Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asias trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020.
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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..
US Jobless Claims Jump by Most Since March, Approach 1 Million
Applications for U.S. state unemployment benefits surged last week by the most since late March, pointing to persistent labor market pain as coronavirus infections continue to soar and potentially adding to momentum for a larger federal stimulus plan.
January 14, 2021DB Schenker Halts Deliveries to UK Due to Brexit Trouble
DB Schenker, a major logistics company owned by German rail giant Deutsche Bahn AG, suspended deliveries to the U.K. due to significant problems caused by post-Brexit red tape.
January 14, 2021No Excuse for Failure on Infrastructure Policy, US Chamber Leader Says
Approving comprehensive legislation aimed at upgrading the countrys infrastructure systems is a way for the incoming Biden administration to stimulate an economy hard-hit by the pandemic, the leader of the U.S. Chamber of Commerce said.
January 13, 2021FMCSA Names Members of Its MCSAC Advisory Committee
The Federal Motor Carrier Safety Administration on Jan. 13 announced this years members for its Motor Carrier Safety Advisory Committee, which includes a record number of women as well as its first female vice chair.
January 13, 2021EPA Readies Biofuel Waivers, Delays for Trumps Final Days
The Trump administration is expected to exempt some oil refineries from 2019 mandates to use renewable fuel as it readies possible last-minute moves on U.S. biofuel policy.
January 13, 2021Schumer Asks Biden to Push for More Than $1.3 Trillion Stimulus
Incoming Senate Majority Leader Chuck Schumer has pressed President-elect Joe Biden to propose more than $1.3 trillion in spending for his initial round of COVID-19 relief, according to a person familiar with the matter.
January 13, 2021COVID-19 Vaccine Key to Restoring Economic Stability, Experts Say
The incoming Biden administration faces a U.S. economy that appears to be slowing as COVID-19 cases surge.
January 13, 2021Saudis Curb Oil Supply to Some Buyers After Vow to Pump Less
Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.
January 13, 2021US Core Consumer-Price Gauge Cools Slightly From Prior Month
A key measure of prices paid by U.S. consumers cooled in December from a month earlier as slack in the labor market and muted demand helped keep inflation pressures tame.
January 13, 2021