Classes 4-7 U.S. retail sales in July slipped 7.3% compared with a year earlier, and only Class 6 with its typical base of bigger customers posted a gain, Wards Intelligence reported. Total sales were 17,682 compared with 19,082 in the 2021 period.
August 16, 2022Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Spending on Merchandise Slowing, Flexport Says
The latest reading of Flexport’s Post-COVID Indicator released Aug. 16 shows it falling for a third straight month.
August 16, 2022Factory Output Increases for First Time in Three Months
Production at U.S. factories increased in July for the first time in three months, propelled by a pickup in motor vehicle output that masked more mixed results in other categories.
August 16, 202291ÊÓÆµ Depot Posts Record Profit, Revenue
91ÊÓÆµ Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes.
August 16, 2022Walmart Tops Q2 Expectations as Americans Continue Spending
NEW YORK — Walmart reported better-than-expected second-quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.
August 16, 2022NTDC, Inspectors Tournaments Kick Off in Indy
More than 400 women and men representing carriers such as UPS Inc., FedEx Corp. and Walmart Inc., will test their skills in a trucking tournament referred to as the “Super Bowl of Safety" beginning Tuesday in Indianapolis at the National Truck Driving & Step Van Driving Championships.
August 15, 2022For Virginia’s Mark Brundage, NTDC Brings Industry Together
At the start of the year, Mark Brundage was tied up with plenty of work obligations and family commitments. But a last-minute opening in his schedule in May made it possible for Brundage to take a shot at Virginia’s trucking competition.
August 15, 2022L.A. Warehousing Mecca Halts Expansion Just as Needs Soar
Communities in the Inland Empire, the logistics mecca east of Los Angeles, are suspending new warehousing projects to examine the impact from decades of pollution, putting the industry under pressure when it’s needed most.
August 15, 2022Port of Mobile Sets Record for Container Shipping in July
The Alabama Port Authority set a new benchmark in July, moving more cargo containers than ever before, and port officials say that Mobile’s performance in an era of supply chain turmoil is being noticed.
August 15, 2022Los Angeles, Long Beach Ports Hail Supply Chain Progress
In January, a record 109 ships awaited entry into the combined ports of Los Angeles and Long Beach, often stretching to south Orange County. On Aug. 11, that number stood at nine ships.
August 15, 2022Trending
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