Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy.
January 13, 2022Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Canada Joins Mexico in Complaint Over US Car-Origin Rules
Canada is joining Mexico in formally disputing how the U.S. interprets rules governing the origin of vehicle parts under the trilateral trade agreement between the countries.
January 13, 2022Initial Jobless Claims Rise to Highest Since Mid-November
Applications for U.S. state unemployment insurance rose unexpectedly for a second consecutive week to the highest in two months, suggesting that the recent surge in COVID-19 cases could be leading to dismissals.
January 13, 2022Shanghai Woes: Congestion Grows at World’s Biggest Port
Ships looking to avoid COVID-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port.
January 13, 2022Class 8 Sales in December Climb to High Point of 2021
Class 8 U.S. retail sales in December rose 15.5% compared with a year earlier, and reached the high point for the year, WardsAuto .com reported Jan. 12.
January 12, 2022Inflation Shows More Staying Power After Hitting 7% in 2021
U.S. consumer prices are likely to extend their eye-popping gains after soaring last year by the most in nearly four decades, further burdening Americans and ramping up pressure on policymakers to act.
January 12, 2022Clarience Technologies Prepares for Smart Future
Davco, a unit of Clarience Technologies, announced it is investing $3.5 million in its Saline, Mich., campus to create an advanced electronics manufacturing center.
January 12, 2022Georgia County Lands Two EV Development Projects
Newton County, Ga., has landed two major electric vehicle development projects that potentially could provide thousands of jobs in the fast-growing suburb east of Atlanta.
January 12, 2022Secretary Buttigieg Praises Port Efforts on Supply Chain
Transportation Secretary Pete Buttigieg during a Jan. 11 tour of the ports of Los Angeles and Long Beach lauded the efforts that have kept freight moving through the facilities amid crushing backlogs.
January 12, 2022US Online Holiday Spending Grows at Slowest Rate in Seven Years
Online shopping for holiday gifts last year in the U.S. grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.
January 12, 2022Trending
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