°®¶¹´«Ã½

The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Nov. 30 in remarks likely intended to underscore the Fed’s focus on combating inflation.

While the worst of the global supply chain snarls brought on by the COVID-19 pandemic now appear to be in the rearview mirror, it’s still not business as usual for international freight.

Mack Trucks announced it promoted Jonathan Randall to president of Mack Trucks North America, effective Dec. 1.

To avert a railroad strike projected to cost the economy $2 billion daily, the U.S. House of Representatives on Nov. 30 passed a bill outlining a labor agreement between rail carriers and workers.

U.S. railroads have begun curtailing shipments of hazardous chemicals ahead of a potential nationwide strike by workers, according to a major trade group representing oil refiners and petrochemical companies.

Senators pressed the CEOs of Kroger Co. and Albertsons Cos. on Nov. 29 about whether their proposed $24.6 billion deal to create a supermarket giant will benefit consumers in an era of rising inflation.

Truck Supply Co. of South Carolina announced its expansion into the St. Louis market with its purchase of Tractor Trailer Supply. 

The trucking industry continued to experience strong acquisition activity this year, but there may be some signs of softening heading into next year.

Thermo King, a brand of global climate innovator Trane Technologies, announced R452A refrigerant will be the standard option on single- and multi-temperature truck refrigeration units manufactured in North America.

Volvo Trucks North America announced it will deploy eight Volvo VNR Electric trucks with two Bronx-based community groups as part of a $10 million award through the New York Clean Transportation Prizes program.