03 Jan Robots Aren’t Yet Killing Off All Our Jobs, World Bank Says The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines. Read more...
03 Jan CVSA Complains of Too Many FMCSA Regulatory Exemptions Federal trucking regulators are exempting too many motor carriers from electronic logging device requirements and other regulations, creating “confusion and inconsistency in enforcement,” according to the organization representing roadside commercial vehicle inspectors. Read more...
03 Jan Driver Turnover Falls at Large TL Carriers The third-quarter turnover rate at large truckload carriers fell 11 percentage points to 87%, marking its lowest point since the first quarter of 2017 when it was 74%, American Trucking Associations reported. Read more...
03 Jan China Said to Be Back for US Soy as Trade Talks Scheduled China is back in the market for U.S. soybeans after taking a holiday break as Washington and Beijing plan more trade discussions. Read more...
03 Jan Factory Gauge Tumbles by Most Since 2008 as Orders Cool A gauge of U.S. manufacturing plunged last month by the most since October 2008, a fresh sign of deceleration in the economy amid global strains across the sector. U.S. stocks extended declines and Treasury yields fell after the report. Read more...
03 Jan Firms Hired Most Workers Since Early 2017, ADP Research Says Companies added the most workers in almost two years to U.S. payrolls in December, exceeding forecasts and signaling that the job market was solid as 2018 came to an end. Read more...
03 Jan Economists See No Repeat for Strong 2018 Job Gains The final report for 2018 is forecast to show employers added 180,000 jobs in December to cap a 2.45 million annual increase, the most since 2015 — but the monthly estimate is the lowest median projection since last January. Read more...
03 Jan Jobless Claims Hit Four-Week High Amid Federal Shutdown Filings for U.S. unemployment benefits rose to a four-week high at year’s end, amid holidays that tend to make the figures more volatile and a partial government shutdown that may have spurred federal workers to request funds. Read more...
02 Jan Capitol Agenda for the Week of Jan. 2: An ‘I’ for an ‘I’ Infrastructure funding is once again in danger of being overshadowed by another "I" word in Washington. Here's the week ahead for trucking on Capitol Hill. Read more...
02 Jan Global Factory Slump Adds to 2019 Central Bank Challenges Manufacturing gauges across the world’s largest economies stumbled at the end of last year, starting 2019 with fresh challenges for global growth and central banks. Read more...