Last week, the U.S. Commerce Department shocked analysts when it announced overall retail sales rose 0.6% in June, rebounding from a downwardly revised 1.7% drop in May. Excluding auto sales – which are still being hampered by global semiconductor shortages…
Management from J.B. Hunt Transport Services said dislocation throughout the supply chain remains in place but that there is now some “momentum” toward improvement. On a call with analysts Monday night, management said “demand for our trucks, containers and trailers…
Hyzon Motors Inc. began public trading Monday on a terrible note as its shares fell more than 20% on a day when markets continued to tumble. The maker of hydrogen-powered fuel cell trucks, which has more than $37 million in…
American Trucking Associations (ATA) announced Monday that Paul Enos has been named chairman of the ATA Trucking Association Executives Council (TAEC). Enos, CEO of the Nevada Trucking Association, succeeds Brenda Neville as chair. He brings more than 15 years of…
A long-standing gap between how the U.S. Department of Transportation and the U.S. Department of Labor view driver wages must be bridged before the trucking industry will have a shot at curing its chronic driver retention problem, according to a…
Facing difficult comps versus one year ago, loaded domestic intermodal container volume is now down on 10 of the 11 densest domestic intermodal lanes that originate in the U.S (see chart at top of file). Volume declines are not just…
On a day when the broader commodity oil markets plummeted, the benchmark Department of Energy/Energy Information Administration average weekly retail diesel price climbed for a 12th consecutive week. That price rose 0.6 cents, to $3.344 a gallon. That’s the highest…
Digital manufacturing and supply chain company Fast Radius Inc. said Monday it will be acquired by special-purpose acquisition company (SPAC) ECP Environmental Growth Opportunities Corp. (NASDAQ:ENNV) in a deal that values the Chicago-based company at $1.4 billion. The transaction, which…
J.B. Hunt Transport Services (NASDAQ: JBHT) reported second-quarter earnings per share of $1.61 Monday after the market close. The result was modestly better than analysts’ forecasts for $1.55 and well ahead of the year-ago result of $1.14. All of J.B.…
Ocean carrier MSC reports that U.S. freight railroads have started to reduce import rail traffic at the ports of Los Angeles and Long Beach as well as New York as the U.S. experiences record import volumes. Starting last Sunday and…
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