U.S. home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million units.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 14, 2016. For this week, total U.S. weekly rail traffic was 498,379 carloads and intermodal units, down 9.2 percent compared with the same week last year.
The number of truck cargo thefts in the U.S. increased in the first quarter of the year but the average value of each heist declined, according to a new report from the logistics security services provider FreightWatch International.
The U.S. is not the only place struggling with a shortage of truck drivers, one which is forecast to only get worse as the years pass and current drivers retire or quit and fewer young drivers enter the profession. A neighbor to the north has the same concern, and so do folks down under. Same […]
A truck driver who climbs aboard a new Class 8 tractor and drives 140 miles produces less fine particle emissions than a chef grilling a one-third pound hamburger. This fun fact comes just 10 years after the introduction of ultra-low sulfur diesel fuel for commercial trucks in 2006, according to the Diesel Technology Forum. The […]
Ocean carriers’ operating costs increased by $500 million in 2015 due to tougher fuel emissions regulations for ships sailing in North European and North American waters that came into effect last year, according to the Organisation for Economic Co-operation and Development. (This article requires registration at the Journal of Commerce. To access, please click on […]
Oil prices are drifting lower Thursday on a stronger dollar and an unexpected increase in U.S. crude inventories. The fall comes after a rally in recent sessions fueled by production outages in Africa and Canada. Production declines across the globe have propelled expectations of shrinking the global oversupply, but many countries are still pumping at […]
Nestle voiced its support Wednesday for legislation proposed in the House and Senate that aims to reduce food waste by standardizing date labels on food and beverage products. General Mills also announced its support for a national date labeling standard.
Consumers boosted spending in April to the highest levels in more than a year, accelerating their turn toward online shopping and widening the divide between in-store retailers and Internet outlets pitching lower prices and convenience. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
Approximately 37.5 percent of imports to the United States were contracted by non-vessel operating common carriers in the first quarter of 2016, according to research firm Datamyne.
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