WASHINGTON — The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported June 29 in a slight downgrade from its previous estimate for the January-March quarter.
June 29, 2022Search
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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..
Supreme Court Declines to Hear C.H. Robinson Appeal
The U.S. Supreme Court has declined to review a federal appellate court decision involving a personal injury suit alleging that freight broker C.H. Robinson Worldwide Inc. was negligent in connection with a serious injury from an accident in 2016 involving a carrier it hired.
June 28, 2022EIA Delays Fuel Price Release for Second Week
The U.S. Energy Information Administration has released updated gasoline prices but delayed its weekly release of national diesel prices for the second week in a row June 27.
June 28, 2022Where the Supply Chain Recovery Stands
Two years into the crisis that disrupted global supply chains, the busiest port complex in the U.S. is still battling bottlenecks across the board.
June 28, 2022Goods-Trade Deficit Narrows to Smallest This Year
The U.S. merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in the second quarter.
June 28, 2022ATA Asks Federal Leaders to Assist in Rail Negotiations
American Trucking Associations called on federal elected leaders to ensure ongoing freight rail workforce negotiations avoid disrupting key aspects of the nation’s supply chain.
June 27, 2022CSX Completes Purchase of Pan Am Railways
MECHANICVILLE, N.Y. — CSX Corp. has completed its long-sought purchase of Pan Am Railways.
June 27, 2022Wisconsin Makes Move Among State Efforts to Address Fuel Prices
Wisconsin’s new emergency order to stop gas and diesel price gouging is among the latest moves by several governors to lessen the impact of rising fuel prices.
June 27, 2022Durable Goods Orders Exceed Forecast
Orders placed with U.S. factories for durable goods rose more than expected in May, suggesting business investment so far remains firm even in the face of rising interest rates and mounting concerns about the economy.
June 27, 2022Average Gasoline Price Drops 4 Cents to $5.05 a Gallon
CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline fell by 4 cents per gallon in the past two weeks to $5.05 for regular grade, it was reported June 26.
June 27, 2022