U.S. home construction starts increased in July by more than forecast and applications to build surged by the most in three decades, indicating builders are responding to robust housing demand fueled by record-low interest rates.
August 18, 2020Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Logistics Freight Brokerage
No rankings are available for this year.
Extras
US Housing Starts Surge by Most Since 2016, Permits Climb
Jennifer Polli to Step Down as Trac Intermodal CEO
Trac Intermodal on Aug. 17 announced that President and CEO Jennifer Polli is leaving the company and will be succeeded by Daniel Walsh, formerly of XPO Logistics.
New York Politicians, Voters Sue Trump Over USPS Funding
A group of voters and candidates for office in New York sued President Donald Trump and Postmaster General Louis DeJoy to ensure enough funding and staffing so that absentee and mail-in ballots are counted the same as in-person ballots.
Black Horse Carriers Joins Penske’s Electric Vehicle Program
Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.
August 17, 2020Pelosi Calls House Back Into Session to Vote on Postal Bill
Speaker Nancy Pelosi is calling the House back into session over the crisis at the U.S. Postal Service, setting up a political showdown amid growing concerns that the Trump White House is trying to undermine the agency ahead of the election.
US Seizes Four Iranian Tankers Carrying Fuel to Venezuela
The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.
US Industrial Production Up 3%; Factory Output Rises 3.4%
American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
Port of Los Angeles Chief Says China to Miss Agriculture Target
The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.
Rebound in US Retail Sales Slowed in July Amid Virus Surge
The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.
Demand for Freight Drives Up Spot Market Rates
Trucking has seen a turnaround bolstered by spot market rates and increased demand.