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Jack Cooper Exits Bankruptcy

Jack Cooper Holdings Corp. has exited its Chapter 11 bankruptcy proceedings, the auto-hauling logistics company said Nov. 4.

November 5, 2019

Trudeau: Canada to Resume Pork, Beef Shipments to China

Canada will resume shipments of pork and beef to China, Prime Minister Justin Trudeau said, signaling the Asian nation has lifted an import ban imposed earlier this year.

November 5, 2019

US Services Companies’ Growth Rebounds in October

WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September, causing concern for investors and economists.

November 5, 2019

Kansas DOT Selects 22 Projects Through Cost Share Program

State leaders recently announced 22 projects have been selected as part of the Kansas Department of Transportation’s Cost Share Program, which is meant to provide funding for transportation initiatives.

November 5, 2019

China Wants US to Drop Tariffs on $360 Billion of Imports for Trade Deal

China is seeking the rollback of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.

November 5, 2019

US Trade Deficit Falls to $52.5 Billion in September

The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum.

November 5, 2019

Operational Cost of Trucking Up 7.7%, ATRI Report Says

The costs associated with trucking have increased substantially, according to a new report from the American Transportation Research Institute.

November 4, 2019

Diesel Dips 0.2¢ to $3.062 a Gallon

The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4.

November 4, 2019

VMT Tax for Trucks Presents Revenue Option for Highway Account, CBO Reports

About $2.6 billion in revenue would have been generated in 2017 if commercial trucks were taxed at a rate of 1 cent per mile, and compliance reached a rate of 90%, according to a recent report by the Congressional Budget Office.

November 4, 2019

Government Shutdown Could Blur Economic Picture for Traders, Fed

The Federal Reserve is keeping a close eye on economic data as it “assesses the appropriate path” for monetary policy, but the central bank and traders in financial markets may find their vision blurred if Washington gridlock spurs yet another government shutdown later this month.

November 4, 2019