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British Freight Lobby Slams ‘Profiteering’ in Container Shipping

The British International Freight Association is calling on the U.K. government to investigate the state of competition within the global container-shipping market, as transportation costs remain elevated heading into the third year of the pandemic.

January 5, 2022

Companies Add Most Jobs in Seven Months

U.S. companies in December added the most jobs in seven months, indicating that more Americans are returning to the labor force and helping employers to fill a near-record number of open positions.

January 5, 2022

A Record 4.5 million Americans Quit Their Jobs in November

A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.

January 4, 2022

The Electrification Journey

Electric trucks promise many potential rewards for the freight transportation industry. But the experiences of fleets that have begun to deploy these vehicles illustrate an elaborate set of challenges and considerations associated with electrification.

January 4, 2022

Manufacturing Gauge Falls While Price Pressures Ease

A measure of U.S. manufacturing fell short of expectations at the end of 2021, reflecting declines in gauges of delivery times and prices that belie an otherwise solid demand picture.

January 4, 2022

US Merchandise-Trade Gap Widens to Record as Imports Surge

The U.S. merchandise-trade deficit widened to a record in November as imports surged to an all-time high. The gap increased to $97.8 billion last month from a revised $83.2 billion in October, according to Commerce Department data released Dec. 29.

December 29, 2021

2022 Will Feel Familiar for Equipment Sector

The year ahead promises to be a busy one for the equipment sector, as key trends such as used truck pricing and availability, parts sales, freight rates, truck electrification and new, more robust engine oils intermingle with challenging supply and demand conditions — including rising costs for raw materials — that are affecting orders for new trucks and trailers.

December 29, 2021

Secretary Buttigieg to Headline 2022 TRB Conference

Transportation Secretary Pete Buttigieg is scheduled to deliver keynote remarks at the upcoming annual conference of the Transportation Research Board, which will be held Jan. 9-13.

December 28, 2021

Diesel Price Drops Again as New Year Approaches

The national average price for a gallon of diesel continued on its downward trend as the end of the year approaches, dropping another 1.1 cents to $3.615 in the Dec. 27 weekly report provided by the Energy Information Administration.

December 27, 2021

Supply Chain, Midterms to Dominate Freight Policy in 2022

The implementation of last year’s $1 trillion infrastructure law, national elections in the fall and ongoing concerns regarding supply chain challenges and the omicron coronavirus variant will be front-and-center for policymakers heading into 2022.

December 29, 2021