Homebuilder Confidence Drops by Most Since 2014
Confidence among U.S. homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrained demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates.
November 19, 2018Postal Service Gears Up for Holiday Deliveries
The U.S. Postal Service said it expects to deliver nearly 15 billion pieces of mail and 900 million packages between Thanksgiving and New Year’s Day, according to a release.
November 19, 2018Expectations of Trucking Rise Amid Changing Climate
Proposals by a growing number of regulators and advocacy groups would have the trucking industry assume a larger role in advancing efforts to continue cleaning up the environment.
November 19, 2018Container-Shipping Companies Plan Industry Alliance
Five container-shipping companies intend to create a nonprofit association focused on the digitalization and standardization of information used in the industry.
November 19, 2018Nissan to Oust Chairman Carlos Ghosn After Arrest
Nissan Motor Co. will remove Carlos Ghosn as chairman after he was arrested in Tokyo on charges of violating financial law, throwing the auto industry’s largest global alliance into turmoil.
November 19, 2018Most States Don't Experience CDL Skills Test Delays, FMCSA Survey Shows
The large majority of states are experiencing few delays in scheduling entry-level truck drivers for their skills tests, according to a new congressionally mandated survey conducted by the Federal Motor Carrier Safety Administration.
November 19, 2018Andrew, Michael Leto Secure Funding for New Online Freight Marketplace
Serial entrepreneurs Andrew and Michael Leto, who started GlobalTranz Enterprises and 10-4 Systems, both of which were sold earlier this year, are launching a new enterprise. It is a software platform called Emerge that allows shippers and carriers to book loads, track shipments and source new capacity in what is being described as a private freight marketplace.
November 19, 2018Airspace Technologies Receives $20 Million to Expand Globally
Airspace Technologies, a company that offers a digital operating platform for air cargo and time-critical delivery services, has received $20 million in Series B funding to support global expansion and accelerate development of a next-generation delivery network and enterprise software platform.
November 19, 2018Louisiana’s Sunshine Bridge Could Open Sooner Than January Target Date
Despite high-profile projects in Baton Rouge and elsewhere, Louisiana’s $14 billion backlog of road and bridge needs will rise next year because the state lacks the needed resources, state Transportation Secretary Shawn Wilson said Nov. 15.
November 16, 2018Trump Says He’s Optimistic About Trade Deal After Receiving China Response
President Donald Trump said he is optimistic about resolving the U.S. trade dispute with China after receiving a response from Beijing to his demands, ahead of a widely anticipated meeting with Chinese President Xi Jinping in Argentina later this month.
November 16, 2018