26 Oct African Logistics Company Lori Announces Expansion Lori Systems, a logistics startup based in Kenya, Africa, recently announced expansion into Uganda, Rwanda and South Sudan. Read more...
26 Oct GDP Grows 3.5% on Consumers, Inventories’ Spending The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014. Read more...
26 Oct Opinion: Times Are Good, but Our Industry Can't Rest It is a great time to be in trucking. Signs demonstrating the strength of our industry and economy are everywhere. Read more...
26 Oct Tight Inventory Raises September Used Truck Prices The sale price of the average Class 8 used truck jumped 13% in September amid ongoing demand for trucks in a market where freight is plentiful and capacity is tight, ACT Research Co. reported. Read more...
25 Oct Universal Logistics Reports Best-Ever 3Q Results Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year. Read more...
25 Oct USA Truck Continues Turnaround With Improved Results in 3Q USA Truck reported higher revenues and profits in the third quarter of 2018, continuing a financial turnaround started in 2017. Read more...
25 Oct LTL Carrier Old Dominion 3Q Financials Beat Analysts’ Expectations Citing the strong U.S. economy and available capacity, Old Dominion Freight Line Inc. produced record results for revenue and profitability during the third quarter, CEO Greg Gantt said Oct. 25. Read more...
25 Oct Truck Tonnage Dips, but Freight Outlook Remains Strong A year-long surge in freight volume continues despite a modest dip in a widely followed truck tonnage index over the past two months. Read more...
25 Oct Trade Gap Widens in September; Business Equipment Orders Down Again The U.S. merchandise-trade deficit widened to a record in September while orders for business equipment declined for a second month, adding to signs that an escalating tariff war is starting to constrain economic growth. Read more...
25 Oct New Jersey’s Sen. Robert Menendez, Bob Hugin Disagree on Infrastructure Funding This November, if New Jersey voters elect Republican political novice Bob Hugin to the U.S. Senate, President Donald Trump’s chances of advancing an infrastructure funding agenda through Congress next year could improve. Read more...