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Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024

US Adds a Robust 254,000 Jobs in September

WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support a growing economy.

October 4, 2024

US Dockworkers Agree to Resume Work, Ending 3-Day Strike

Ports are reopening Oct. 4, and the ILA and USMX will restart negotiations on a long-term agreement, which will include a pay increase of about 62%.

October 3, 2024

Port Strike Sparks High Demand for Toilet Paper at Retailers

During visits to Costco stores in northern New Jersey, Oppenheimer analyst Rupesh Parikh said his team “observed behaviors similar to the start of the pandemic.â€

October 3, 2024

Vice Presidential Candidates Defend Energy Policies

The differing viewpoints on energy and environmental policy held by the two major party candidates for the U.S. presidency were dissected during a spirited but collegial debate by their running mates on Oct. 1

October 3, 2024

DSV Starts $5.5 Billion Share Sale for DB Schenker Takeover

DSV received commitments from investors for more than half of a $5.5 billion sale of new shares as the Danish freight-forwarding company finances its takeover of DB Schenker.

October 3, 2024

Trucking Industry Accelerates Hurricane Helene Relief

Trucking industry and governmental aid efforts are underway to assist communities reeling from Hurricane Helene, a Category 4 storm that slammed the Gulf Coast on Sept. 26.

October 3, 2024

New FMCSA Rule Mandates CDL Downgrades for Drug Violations

The new requirement is intended to make it more difficult for drivers to continue operating after receiving a drug or alcohol violation.

October 3, 2024

Volvo Begins Series Production of VNL Tractor in Virginia

Volvo Trucks North America began series production of its redesigned Class 8 flagship VNL tractor at the 2.3 million-square-foot New River Valley assembly plant in Dublin, Va., it said Oct. 3.

October 3, 2024