14 Jan Surging Shipping Rates Pose New Headwind for Global Economy Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020. Read more...
14 Jan East Coast Warehouse Acquires Temp-Distribution of Maryland Temperature-controlled logistics provider East Coast Warehouse & Distribution has acquired Temp-Distribution of Maryland Inc. Read more...
14 Jan US Jobless Claims Jump by Most Since March, Approach 1 Million Applications for U.S. state unemployment benefits surged last week by the most since late March, pointing to persistent labor market pain as coronavirus infections continue to soar and potentially adding to momentum for a larger federal stimulus plan. Read more...
14 Jan Diesel Forward Acquires Dipaco Diesel Forward is expanding its diesel fuel systems services by increasing its repair parts offering with the acquisition of Dipaco. Read more...
14 Jan DB Schenker Halts Deliveries to UK Due to Brexit Trouble DB Schenker, a major logistics company owned by German rail giant Deutsche Bahn AG, suspended deliveries to the U.K. due to “significant” problems caused by post-Brexit red tape. Read more...
13 Jan ‘No Excuse for Failure’ on Infrastructure Policy, US Chamber Leader Says Approving comprehensive legislation aimed at upgrading the country’s infrastructure systems is a way for the incoming Biden administration to stimulate an economy hard-hit by the pandemic, the leader of the U.S. Chamber of Commerce said. Read more...
13 Jan FMCSA Names Members of Its MCSAC Advisory Committee The Federal Motor Carrier Safety Administration on Jan. 13 announced this year’s members for its Motor Carrier Safety Advisory Committee, which includes a record number of women as well as its first female vice chair. Read more...
13 Jan EPA Readies Biofuel Waivers, Delays for Trump’s Final Days The Trump administration is expected to exempt some oil refineries from 2019 mandates to use renewable fuel as it readies possible last-minute moves on U.S. biofuel policy. Read more...
13 Jan US Trailer Orders in December Surge Past Year Earlier U.S. trailer orders in December jumped 140% from a year earlier as they cleared 42,000, ACT Research reported, citing trailer makers’ initial data. Read more...
13 Jan US Diesel Stockpiles Swell as Global Fuel Demand Falters The world’s appetite for U.S. diesel is falling, leaving stockpiles of the fuel at their highest level since early October. Read more...