A new trucking advocacy group is trying to buff up and modernize the image of the 7 million Americans involving in the domestic trucking industry.
GAO report details cost of food aid shipping requirements
The U.S. Government Accountability Office (GAO) said in a report issued Friday that cargo preference for food aid (CPFA) requirements increased the overall cost of shipping food aid by an average of 23 percent between April 2011 through fiscal year 2014, or $107 million over what the cost would have been had had cargo preference […]
Consumer Prices Drop in August Triggered by Declining Cost of Gasoline
Prices paid by American households declined in August as cheaper gasoline helped keep inflation below the objective of Federal Reserve policymakers.
Truckload rates up for sixth straight month
Truckload rates increased 3.7 percent in August 2015 compared to August 2014 following year-over-year increases of 3.6 percent in June and July, according to the latest Cass Truckload Linehaul Index.
U.S. Productivity Increases at 3.3% Pace in Second Quarter
WASHINGTON—U.S. worker productivity advanced this spring, reflecting a bounce back in economic activity following a slow start to 2015. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
U.S. Oil widens distribution and supply footprint with Indianapolis terminal acquisition
Appleton, Wis.- U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc., announced today that it has acquired a refined products terminal in Indianapolis, Indiana. The new terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
U.S. Construction Spending Hits a New Postrecession High
U.S. construction spending rose to the highest level in more than seven years in July, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
Truck safety and new technology: What the Future Holds for Fleets and Drivers
Heavy truck accidents account for 3,800 fatal crashes a year, 3,900 deaths annually, 100,000 injuries, and 13% of all traffic fatalities. That’s according to Daniel Blower, an associate research scientist at the University of Michigan’s transportation Research Institute.
Interest in nearshoring remains strong, but trend may be slowing
Many executives are attracted to the potential cost savings of moving production closer to the end market. But concerns about safety, security, and the availability of skilled labor in these locations are giving some pause
Truckers ready new driver pay hikes as peak season looms
With freight tonnage increasing in July, and the fall peak shipping season looming, trucking companies are readying another round of truck driver pay increases. Freight demand may not be as strong as a hear ago, but the need to secure drivers remains a key pressure point in discussions of truck capacity and truck pricing. (This […]