What Trucking And Freight Just Said About The Goods-Based Economy In The U.S.

cate_89/Shutterstock  The transportation sector, a reflection of the goods-based economy in the US.....»»

Scott Olson/Getty Images Freight ship.....»»

The recent cyberattack on Colonial Pipeline combined with a pandemic-recovering economy have hit the trucking industry, which plays a crucial role in consumer spending......»»

A coalition of trucking companies filed a petition on Monday to force an Indianapolis-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. read more.....»»

The American Transportation Research Institute ranks truck bottlenecks by measuring truck speeds and truck volumes based on GPS data from more than 1 million freight trucks......»»

Broad-based volume growth in the majority of freight markets led to slight capacity tightening and hikes in spot rates amongst some of the most challenging lanes. Reefer rates continue to rebound. read more.....»»

Old Dominion Freight Line (Nasdaq: ODFL) on Friday announced that its board of directors approved a two-year stock repurchase program, authorizing the repurchase of up to $700 million of its outstanding common stock. The Thomasville-based, less-than.....»»

While it’s too early to gauge the long-term impacts of the novel coronavirus (COVID-19) on the trucking and transportation industries, freight volumes have surged nearly 10% in recent weeks due to increased consumer demand for warehoused goods. .....»»

Mario Tama/Getty Images Convoy just raised $400 million for its freight brokerage and software solution. The Seattle-based trucking tech unicorn is now valued at $2.75 billion. Convoy was unable to share the details of that valuation.....»»

Authored by Mike Shedlock via MishTalk, Based on global shipping indexes, Cass expects a US GDP contraction in the third or fourth quarter. The Cass Freight Index® Report shows trucking sh.....»»

U.S. economy is growing faster in the third quarter than previously thought based on this week's June data on durable goods orders and new home sales, the New York Federal Reserve's Nowcast model showed on Friday......»»

The U.S. economy grew at a 1.3% annualized rate in the second quarter based on June data on domestic durable goods orders and advance goods trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday......»»

Lakefront Futures & Options, LLC., a Chicago-based derivatives brokerage, has created a derivatives group focused on the U.S. trucking and freight shipping sector. read more.....»»

Dayton Freight Lines Inc. is once again expanding. The Vandalia-based trucking company has opened a new service center in Topeka, Kansas.  The new location is a company-owned facility and expands its footprint further west. This allows Dayton Frei.....»»

Economic data from the goods side of the economy continued to underperform in April, as both retail sales and industrial production unexpectedly declined during the month read more.....»»

Authored by Wolf Richter via WolfStreet.com, It's cyclical, stupid! The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across al.....»»

The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in October, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday......»»

In the past five years, the increasing complexity of supply chains, changing customer expectations, and constraints on trucking capacity have created an opportunity for high-growth freight.....»»

Freight rates for dry-bulk and container ships, carriers of most of the world's raw materials and finished goods, have plunged over the last six months in the latest sign the global economy is slowing significantly......»»

Ahead of the public launch of Trucking Freight Futures contracts on March 29, one company has decided to jump in feet first with a subsidiary dedicated to helping its customers navigate the futures market. read more.....»»