28 Aug DrayNow Raises $5 Million to Expand Services Nationwide DrayNow, a new load-matching service that is focused on helping shippers and freight brokerage firms find drayage capacity, has received $5 million in funding to expand its business nationwide. Read more...
28 Aug Used Truck Prices, Sales Climb in July Used truck sales rose in July, as did the average price in a hot market where finding inventory to buy or sell is a challenge, ACT Research Co. reported. Read more...
28 Aug Consumer Confidence Rises to Highest in Almost 18 Years Consumer confidence unexpectedly rose in August to the highest level since October 2000, according to a report Aug. 28 from the New York-based Conference Board, on improved assessments of the economy and the outlook. Read more...
28 Aug Trump in No Hurry to Resume Tariff Talks With China The Trump administration is putting trade negotiations with China on the back burner while focusing first on resolving issues in the North American hemisphere, reaching a breakthrough agreement between the United States and Mexico. Read more...
28 Aug Opinion: Sensing the Future of Fleet Maintenance and Efficiency Fuel is often one of the first considerations in calculating annual expenses. According to the American Transportation Research Institute’s 2017 Analysis of the Operational Costs of Trucking, nearly 40% of operating costs are derived from fuel alone. Read more...
28 Aug American Companies Are Raising Prices at a Brisk Pace President Donald Trump is giving many businesses an unexpected benefit on top of lower taxes and regulatory relief: He’s helping to restore their pricing power. Read more...
28 Aug Home Prices in 20 US Cities Post Smallest Gain Since 2016 Home prices in 20 U.S. cities rose in June at the slowest monthly pace in almost two years as demand cools in the face of affordability constraints, including elevated mortgage rates, according to S&P CoreLogic Case-Shiller data released Aug. 28. Read more...
28 Aug GlobalTranz Completes Another Agent Acquisition GlobalTranz Enterprises announced the purchase of SynchOne, the less-than-truckload freight brokerage division of Synchrologistics LLC in Greensboro, N.C., for an undislosed amount. Read more...
28 Aug Truckstop.com Acquires D&S Factors Load board operator Truckstop.com continues its quest to offer a broader range of business services with the acquisition of D&S Factors, a company based in Fruitland, Idaho, that provides accounts receivable financing to freight brokers and motor carriers. Read more...
28 Aug RIDOT Asks for Dismissal of ATA Truck Tolls Lawsuit Rhode Island is seeking a dismissal of a lawsuit over its new truck-tolling program, asking a federal court to intervene. Read more...