Tight Used Truck Market Spurs Higher Prices in February
Sales of used Class 8 trucks dropped amid ongoing tight inventory in February and high demand as the average truck’s price climbed above $48,000, ACT Research Co. reported.
March 28, 2019Is There a Truck Driver Shortage or Not? ATA Says Research Paper Made ‘Critical Errors’
The chief economist for American Trucking Associations has criticized a research paper written by a university professor and U.S. Bureau of Labor Statistics official that questioned the severity of the truck driver shortage decried by many in the industry.
March 28, 2019Presidential Candidate Amy Klobuchar Unveils $1 Trillion Infrastructure Plan
U.S. Senator Amy Klobuchar became the first Democratic presidential candidate to release a detailed federal infrastructure plan, calling for $1 trillion in investment and putting pressure on a wide field of contenders to come up with their own proposals.
March 28, 2019Trucking Firms Optimistic About Economy Despite Driver Shortage
LOUISVILLE, Ky. — Despite a perceived slowdown in the U.S. economy, 52% of small and medium-size carriers said they are growing and remain optimistic about business in 2019 and 2020, according to research by Bibby Financial Services of Georgia.
March 28, 2019Senate Funding Leader Praises White House’s Infrastructure Grants Proposal
WASHINGTON — The Trump White House’s newfound backing of infrastructure grants managed by the U.S. Department of Transportation earned praise from the top transportation funding leader in the U.S. Senate.
March 28, 2019GDP Declines in 4Q, Reflecting Consumer, Government Spending
U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.
March 28, 2019EPA Rushed Ethanol Plan so Trump Could Keep Pledge, Documents Show
After President Donald Trump promised Iowa voters he would unleash high-ethanol gasoline, his administration fast-tracked a plan to lift summertime restrictions on the fuel, forgoing studies of its potential price tag and hastily ending a review of the measure.
March 28, 2019Jobless Claims Fall to Two-Month Low
Filings for U.S. unemployment benefits have fallen to a two-month low, suggesting the labor market remains healthy in data reflecting revisions going back to 2014.
March 28, 2019Trump Asks OPEC to Increase Oil Output to Keep Prices in Check
President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.”
March 28, 2019Canadian Company Aims to Add Sobriety Tests to Steering Wheels
A Canadian company that makes alcohol-detection devices attached to steering wheels of school buses hopes to expand to North American trucking companies.
March 27, 2019