LNG growth expected to double by 2040; shipment volumes in U.S. plunge y-o-y; grocers take control of shelf space.
Continental North America recently announced it will build a 215,000-square-foot manufacturing and research facility focused on technology for autonomous driving in New Braunfels, Texas. Construction on the $110 million plant is scheduled to begin later this year with production starting in 2021. The plant will employ around 575 workers and produce products for Continental’s advanced […]
Manufacturing outlook: The coming week will give some insights into the outlook for manufacturing activity in the Northeast region via the Empire State Manufacturing Index. The overall segment remains depressed and sustained rise is not expected through the first quarter. Construction outlook: There will be updates for housing and construction from housing starts, building permits, […]
After a long history of bears pulling down its stock price, Tesla is now witnessing an astonishing surge in its market value. Since the start of this year, Tesla’s stocks have risen by roughly 85%, crushing estimates and stunning market analysts. This performance is partially due to Tesla beating analysts’ expectations on Q4 2019, reporting […]
Spartan Motors has sold its emergency vehicle manufacturing division so it can focus on growth opportunities in commercial and last-mile vehicle development. Plus, Connecticut plans a toll vote, a startup wants to move freight transport underground, and Oregon truckers are ready to protest.
What is a Freight Recession?
Diesel fuel price outlook The rack-to-retail spread has widened to more than $1.10/gallon, creating an unearned windfall for trucking carriers. Diesel markets have been sliding in part on an overall decline in oil since the start of the year, but retail is slow to follow. Diesel itself has fallen farther than crude, primarily on fears […]
Shippers in a Morgan Stanley survey are optimistic over the macro environment and expect rate improvement moving forward. Plus, Chinese New Year impacts and supply chain sustainability takes a hit.
Airbus is expanding its aircraft manufacturing operations on Boeing’s home turf.
The amount of capacity allocated to the amount of freight moved is the most important factor in determining freight rates.
Plunge in vehicle and auto parts shipments drive broader softness as manufacturing sales drop 0.7% in October.
Anthony and Zach discuss the recent Celadon shutdown and how it lines up with current freight market conditions; a disappointing manufacturing sector; consumers appear to be on another spending spree funded by debt.
Preliminary orders for new Class 8 trucks tumbled again in November after one month of improved bookings, new evidence that a slowing manufacturing economy is sapping all but critical replacement demand.
U.K.-based yacht builder Sunseeker is in advanced negotiations with DHL Supply Chain to help with its logistics operations.
Caterpillar Inc. notified 120 workers at its Victoria, Texas, facility that they will no longer have a job effective, November 1. Company officials said “market conditions” are the reason for the layoffs. “Caterpillar notified a portion of its Victoria, Texas, workforce that it is taking actions to bring production in line with demand,” according to […]
