Leaders of the U.S.’s largest companies plan to ramp up hiring in the coming months, as management teams eye regulatory rollbacks and the possibility of a tax overhaul. The Business Roundtable CEO Economic Outlook’s employment measure, which gauges chief executives’ hiring plans, rose to 80.2 in the third quarter of 2017, the highest reading in […]
U.S. retail sales are expected to accelerate during this year’s holiday season, a sign consumers will be more comfortable opening their wallets than in the aftermath of 2016’s tumultuous presidential election. The sales may climb as much as 4.5 percent to $1.05 trillion in the November-through-January shopping season, according to Deloitte LLP. That would outpace […]
Trade between the United States and Mexico would not end if the North American Free Trade Agreement (NAFTA) was terminated, Mexico’s foreign minister said on Friday, after a new U.S. plan emerged to build a five-year sunset provision into the treaty. In the shadow of repeated threats to scrap the deal by U.S. President Donald […]
Hurricane Irma’s arrival this weekend threatens to roil US supply chains and double truckload spot rates, with analysts and transport providers warning it could take up to six months to recover. Transportation providers are still reeling from Hurricane Harvey, the Category 3 storm that hit the US Gulf Coast two weeks ago. Category 4 Irma […]
General Motors Chief Executive Mary Barra likes to observe that the automotive industry will see more change in the next five years than it has in the last 50. That’s so true, and it applies to all forms of automotive transport, including trucking. Just look at some of the recent changes in transportation.
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 […]
Global parcel volumes surged 48% between 2014 and 2016 and are set to continue growing at double-digit rates, according to the second annual Parcel Shipping Index from technology company Pitney Bowes. Annual parcel volumes increased from 44bn to 65bn up to the end of 2016, and the growth curve shows no signs of slowing down, […]
The spike in freight rates for product tankers in the aftermath of the Hurricane Harvey is expected to be short-lived. Product tankers saw a 35-40 percent lift in spot rates since the hurricane made landfall on Texas on August 25, shutting down refineries. The tanker industry is taking advantage from the initial uncertainty caused by […]
The U.S. average retail price of diesel rose 4.4 cents to $2.802 a gallon on the heels of Hurricane Irma slamming into Florida on Sept. 10 and disrupting fuel supplies there. Diesel costs 40.3 cents more than it did a year ago, when it was $2.399 a gallon, the Department of Energy reported Sept.11.
Americans notched solid financial gains in 2016 for a second straight year after prolonged stagnation as household incomes rose, poverty fell and fewer people went without health insurance. The median U.S. household income increased 3.2% to $59,039, the Census Bureau said Tuesday. That followed a 5.2% increase in 2015, the largest on records dating to […]
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