The Port of Los Angeles is set for its busiest December on record, and the Port of Long Beach is on track to have its best-ever year after the hubs handled an early and sustained peak season.
December 18, 2024Search
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Walmart Stock Soars 82% in 2024, Leading Retail Industry
Analysts are betting that further market-share gains and increased profit contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.
December 18, 2024US Housing Starts Fall to Slowest Pace Since July
Housing starts decreased 1.8% to an annualized rate of 1.29 million, the slowest since July, according to government data released Dec. 18. The metric can help project the flatbed sector.
December 18, 2024Economists Raise 2025 Inflation Forecasts on Tariff Worries
While economists expect the Fed to lower rates on Dec. 18 for a third straight meeting, they are now penciling in just three more quarter-point cuts in 2025.
December 17, 2024Yellow, Pension Funds' Claims Battle to Extend Through Q1
Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.
December 17, 2024How the Freight Market Trough Defined 2024
“Trucking is now in the longest and deepest freight down cycle since the 2007 global financial crisis,” said C.H. Robinson's Michael Castagnetto. ATA data shows tonnage climbing slowly.
December 16, 2024Amazon Rejects Senate Report on Workplace Safety Standards
Amazon has long been a target of worker’s rights advocates and labor unions, who say the company pushes its employees too hard in the name of getting packages to customers quickly.
December 16, 2024Tanker Rates Hit by OPEC+ Delays, Weak China Demand
The Baltic Exchange’s TD3C Index, which reflects rates for VLCCs on the Middle-East-to-Asia route, dropped to so-called Worldscale 39.05 on Dec. 13.
December 16, 2024Fleets Navigate the Challenges of Driver Acceptance of ADAS
Trucking experts say getting drivers to buy in to advanced driver assistance systems technology is key to making sure it is being correctly used.
December 13, 2024Volvo Autonomous Solutions, DHL Hit the Road Together
Volvo Autonomous Solutions’ factory-built VNL Autonomous Class 8 tractors hit the road for the first time as part of a commercial operation Dec. 4, hauling freight for DHL Supply Chain.
December 12, 2024