Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, American Trucking Associations said Nov. 24.
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ATA Truck Tonnage Index Declines 8.7% in October
Economic Outlook Bright for Holidays
Goods are pouring into ports, being delivered by trucks to warehouses and e-commerce locations, and retailers are restocking their shelves as the holiday shopping season gets into full swing. It’s also a major reason why trucking continues to outperform the overall U.S. economy.
XPO’s Europe Unit Sale Said to Slow as Blackstone Drops Out
XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.
November 23, 2020N.J. Leaders Announce Infrastructure Projects to Aid Regional Port Operations
New Jersey officials recently announced a series of infrastructure projects meant to support operations for port facilities and the vehicles that serve them.
C.H. Robinson Warns US Companies Could Miss Tariff Refunds
Minnesota transportation and logistics company C.H. Robinson says it has identified almost $1 billion in potential refunds of tariffs its American clients paid on Chinese imports.
Boatloads of Cargo Off Los Angeles Grind Gears of World Economy
A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth space. Around the twin ports of L.A. and Long Beach, shipping containers already are stacked five and six high — the maximum the fire department will allow.
Biden Unlikely to Quickly Unwind China Tariffs, Democrat Ally Says
President-elect Joe Biden isn’t likely to quickly unwind the tariffs President Donald Trump has imposed on Chinese imports, said Delaware Senator Chris Coons, a close ally of the incoming leader.
Walgreens CFO Downplays Amazon’s Role in Pharmacy Industry
Walgreens Boots Alliance’s finance chief downplayed the impact of Amazon .com Inc. just days after the internet giant’s push into online pharmacy sent shares of pharmacies and drug distributors reeling.
Ports on Both Coasts Report Volume Surge in October
With a surge in imports, the nation’s ports are reporting record or near-record activity as warehouses and stores restock eight-plus months into the COVID-19 pandemic.
Lightning EMotors Said to Be in Talks to Go Public
Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.