In the first week of the year, diesel prices continued to rise, extending a 6-week streak of increases, according to the latest numbers from the Energy Department. The average price of on-highway diesel fuel in the U.S. increased 1.1 cents last week, rising to $2.597 per gallon at the pump. The price is now 42 […]
America brings in lots of cars and auto parts from Mexico. It’s by far the No. 1 good shipped north of the border. If you take away those shipments, the U.S. wouldn’t have a trade deficit with Mexico. The U.S. imported $78 billion of cars and auto parts in 2015 from Mexico. America’s overall trade […]
In so many ways 2016 was an unprecedented, volatile and, for some, excruciating 12 months. And the housing market was not immune to the year’s whims. At the start experts anticipated a pick up in building activity, instead builders are still not producing enough homes. Meanwhile, home prices appreciated beyond expectations and mortgage rates toyed […]
While the federal government’s electronic logging device mandate is likely shielded from interference from President-elect Donald Trump, Republican control in Washington gives the industry hope for a loosened and more accountable regulatory environment, industry groups said in recent weeks.
Uneven truck tonnage patterns continued in 2016, according to data issued this week by the American Trucking Associations (ATA). Seasonally-adjusted (SA) for-hire truck tonnage in November at 142.4 (2000=100) was up 8.2 percent compared to October, following a 0.3 percent October dip from September.
Elaine Chao is no new face to Washington circles and has a track record of rolling back regulation and a pro-business reputation. Her pro-business approach could be a big win for motor carriers that have faced a laundry list of regulations that although aimed at increasing driver safety, threaten to tighten capacity and increase shipping […]
Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump. Diesel will rise 16.5 percent, with an average price of 17.05 pesos per liter.
Boeing expects China to become its first trillion-dollar market. It projects the country would need more than 6,000 new commercial airplanes to accommodate its expanding aviation needs for the next two decades. In 2016, China bought 164 airplanes from Boeing, amounting to about $11 billion, and making the country its largest customer. Boeing hopes to […]
The American Truck Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index spiked 8.2% in November, recovering from a slight 0.3% dip in the month before. The Truck Tonnage Index equaled 142.4, up from 131.6 in October and only slightly down from the all-time high reading of 144 from February of this year.
The holiday shopping season is often a peak for retailers’ sales. But the flipside to that boom is it leads to peak returns season – costing retailers billions to handle unwanted, used or damaged goods each year.
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