19 Dec Fed Raises Rates, Trims Forecast for Hikes in 2019 From Three to Two The Federal Reserve raised borrowing costs for the fourth time this year Dec. 19, ignoring a stock market sell-off and defying pressure from President Donald Trump, while dialing back projections for interest rates and economic growth in 2019. Read more...
19 Dec China Buys More US Soybeans as Agriculture Trade Woes Ease China, the world’s largest consumer of soybeans, bought American-grown oilseed for a second week after largely shunning U.S. supplies earlier this year in a trade war between the countries. Read more...
19 Dec A Year In, ELD Compliance Is Still Big News In the first full year of ELD compliance, waivers and compliance dominate the top 10. Amazon continues to make headlines as well. Read more...
19 Dec FedEx Stock Takes Beating on Bleak European Outlook FedEx Corp. shares plunged Dec. 19, after its “jarring” cut to annual forecasts and bleak commentary about European economy and global trade alarmed the market. Read more...
19 Dec Existing Home Sales Rise for Second Month Sales of previously owned U.S. homes rose for a second straight month and exceeded forecasts in November, suggesting consumer demand is picking up as price gains moderate amid more generous inventories. Read more...
19 Dec Horton Releases Line of Fan Clutches Horton Inc. released Klondike by Horton, a brand of aftermarket fan clutches, remanufactures, repair kits and accessories intended to give second or third owners of a vehicle a dependable fan clutch option at a competitive price. Read more...
19 Dec FCC Evaluates Sharing Connected Vehicle Spectrum With Wi-Fi The Federal Communications Commission is deciding whether further testing is needed to determine if communications between connected vehicles, including trucks, can share a slice of spectrum with Wi-Fi broadband services seeking to use it, too. Read more...
19 Dec Manitoulin Transport Buys Yukon Business in Latest Acquisition Manitoulin Transport has purchased Kluane Freight Lines Ltd.’s book of business and formed a joint venture with Chief Isaac Group of Cos., according to a Manitoulin news release. Read more...
19 Dec Manitoulin Transport Buys Yukon Freight Co. in Latest Acquisition Manitoulin Transport has purchased Kluane Freight Lines Ltd.’s book of business and formed a joint venture with Chief Isaac Group of Cos., according to a Manitoulin news release. Read more...
19 Dec Ozark Motor Lines Raises Pay as Trucker Shortage Creates Worker Demand Two motor carriers are closing out the year with pay increases for drivers, capping off a 2018 trend that saw many fleets boost compensation in order to attract and retain drivers. Read more...