19 Sep Federal Reserve Injects $75 Billion in Liquidity The Federal Reserve added a third dose of liquidity to a vital corner of the funding markets Sept. 19, helping rates retreat further as investors warn that fresh bouts of stress remain possible in the weeks ahead. Read more...
19 Sep Rail, Intermodal Providers Add Technology, Improve Operations to Boost Efficiency LONG BEACH, Calif. — Rail and intermodal providers said they are increasing speed and efficiency to become more competitive, and technology is helping them improve operations. Read more...
19 Sep Unemployment Filings Rise at Lower-Than-Expected Rate Filings for U.S. unemployment benefits rose less than estimated and remained around historically low levels, offering the latest signs that the labor market is holding up. Read more...
19 Sep Energy Efficiency Across Transportation Sector Focus of House Hearing Congressional support for technologies that promote energy efficiency is key to reducing emissions across the transportation landscape, industry stakeholders told a House panel Sept. 18. Read more...
19 Sep UPS Shipments Swell in Amazon Era A $20 billion investment spree detailed by UPS CEO David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers. Read more...
19 Sep IMO 2020 Could Shift Freight Patterns, Increase Costs LONG BEACH, Calif. — A panel representing the shipping industry spoke about the looming International Maritime Organization mandate that will require cargo vessels to burn low-sulfur diesel, and shippers and carriers said the requirements could lead to price increases or the rerouting of freight. Read more...
19 Sep US Steel Stock Takes Hit, Earnings Estimates Missed U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell. Read more...
18 Sep Panelists Stress Aftertreatment System Maintenance at TMC Meeting RALEIGH, N.C. — As trucks become more complex and high-tech, so, too, do the repairs and maintenance systems, experts said Sept. 18 at the fall meeting of American Trucking Associations’ Technology & Maintenance Council. Read more...
18 Sep Ports Post Record Volume as Holiday Season Begins Major U.S. seaports posted growth in containerized cargo volume for August, the start of the season when retailers begin importing holiday merchandise. Read more...
18 Sep Federal Reserve Cuts Rate .25% Federal Reserve policymakers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that’s holding up well. Read more...