15 Mar Jobless Claims Decline for Third Time in Four Weeks U.S. filings for unemployment benefits fell for the third time in four weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed March 14. Read more...
15 Mar Trudeau Dodged Steel Tariffs. Now He’s Trying to Save NAFTA Donald Trump is already taking up a lot of Justin Trudeau’s bandwidth. Steel tariffs sent it to another level. Read more...
15 Mar FedEx Announces Billion-Dollar Expansion at Memphis Headquarters FedEx Corp. will invest more than $1 billion to modernize its Memphis, Tenn.-based headquarters. Read more...
15 Mar Covenant Transport Raises Profit Outlook Covenant Transport raised its profit outlook March 14 for the first quarter after freight revenue rose a better-than-expected 6.3% in the first couple of months of 2018. Read more...
15 Mar Drivers Saw Modest Pay Raise in 2017 A study of nearly 20,000 truck company owner-operators found that the drivers on average earned a little more money in 2017 while driving slightly fewer miles. However, pay varied depending on what segment the driver worked: dry-van, refrigerated, flatbed or as an independent who worked in one or more segments. Read more...
15 Mar Fleet Managers Need Solid Grasp of Technology as Well as Knowing How to Fix Trucks, Exec Says ATLANTA — Whether part of the older or younger crowd, today’s fleet maintenance managers and executives must have skills that blend the essential, basic knowledge of fixing trucks with a solid grasp of technology and data in order to survive and thrive, an industry executive said. Read more...
15 Mar Natural Gas Vehicles Group Asks Congress for Fuel Tax Credit Extension Daniel Gage, president of National Gas Vehicles for America, asked lawmakers March 14 for a five-year extension of alternative fuel tax credits and the alternative fueling infrastructure credit. Read more...
15 Mar ‘Rapid-Fire’ E-Commerce Demands Better Neighborhood Roads, C.H. Robinson Exec Says The prevalence of e-commerce will intensify the need for good neighborhood roads in addition to well-fortified interstates, according to an executive with third-party logistics provider C.H. Robinson. Read more...
15 Mar ‘Outrageous Overcharging’ on the Rise for Towing Crashed Trucks, ATA Survey Shows Reports of “outrageous overcharging” for non-consensual towing of damaged heavy-duty trucks and trailers removed from crash scenes are on the rise in some states, according to a recent survey by American Trucking Associations. Read more...
14 Mar Key Departures at the White House Raise the Risk of a Trade War President Donald Trump’s push for import tariffs and the recent White House personnel upheaval increase the chance of a global trade war — and traders need to stay alert, because the end result could be the reappearance of inflation, according to at least one market analyst. Read more...