Legislation designed to facilitate commercial drivers’ applications for security credentials was recently cleared by Congress for President Joe Biden’s desk.
December 19, 2024Search
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US 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, 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, 2024House OKs Water Infrastructure Bill, Teeing Up Senate Vote
In the closing days of Congress’ post-election lame-duck session, members of the House of Representatives easily approved the final version of the Water Resources Development Act.
December 12, 2024Arizona City Gifts Land for New Cross-Border Trucking Port
The existing port — which is 5 miles away and expanded 27 years ago from the original one built in 1933 — can no longer handle today’s traffic and commercial vehicle inspection demands.
December 10, 2024RXO Invests $13.7 Million to Expand in North Carolina
North Carolina Gov. Roy Cooper and other state officials announced a $13.7 million expansion by RXO in its Ballantyne operations to add 216 jobs over the coming years.
December 9, 2024Canada Trade Surplus With US Narrows as Tariff Fight Looms
Canada’s trade surplus with the U.S. helped avoid a deeper deficit, underscoring the importance of its biggest trading partner as President-elect Donald Trump threatens hefty tariffs.
December 5, 2024Port Operators Threaten to Halt Talks Over Automation Issue
Operators of East and Gulf Coast port terminals said they won’t continue bargaining with union dockworkers if it means giving up their right to invest in semi-automated cargo handling equipment.
December 5, 2024