The Dow Jones Industrial Average plowed past 26,000 as optimism over corporate earnings turbocharged the equity bull market. Gains in companies from Boeing Co. to Caterpillar Inc. lifted the index for American blue chips past the round-number milestone just 12 calendar days since it topped 25,000. The run between 1,000-point milestones was the fastest in […]
Walmart’s decision to close 63 Sam’s Club stores on the same day it announced raises for its hourly workers was a poor one, to say the least. But its decision to shutter those underperforming club outlets and convert 12 of them to e-commerce fulfillment centers, industry observers agree, was tough but necessary.
The heavy-duty truck business roared back last year as an improving economy and growth in manufacturing spurred freight demand. Sales of trucks in the heaviest Class 8 weight segment surged 59 percent to 296,440 vehicles in 2017, according to ACT Research.
Research firm FTR Transportation Intelligence said that preliminary net trailer order numbers fir the U.S. reached an all-time high of 47,000 units in December, which is 10% above November’s numbers and up 38% year-over-year. When finalized, December’s orders are expected to exceed the previous high of 45,800 reached in October 2014, with total trailer orders […]
BNSF Railway Co. is striving to incorporate a number of emerging technologies throughout the railroad to boost productivity, increase efficiencies and cut costs. Among them: tablets for field workers. The handheld devices help speed up tasks and enhance information accuracy.
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
China’s economic growth is expected to have slowed slightly in the fourth quarter from the previous quarter, a Reuters poll showed, as the government extended a crackdown on debt risks and factory pollution. Policymakers in the world’s second largest economy have been trying to contain financial risks and slow an explosive build-up in debt without […]
Growth in imports at the busiest US container ports for retail goods is expected to tick up slightly this month before rocketing in February and then easing in March and April, the National Retail Federation (NRF) and Hackett Associates said in their monthly Global Port Tracker report. (This article requires a subscription to the Journal […]
Delivery times are being rescheduled, capacity is tightening, and confusion is growing. In its latest blog, DAT Solutions reached out to truck drivers, motor carriers, shippers and freight brokers to find out how their businesses are being affected by the electronic logging device (ELD) mandate.
Four more trucking groups and fleets are asking the Federal Motor Carrier Safety Administration for five-year exemptions from the electronic logging device mandate that took effect last month. They include: Trash hauling and recycling fleet American Disposal Services (ADS) Oilfield service fleet Cudd Energy Services (CES) Agricultural Retailers Association (ARA) Association of Energy Service Companies […]
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