US Sales of Existing Homes Jump 20% After 3-Month Slump
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.
July 22, 2020Banyan Debuts LTL Freight Pricing App
Freight pricing data provider Banyan Technology has launched a real-time data connectivity platform called Insights that is designed to help less-than-truckload carriers balance and maximize capacity on their networks, and also provide measurable savings for shippers, the company said.
July 21, 2020June Tonnage Dips 1.3% Year-Over-Year
Truck tonnage in June declined 1.3% when compared with year-ago levels, but on a monthly basis surged 8.7% above May.
July 21, 2020Ford, VW Electric Models May Be Delayed by Trade-Secret Fight
Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S.
July 21, 2020COVID-19 Continues to Damage Business at Nation’s Ports on Both Coasts
The COVID-19 pandemic and Trump administration trade policies with China will result in at least a 15% drop in cargo this year at the Port of Los Angeles, the nation’s busiest seaport.
July 17, 2020J.B. Hunt Reports $121.7 Million in Net Earnings
J.B. Hunt Transport Services reported that second-quarter profits and revenue declined versus year-ago levels.
July 17, 2020More Fleets Are Going Green at Their Facilities
A growing number of transportation and logistics providers are cutting costs and going green with energy-efficient truck terminals and warehouses.
July 17, 2020Barr Says US Overly Reliant on Chinese Goods, Services
The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said July 16.
July 16, 2020Americans Take Up New Eating Habits, Forcing Farms to Raze Crops
Americans have rapidly changed the ways they buy, cook and eat food in just four months, leaving everyone from farmers to restaurants unable to match their pivot.
July 16, 2020C.H. Robinson, Microsoft Forge Alliance to Enhance Supply Chain Monitoring
C.H. Robinson and Microsoft Corp. have aligned with the goal of digitally transforming supply chains to improve monitoring, the logistics company announced July 14.
July 15, 2020