The tax changes of 2017 caused some fleets to consider leasing as opposed to buying, and new accounting rule changes could have a similar effect, says Fleet Advantage.
The size of the US goods trade deficit with the rest of the world increased again in October, as a large decline in exports and a small gain in imports pushed the deficit near record levels. The total value of traded goods fell slightly during the month but is still considerably higher than at this point last year despite significant changes to trade policy.
This morning Fleet Complete, a global leader in connected vehicle technology and software, announced that it had been acquired by the Ontario Teachers’ Pension Plan, a large fund with $193.9B in assets.
Detroit tops list of places for online retail start-ups; climate change seen having a major impact on U.S. infrastructure.
Jubitz brings in about $40 million of the company’s $175 million annual revenues as the industry contracts and braces for tech and regulatory headwinds.
Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.
The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.
Trucking executive points to final mile delivery as draining driver pool, so think about that on Cyber Monday.
Upcoming summit could provide surprise deal, but acrimony and lack of consensus puts deal in doubt.
Retail activity posted the strongest gain in five months, as big gains in auto sales and rising gasoline prices helped to drive overall activity. Core spending grew at a more moderate pace, but the broad-based nature of the gains is encouraging headed into the holiday season.
Good times at U.S. ports not expected to last as world’s largest shipping line warns trade war will rear up at start of next year.
2018 may have seen tight capacity and the strongest economy on record since the Great Recession, but what will 2019 look like?
“We went through a period when growth of shipping was 2-3 times the growth in international economy. I don’t think those times are coming back.”
New York and Crystal City the big winners, of course, but Music City will house e-retailer’s operations center for the eastern U.S.
The Cass Truckload Linehaul Index reached another record high in October while the company’s Intermodal Price Index points to rising intermodal costs.
The U.S.-China trade war has brought misery to the thriving U.S. lobster industry, which is now feeling the heat of an additional 25% tariff that Beijing slapped on its live and processed lobster exports to China.
DHL hopes plan will attract new recruits to industry as shortfall looms.
China’s imports record strong third quarter with October data also suggesting more goods on the way.
Data on producer prices shows that overall inflation pressure jumped at the start of the 4th quarter, though core price gains were more modest. Industry detail showed that trucking rates posted another solid gain in October, with big gains in long-distance rates offsetting declines in LTL.
Lows water levels are seasonal, but this year has been record, impeding low-cost barges and favoring high-cost trucking.
