Economics

Indiana-based Cummins Inc. (NYSE: CMI) reported higher revenue and net income, but the power technology company’s second quarter earnings came in below analysts expectations. Cummins posted second quarter earnings of $4.27 per share, up from $3.32 in the second quarter of 2018, but below the $4.41 average estimates from analysts.   The company’s stock is taking […]

How will Pittsburgh Airport build on its air cargo success so far?

Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler.  She gets dressed, drives her Peterbilt truck to one of the dozens of frac mines around the Permian Basin, is loaded with 50,000 pounds of sand, drives 100 miles or more through crowded bumpy roads and finally delivers […]

Donald Broughton writes that as goes the freight sector goes the economy in this commentary.

Ben Thrower writes about nearshoring manufacturing, which has gone on for decades. He also writes about the potential for nearshoring services, a new opportunity for both U.S. and Latin American businesses.

One market’s strength is actually good news for truckers, who would benefit from the construction of lots of scrubbers.

GDP growth slowed to a 2.1 percent pace in the second quarter, as strengthening consumer spending was offset by weakness elsewhere

Indiana-based Steel Dynamics Inc. announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new mill is strategically located for the southwestern United States and Mexican markets, the company said in a statement July 23. Steel Dynamics is one of the […]

Southwest Airlines posted second quarter adjusted earnings of 70 cents per share, beating Wall Street estimates of 61 cents per share. The small profits for Dallas-based Southwest Airlines came despite reporting a $175 million operating loss due to canceled Boeing 737 MAX flights, representing the loss of about 5 percent of its fleet.   Southwest Airlines’ […]

Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.

Report asserts industry needs to hire 1.1 million new drivers over the next decade.

Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent decrease in second quarter net income to $1.62 billion, or $2.83 per share, compared with $1.71 […]

Boris Johnson will become the Prime Minister of the U.K. today, and will be assuming responsibility for the nature of the U.K.’s exit from the European Union.

Jim Blaze writes about the pros and cons of shippers owning or leasing their own freight railcars to move their products.

Ecommerce continues to grow and Amazon and its competitors continue to innovate and grow. Read insight into the phenomenon by Anothy Smith.

BRP Inc. recently expanded the capacity at two of its production facilities in Mexico, where it builds its powersport and personal watercraft vehicles. The Quebec-based company’s increased production comes at a time when the market for recreational powersport and water-sport vehicles is estimated to grow from $11 billion in 2018 to $14.5 billion by 2025, […]

Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.

As many as 50,000 angry farmers throughout Mexico blocked highways and an international bridge along the Texas-Mexico border on July 17 in protest of the government of President Andres Manuel López Obrador.  The Mexican farmers’ protest spread over 42 locations in some 23 Mexican states throughout the country, including an eight-hour blockage of the commercial […]

After decades of planning and discussion, freight traffic could finally have an alternative highway loop around Dallas that saves them from bottlenecks along Interstate 35. The Loop 9 project will add a connection between two interstates in south Dallas – I-35 East and I-45 East. Dallas County Judge Clay Jenkins has made the project a […]

Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019.  The majority of those vehicles – 1.37 million – were shipped north across the border to the United States, according to data recently released by Mexico’s Asociacion Mexicana de la Industria Automotriz (AMIA).  “The United States remains, without a […]