The Fed announced today that it will allow $10 billion of Treasury and mortgage-backed securities to mature each month without buying new ones as it cautiously approaches the wind down to avoid another financial collapse.
Truck tonnage rose in August and driver turnover jumped in the second quarter according to the latest data from the American Trucking Associations.
The East Coast could see two back-to-back hurricanes hit over the next ten days. With an already-steteched national supply-chain, it will test our logistics infrastructure.
The trucking industry, working in partnership with major retailers and consumer package goods companies respond to the recent devastation by delivering much needed relief supplies.
The numbers are startling: 250,000 U.S. drivers fall asleep at the wheel each day; 83,000 drowsy-driving related crashes occurred between 2005 and 2009, and there is a drowsy-driving related crash every 25 seconds. For trucking companies, the costs can be staggering.
As Hurricane Irma continues to move through the Southeast, some of its impacts are now being assessed, and they are likely to disrupt operations for many for days and weeks to come.
A natural disaster can rarely be called a benefit, but there are positives for the transportation industry and its investors from the double hit the nation took from Hurricanes Harvey and Irma. From higher stock prices to higher rates, trucking may be poised to reap many benefits from the storms.
Warehouse facilities are a key component for logistic operations and managing the warehouse efficiently can have a noticeable impact on the bottom line. Reining in electricity costs, though, remains difficult. That’s why warehouse operators need options.
The U.S. House of Representatives defeated an amendment late Wednesday that would have restricted funding for the ELD mandate until at least Sept. 30, 2018. The amendment was added to an appropriations bill by Rep. Brian Babin (R-TX).
An already robust spot truckload freight market is now reacting to the effects of Hurricane Harvey, and with Irma on the horizon and wild fires burning out west, is now showing few signs of slowing down.
As larger items such as appliances and furniture are increasingly being purchased online, the need for more “white glove” delivery services is leading carriers to look at acquiring or partnering with companies that specialize in this area.
Hurricane Irma intensified overnight and is now a Category 5 hurricane in the Atlantic on a possible course for the East Coast of the United States. According to Riskpulse, interests along the East Coast, particularly Florida, should be closely monitoring the storm for potential impacts by this weekend.
Urbanization has been a constant since industrialization, but with the technology innovations of the past thirty years- that is changing.
Amazon wasted no time in starting a pricing war in the grocery business. Like the book retailers and other categories that Amazon has entered- they have proven that this strategy builds consumer loyalty and lays to waste the competitors that dominate those markets
Grain supplies have been trending up in the U.S. as prices have remained relatively stable, causing farmers to hold onto their crops longer hoping for a boost in prices. Hurricane Harvey, though, is making the situation worse as grain exports have nearly stopped.
TransRisk, a pioneer of solutions designed to allow transportation industry participants to efficiently manage price risk in the North American freight transportation market, has added nationally recognized transportation markets leader Donald Broughton to its team.
There remains plenty of industrial activity to support continued strength for the general economy and freight demand in particular, says Jonathan Starks of FTR, in the firm’s August market analysis.
The Shippers Conditions Index has improved slightly in August, although it remains in negative territory, according to the latest update from FTR. At the same time, DAT reported a decline in capacity last week on the spot market, which occurred before Hurricane Harvey struck Texas.
Harvey is the kerosene to accelerate the trends towards a major capacity crunch in the truckload industry. With as much as ten percent of capacity being impacted, combined with surpluss demand coming from relief and rebuilding- the truckload market capacity is expected to be super tight
Cummins has unveiled a Class 7 electric powertrain that will power Class 7 trucks by 2019 and could recharge in as little as 20 minutes.
