The good news is the U.S. economy will continue to expand through at least 2017. The bad news is it won’t expand that much
A key indicator of trucking activity in October rebounded, thanks to an uptick in retail and manufacturing business.
India’s global merchandise exports in October fell for the first time in seven months on a year-on-year basis, primarily due to a sharp decline in engineering shipments, according to provisional government statistics.
As the U.S. economy gets stronger and freight demand rises, large truckload carriers are beginning to add trucks, driving the JOC Truckload Capacity Index up 1 percentage point in the third quarter.
Bunker fuel prices continued to drop this week, as pricing has declined 30 percent since June.
Rising freight rates, partly resulting from “turmoil” in the U.S. domestic supply chain, could increase the share transportation and logistics contributes to national GDP, hurting the country’s global competitiveness, said the author of well-read annual logistics report.
Notable quotes from sources in news stories and analysis on JOC.com from Monday, Nov. 3 through Saturday, Nov. 8.
Net orders for the Class 8 trucks that literally keep the economy in motion soared in October, underscoring growing confidence about the strength of the recovery and the outlook for 2015.
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Saia, the 10th-largest U.S. less-than-truckload carrier, increased tonnage, shipments, revenue and profit in the third quarter, and so far in the fourth quarter sees no signs of a slowdown.