Archive for August 8th, 2019

Load Volumes Accelerate Heading Into August

National load tender volumes (OTVI.USA) ended July and moved into August with positive numbers, posting a 208 basis points (bps) gain. This is the second week in a row where 2019 load volumes finished higher year-over-year compared with 2018. It is also the first week the 60-day moving average moved above 2018 levels, signaling a […]

Trucking revenues grew by nearly $100 billion in 2018

U.S. trucking revenue surged to $796.7 billion in 2018, a 13.8 percent increase from a year earlier. The American Trucking Associations (ATA) reported the figure in its annual American Trucking Trends 2019, released on July 31.

CVS Profits Jump Amid National HealthHub Expansion

CVS Health said its rollout of new “health hub” concept stores will reach four U.S. metropolitan areas and 50 locations by the end of this year with the company already seeing benefits in new customers and revenues.

Implications of Fed rate cut for carriers and shippers

Federal Reserve officials decided to add some additional stimulus into the economy, settling on a 25 basis point reduction in the federal funds rate at the conclusion of the July 30-31 Federal Open Market Committee (FOMC) meeting. This marks the first reduction in interest rates since 2008 and ends a monetary tightening cycle that began […]