27 Dec TransForce Inc. Acquires Hire Edge Logistics Personnel TransForce Inc., a recruiting and employment provider specializing in finding commercial truck drivers, has acquired Hire Edge Logistics Personnel, a regional staffing agency for trucking industries in the Northeast and Mid-Atlantic regions. Read more...
27 Dec CFI Logistics Acquires Chicago-Based Optimal Freight Truckload carrier and logistics firm CFI announced plans to acquire Chicago-based Optimal Freight. Read more...
27 Dec Opinion: The Benefits of a Data-Driven Supply Chain Methods such as Statistical Process Control, Lean and Six Sigma have been in use for decades, helping manufacturers maximize the efficiency and reliability of their processes. But when it comes to complex, global supply chains, a lack of data has limited the effectiveness of these tools. Read more...
27 Dec Consumer Confidence Drops to Five-Month Low U.S. consumer confidence slumped in December to the lowest since July as a gauge of labor market expectations fell by the most in 41 years, the latest sign Americans are growing less optimistic as stock markets gyrate and the expansion moderates. Read more...
27 Dec Rhode Island to Construct 10 More Truck Toll Gantries The Rhode Island Department of Transportation has received federal approval to advance construction on 10 more truck-tolling gantries. Read more...
27 Dec Report: US Miscalculated Benefit of Better Train Brakes BILLINGS, Mont. — President Donald Trump’s administration miscalculated the potential benefits of putting better brakes on trains that haul explosive fuels when it scrapped an Obama-era rule over cost concerns, The Associated Press has found. A government analysis used to justify the cancellation omitted up to $117 million in estimated future damages from train derailments that could be avoided by using electronic brakes. Read more...
27 Dec Average Price of Diesel Drops 4.4¢ to $3.077 a Gallon The U.S. average retail price of diesel dropped 4.4 cents to $3.077 a gallon, the U.S. Energy Information Administration reported, as crude oil prices lingered below $50 per barrel. Read more...
27 Dec Driverless Cars Deliver From Kroger-Owned Store in Arizona The nation’s largest grocery chain stepped into the driverless delivery market Dec. 18, bringing milk, eggs and other items to a customer’s home in a vehicle with nobody at the wheel. Read more...
27 Dec Jobless Claims Fall to 216,000, Showing Tight Labor Market U.S. filings for unemployment benefits decreased for the third time in four weeks, hovering near an almost five-decade low that reflects a robust job market. Read more...
27 Dec US Shale’s Blows Leave Middle East Oil Sellers Staggering The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties. Read more...