21 Jun Home-Sales Pickup Signals Market Withstanding Weak Supply A pickup in sales of previously owned U.S. homes signals the housing market is making progress despite inventory constraints that are sending prices to all-time highs, a report from the National Association of Realtors showed June 21. Read more...
20 Jun Total US Logistics Spend Dipped in 2016, Says CSCMP WASHINGTON - Anemic shipping volumes combined with weak pricing for transportation carriers in 2016 to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product. Read more...
20 Jun Truck Driver Drug Test Failure Rate Rises to Highest Level in Seven Years A new U.S. Department of Transportation drug testing report shows that the overall 2016 random positive drug test rate for truck drivers and other DOT security-sensitive employees rose to its highest level since at least 2009, including year-over-year increases in three of five drug categories. Read more...
20 Jun FedEx Profits Rise 65% FedEx Corp. reported profits grew year-over-year, increasing 65% over the last 12 months and easily beating the Bloomberg News consensus forecast on both an annual and quarterly basis. Read more...
20 Jun U.S. Xpress to Make SmartTruck Feature Standard on 2017 Trailer Builds SmartTruck announced truckload carrier U.S. Xpress will include its fuel-saving TopKit Aero System on all its trailer builds in 2017. Read more...
20 Jun Truck Tonnage Rises in May Truck tonnage rose 4.8% year-over-year in May, according to the monthly American Trucking Associations Tonnage Index, the largest gain since November 2016, echoing sentiments from analysts and trucking executives that the freight market has tightened in recent weeks as people spend more time outdoors. Read more...
20 Jun Oil Drops to Seven-Month Low as Libya Adds to Persistent Surplus Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage. Read more...
19 Jun Oil Prices Slide, Diesel Falls 3.5¢ to $2.489 a Gallon The U.S. average retail price of diesel dropped 3.5 cents to $2.489 a gallon, while crude oil prices fell below $45 a barrel - a range last seen in late November. It was diesel's third consecutive weekly decline. Read more...
19 Jun UPS to Charge More During Black Friday, Christmas Delivery Surge UPS Inc. will place its first holiday-season surcharges on U.S. packages, as the world's largest package-delivery company seeks to defray a surge in year-end costs. Read more...
19 Jun Amazon is Buying More Than Whole Foods; It's Getting Warehouses and Showrooms Amazon.com can ship books, furniture and clothing across the Pacific Ocean in what seems like a blink of an eye. But when it comes to delivering fresh groceries to your doorstep, the e-commerce giant's logistical prowess falters. Read more...