05 Jan Class 8 Orders Clear 37,000 in December, Up 75% North American Class 8 orders in December rolled past 37,000 and improved 75% year-over-year, ACT Research Co. reported. Read more...
05 Jan US Trade Deficit Balloons to Widest in Almost Six Years The U.S. trade deficit in November reached the highest level in almost six years as an increase in imports exceeded a gain in shipments overseas, Commerce Department data showed Jan. 5. Read more...
05 Jan US Added Fewer Jobs Than Expected in December U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest level since 2000, adding to signs of a full-employment economy. Read more...
04 Jan Ports, Railroads Tout Victories on the Tax Law to Their Industries Like the trucking industry, the port authorities and Class I railroads believe the Tax Cuts and Jobs Act will benefit their modes of transportation, according to associations that represent them. Read more...
04 Jan New Tax Law Will Compel Trucking Companies to Analyze How to Adjust Their Business Models From large carriers to single-truck fleets, many in the industry are analyzing how the federal Tax Cuts and Jobs Act will impact their income and are formulating strategies to adapt to the new rules — including the possibility of restructuring their companies, accountants said. Read more...
04 Jan New Tax Law Will Force Trucking Companies to Analyze How to Adjust Their Business Models From large carriers to single-truck fleets, many in the industry are analyzing how the federal Tax Cuts and Jobs Act will impact their income and are formulating strategies to adapt to the new rules — including the possibility of restructuring their companies, accountants said. Read more...
04 Jan Editorial: Cold Outside, but Transportation’s a Hot Topic It's cold outside, but trucking issues will heat up with the Transportation Research Board's annual meeting just around the corner. Read more...
04 Jan Complex Proposed CSA Replacement May Take Time to Decipher A possible replacement for the much-maligned Compliance, Safety, Accountability framework the Federal Motor Carrier Safety Administration uses to measure motor carriers’ safety performance has been recommended by an elite panel of academics, but its complexity may prove challenging to the trucking industry, experts said. Read more...
04 Jan Trump Seeks to Open Most US Coastal Waters to New Drilling The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills. Read more...
04 Jan Sen. Schumer, Teamsters Push for Bill to Cover Pensions Sen. Chuck Schumer and Rep. Peter King joined Long Island Teamsters Jan. 2 in calling for union pension shortfalls to be funded through Treasury bonds tied to the federal budget. Read more...