Canada’s economy may soon endure something it hasn’t faced in 68 years: A recession without the U.S. in the same boat. That’s the view of Jim Mylonas, global macro strategist at BCA Research Inc. in Montreal, a firm that’s been making calls on markets and economies since 1949. Mylonas says the surge in household debt combined […]
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The Federal Reserve Opens a New Window.affirmed its optimistic outlook for the U.S. economy Opens a New Window.in 2019. “The economy has good momentum going into 2019,” Federal Reserve Vice Chairman Richard Clarida said in an exclusive interview on FOX Business on Monday. “Our priority is pursuing a monetary policy that will achieve our objective, which is full employment and […]
Anyone ordering a new heavy-duty truck this summer will have wait until sometime next year to get it, assuming strained manufacturing supply chains hold together. An unprecedented run of orders for big rigs has pushed the backlog at truck factories to nine months, according to industry analysts, the largest since early 2006, when truckers stocked […]
Three U.S. senators introduced legislation that would create a training program giving those under the age of 21 the opportunity to operate commercial vehicles in interstate trucking.
Several organizations — including trucking’s leading owner-operator group — have sent a letter to the federal government opposing two pieces of legislation that would lower the age requirement for getting a CDL and driving from state to state.
China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.
Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts.
The Federal Motor Carrier Safety Administration announced a new waiver from the electronic logging device (ELD) mandate for livestock and agriculture haulers, and offered additional enforcement insight as full implementation nears.
Newly released data from the Federal Railroad Administration (FRA) confirms that recent years remain the safest ever for U.S. railroads. Through employee commitment to safety and investments in maintenance and new technologies, the industry has maintained the strong safety record of recent years, with the train accident rate down 28 percent in the last decade […]
After a steep plunge into negative growth in mid-2016, world air cargo traffic rebounded sharply last year and is on course for 4.2 percent average annual tonnage gains through 2020. The pace is currently outracing cargo belly and freighter capacity, improving yields for carriers, and creating space shortages for shippers. That is essentially the snapshot […]