WASHINGTON — Inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month, and dimming hopes that the upward trajectory of prices would begin to slow.
August 12, 2021Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
IEA Cuts Oil Demand Outlook on Virus
The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.
August 12, 2021Consumer Prices Rose in July but at Slower Pace
WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households.
August 11, 2021FMCSA to Streamline Household Goods Moving Regulations
The Federal Motor Carrier Safety Administration has announced plans to update regulations for transportation of household goods to reduce costs for movers and mitigate the growing problem of fraud in consumer moves.
August 11, 2021Proposed USPS Surcharges May Mean Mail Will Cost More This Holiday
The U.S. Postal Service on Aug. 10 announced it is seeking temporarily higher rates for packages during the 2021 holiday season.
August 11, 2021Industry Applauds Senate Passage of $1 Trillion Bill to Modernize US Transportation
Legislation aimed at modernizing the country’s mobility networks, freight corridors and transit systems gained approval in the U.S. Senate on Aug. 10.
August 10, 2021Productivity Rose Less Than Forecast in Q2
Productivity in the U.S. took a step back in the second quarter, indicating an easing in the rapid pace of efficiency gains seen in the prior three months.
August 10, 2021California Trucking Association Takes AB 5 Case to Supreme Court
The California Trucking Association is asking the U.S. Supreme Court to review a state independent contractor law — known as AB 5 — that it argues should be exempt from enforcement for motor carriers based on federal pre-emption.
August 10, 2021Big Win for $1 Trillion Infrastructure Bill With Senate Passage
With a robust vote after weeks of fits and starts, the Senate approved a $1 trillion bipartisan infrastructure plan Aug. 10, a rare coalition of Democrats and Republicans joining to overcome skeptics and deliver a cornerstone of President Joe Biden’s agenda.
August 10, 2021Railroad Bidding War Back On: CP Ups Bid for KCS
NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National.
August 10, 2021