28 Dec Consumer Confidence Jumps to Highest Level Since 2001 Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report Dec. 27 from the New York-based Conference Board. Read more...
27 Dec Daseke to Go Public as Part of $626 Million Deal Addison, Texas-based trucking company Daseke Inc. expects to go public early next year as part of a sale of the company to a Houston-based private equity firm, Hennessy Capital Acquisition Corp. II, in a $626 million debt and equity financed deal. Read more...
27 Dec Diesel Average Rises to Yearly High, Up 1.3¢ to $2.54 The U.S. average retail price of diesel jumped 1.3 cents to $2.54 a gallon, according to the Department of Energy, as the price of oil rose past $52 a barrel as plans to cut production gelled. Read more...
27 Dec Holiday Sales May Have Jumped 4.9% in Biggest Gain Since 2005 Holiday shoppers abandoned their early reluctance and boosted spending as the season wore on, pushing U.S. sales to the biggest increase in more than a decade, according to research firm Customer Growth Partners. Read more...
27 Dec NATSO's Mullings Named to ATRI's Research Advisory Committee Lisa Mullings, president of the National Association of Truck Stop Operators, has been appointed to serve on the American Transportation Research Institute's 2017-2018 Research Advisory Committee. Read more...
27 Dec Amazon Starts Flexing Muscle in New Space: Air Cargo A cargo plane emblazoned with "Prime Air" descended from an empty sky at Lehigh Valley International Airport in Pennsylvania on Dec. 20, 90 minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season. Read more...
27 Dec J.W. Speaker Offers New LED Headlight LED lighting manufacturer J. W. Speaker Corp., developed a new 4-inch by 6-inch LED headlight for the heavy-duty trucking market, and said the headlight already meets a proposed federal safety rating. Read more...
27 Dec Truckers Rely on the Pusher to Get Over California's Donner Summit With drought-defying snowstorms romping through the Sierra on a weekly basis, truckers once again are discovering how tough California's Interstate 80 Donner Pass can be. Read more...
27 Dec Consumer Sentiment at 12-Year High After Trump Win Consumer confidence jumped to the highest level since 2004, extending a surge in Americans' optimism for their finances and the U.S. economy after Donald Trump's election victory. Read more...
27 Dec Sales of New Homes Rise to Second-Fastest Pace Since 2008 Purchases of new U.S. homes increased in November to the second-fastest pace in almost nine years as the beginning of a spike in mortgage rates persuaded buyers to quickly sign contracts. Read more...