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Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity. And housing starts fell for the second straight month.
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FedEx earnings during its fiscal 2018 first quarter fell 17% from a year ago as a result of a cyberattack and Hurricane Harvey, despite a slight improvement in revenue.
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Retail sales in the U.S. reversed course in August along with industrial production, both taking a hit due to due to recent storms, as price inflation reared its head, while consumers appeared to be ever resilient.
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In Hurricane Harvey's wake, the rearrangement of supply chains, the difficulty of shipping in the flooded region, and a tightening spot market pushed spot freight rates higher on 78 of the top 100 van lanes in the country.
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Chassis provider CIMC Intermodal Equipment is sending up to 600 40-foot gooseneck chassis to the Houston area this week as replacements for equipment damaged by Hurricane Harvey flooding.
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Trucking industry companies across the nation are pledging charitable support for the victims of Hurricane Harvey and the long recovery effort ahead.
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Noel Perry with FTR and Truckstop.com explores what spot freight data can tell us about Hurricane Harvey’s impact to the trucking industry, examining how the market is predicting conditions on the ground.
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The widest measure of the health of the American economy was revised higher for the second quarter of the year, hitting its best pace in two years, while separate reports show hiring and consumers' feeling about the economy remain strong.
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While Hurricane Harvey hit on Friday, Aug. 25, its effect on supply chains and spot truckload rates won’t be fully reflected until a week later, according to freight matching service provider DAT Solutions, which reported spot truckload rates were stable for the seven day period ending Aug. 26.
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