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ATA, DAT Freight Indexes Show Solid Growth; Cass Points Down

Two of the three major monthly freight indexes showed positive trends in August, leading economists to downplay fears the trucking industry is heading into a downturn leading up to the holiday shipping season.

September 24, 2019

Universal Postal Union Rejects Trump’s Favored Reform Plan

In a showdown Sept. 24 at a Universal Postal Union meeting, countries rejected the Trump administration’s favored approach to an international mail problem that is making the U.S. consider leaving the 145-year-old body.

September 24, 2019

Spear to Target Jury Verdicts, HOS, Infrastructure at MCE

The head of American Trucking Associations plans to focus on fighting back against large court verdicts against the industry, continuing the push for a national infrastructure package and working toward reform for federal hours-of-service rules when the industry gathers for ATA's annual Management Conference & Exhibition in San Diego.

September 26, 2019

Senate Committee Advances Labor Nominee Scalia to Chamber Floor

Eugene Scalia’s nomination to become the next Secretary of Labor in the Trump administration was advanced by a U.S. Senate committee Sept. 24.

September 24, 2019

EPA Threatens California Highway Funding Over Smog-Choked Skies

The Environmental Protection Agency notified California in a letter Sept. 24 that it has failed to file complete plans for fighting conventional air pollution and may lose highway funding as punishment.

September 24, 2019

Consumer Confidence Declines by Most in Nine Months

U.S. consumer confidence posted the biggest drop since the start of the year as Americans’ expectations for the economy and the job market deteriorated, posing a risk to the household spending that is underpinning growth.

September 24, 2019

Daimler Fined $960 Million to Settle Rigged Diesel-Car Probe

German prosecutors fined Daimler AG 870 million euros for “negligent violation” in a probe into selling rigged diesel cars.

September 24, 2019

°®¶ą´«Ă˝ Price Index Rises at Slowest Pace Since 2012

°®¶ą´«Ă˝-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates.

September 24, 2019

China Gives New Waivers for Tariff-Free US Soybean Purchases

The Chinese government has given new waivers to several domestic state and private companies to buy U.S. soybeans without being subject to retaliatory tariffs, according to people familiar with the situation.

September 24, 2019

Petroleum Institute Chief Economist Optimistic About Diesel Supply

WASHINGTON — The oil refining industry is ready for an upcoming mandate on the type of fuel to be used by the maritime industry, but shippers are scrambling to get ready as the deadline draws near.

September 24, 2019