Trump, Xi Set to Formalize Trade Truce After Months of Chaos
Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.
GM Slashes EV Workforce After Trump Ends Tax Breaks
The total includes 3,400 workers that were furloughed over the summer at its Factory Zero plant in Detroit, where the electric Chevrolet Silverado, GMC Sierra and Hummer EVs are made.
Fed Cuts Rates Again Amid Labor Market Weakness
In their post-meeting statement, Fed policymakers on Oct. 29 repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.”
Trucking Combats Soaring Nuclear Verdicts and Insurance Costs
The trucking industry has been facing surging unfavorable verdicts and insurance costs as biases and policies drive up costs beyond economic reality, according to a panel of experts.
CBO: Shutdown Has Already Cost Economy $18 Billion
GDP is already poised to be at least one percentage point lower in the fourth quarter due to the government shutdown, according to the CBO report released Oct. 29.
29 truck carrier files Chapter 11
VIB Trans, Inc., an Illinois-based trucking carrier operating a fleet of 29 trucks, has filed for Chapter 11 bankruptcy protection amid the Great Freight Recession, the longest downturn in trucking…
First look: C.H. Robinson again is strong, and Wall Street throws roses
The financial performance of C.H. Robinson (NASDAQ: CHRW) continued to rip higher in the third quarter, with various levels of profitability and performance improved even as there was no sign…
Largest capacity purge in history coming
Industry economist projects that 600,000 active drivers could be eliminated from trucking The Calm Before the Storm: Freight’s Current Reality The freight industry is experiencing what experts describe as one…
NMFTA’s freight classification overhaul: surprising shipper preparedness
Explore NMFTA's freight classification overhaul and its impact on LTL shipping efficiency. The post NMFTA’s freight classification overhaul: surprising shipper preparedness appeared first on FreightWaves.
DHL Express invests $90M in New York delivery upgrades
DHL has moved to a bigger package distribution center just outside Manhattan, upgraded parcel handling technology and added a freighter aircraft service to Newark as part of strategic investment in…