, bridges and other infrastructure. But, it disagrees with a document leaked earlier this week that is said to outline the administration’s plans to increase tolls to pay for much of the work.
Canadian National Railway said net income increased by 156% to C$2.61 billion ($2.12 billion) in the fourth quarter from a year ago while earnings per share soared by 164% to C$3.48 ($2.82) on changes to the U.S. corporate tax rate that saw a deferred income tax recovery of C$1.76 billion, or C$2.35 per share.
The majority (56%) of airline chief financial officers and heads of cargo expect their profitability levels to improve further over the coming 12 months. An early January 2018 survey for the IATA Airline Business Confidence Index saw the passenger and cargo executives indicate an improvement in year-on-year profitability in the final quarter of 2017 compared […]
Shippers may blame the electronic logging device mandate (ELD) for supply chain problems, but the ELD mandate has supply chain issues of its own. The biggest regulatory change for trucking in decades hit a few road bumps after its Dec. 18 rollout. Some of those bumps were expected, but the mandate has had unexpected consequences […]
As shippers and brokers deal with a shortage of trucks to carry freight, small-business truckers are poised to make more than they have in years. It’s a big turnaround from recent years, when there wasn’t enough freight demand to fill up all the nation’s trucks and drivers struggled to get attractive rates.
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