The trucking industry continued to experience strong acquisition activity this year, but there may be some signs of softening heading into next year.
November 30, 2022Search
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Cyber Monday Sales on Track to Break Record Despite Inflation
U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.
November 29, 2022Kroger, Albertsons CEOs Face Senate Questions Over Merger
Senators pressed the CEOs of Kroger Co. and Albertsons Cos. on Nov. 29 about whether their proposed $24.6 billion deal to create a supermarket giant will benefit consumers in an era of rising inflation.
November 30, 2022Shipping Prices Fall in Inventory Glut, Upping Broker Deals
U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.
November 28, 2022Government Poised to Intervene in Freight Rail Fight
With a Dec. 9 deadline looming to reach an agreement on a nationwide freight rail contract, President Joe Biden is asking Congress to intervene in the dispute, which threatens to severely damage the U.S. economy.
November 29, 2022Business Equipment Orders Rebounded Sharply in October
Orders placed with U.S. factories for business equipment rebounded in October, suggesting capital spending plans are holding up in the face of higher borrowing costs and broader economic uncertainty.
November 23, 2022Virginia Captures Key Warehousing, Distribution Center Ventures
Beating out other states, Virginia snagged two warehousing and distribution center ventures worth $289 million for a logistics park and a port.
November 23, 2022More Truckers Opt to Use E-ZPass on Ohio Turnpike
More commercial truck traffic continued to travel along the 241-mile Ohio Turnpike during the first nine months of this year after breaking a record in 2021.
November 23, 2022Holiday Shopping Season Brings Hopes for Supply Chain Improvements
As this year’s holiday shopping season ramps up, shipping industry experts say supply chain issues that plagued the season last year have alleviated, but there are other dynamics at play.
November 22, 2022Engineers Ratify, but Conductors Split on Rail Labor Contract
Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected the contract, casting more doubt on whether the industry will be able to resolve the labor dispute before December’s deadline.
November 21, 2022