Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.
Category: News
Employment Costs Rise Less Than Expected in Second Quarter
Employment costs rose less than estimated in the second quarter as worker pay raises held steady while benefit gains decelerated, suggesting inflation pressures remain muted.
Regulatory, Legal Guidance Could Soon Provide Clarity on the Transport of Hemp
Potential solutions to some of the vexing problems that truckers and law enforcement are facing regarding the transportation of legal hemp across state lines could be coming soon.
On the case to make technology days a success
What you would like to see covered on things like electric trucks, hydrogen-powered commercial vehicles, connectivity, etc.?
Fiat Chrysler jumps after Ram, Jeep trucks boost NA sales
North America delivered almost all of Fiat’s earnings, rising 12% to $1.75 billion) thanks to the Jeep Gladiator and Ram models countering lower shipments.
California freight volumes offset weakness elsewhere
After a 16% drop the previous week, spot truckload freight volume fell another 8% during the week ending July 28, said DAT Solutions, which operates the industry’s largest network of load boards.
Higher load volume out of California prevented furthe
Senate Panel Advances 5-Year Transportation Bill
A five-year, $287 billion highway policy measure was easily advanced by a Senate panel on July 30, setting in motion the reauthorization of the country’s surface transportation programs.
Ryder Reports Record 2Q Revenue, Up 7%
Ryder System Inc. reported higher earnings and record revenue in the second quarter in all three business segments, reflecting new business and higher volumes.
Freight, Agriculture Stakeholders Express Support for USMCA Trade Deal
WASHINGTON — The top executive of Werner Enterprises Inc. joined other business leaders for a hearing on Capitol Hill on July 30 to call on lawmakers to approve a landmark new trade deal with Canada and Mexico.
Hub Group Reports Record Earnings Per Share for 2Q
Hub Group announced net income of $29.2 million, or earnings per share of $0.87, for the second quarter ended June 30, according to an earnings release.