15 Oct Universal Expands Drayage Business With Purchase of Specialized Rail Service Universal Logistics Holdings expanded its intermodal drayage business in the western United States with the purchase of Specialized Rail Service Inc. for $12.3 million. Read more...
12 Oct USPS Proposes Price Hike for Parcel Packages, Stamps The sticker price of parcel packages and first-class stamps will rise if the U.S. Postal Service has its way, with delivery prices for packages weighing more than one pound increasing 9.3%. Read more...
12 Oct Senate Clears Water Infrastructure Bill for Trump’s Signature A water infrastructure policy measure easily cleared the U.S. Senate on Oct. 10, and it’s ready for President Donald Trump’s signature. Read more...
12 Oct Tesla Model 3 Output Tops 100,000 in Milestone for Musk Tesla Inc. just reached a significant round-number milestone: 100,000 Model 3 electric cars have left the factory, according to the latest estimates from the Bloomberg tracker. Read more...
12 Oct Greenbriar Acquires Telematics Firm Spireon From Bertram Capital Bertram Capital announced the sale of Spireon Inc., a fast-growing truck and trailer telematics provider, to Greenbriar Equity Group, a handoff welcomed by Spireon CEO Kevin Weiss as a way to expand the business further. Read more...
12 Oct Consumer Sentiment Eased in October; Level Remains ‘Quite Favorable’ U.S. consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, according to a University of Michigan report Oct. 12. Read more...
12 Oct China Trade Surplus With US Widens to Record $34.1 Billion BEIJING — China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13% over a year earlier despite a worsening tariff war. Read more...
12 Oct Class 6 Strength Lifts Medium-Duty Sales in September U.S. retail sales of medium-duty trucks overall nudged higher in September, led by Class 6, the only sector to improve, WardsAuto.com reported. Read more...
12 Oct Trade War Drives Farmers to Corn as China Shuns US Soybeans President Donald Trump’s trade war with China is set to prompt a shift in the U.S. farm industry as growers switch to other crops. Read more...
12 Oct China Trade Surplus With US Widens to Record $34.1Billion BEIJING — China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13% over a year earlier despite a worsening tariff war. Read more...