Inflation in the United States slowed again in November in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a year ago, the government said Dec. 13. That was down sharply from 7.7% in October and a recent peak ...more
The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023. “The substantial trade growth during the last year was largely due to increases in the value of the trade of ...more
Freight mobility technology company Einride announced it secured $500 million in financing, including a Series C equity raise and a debt facility. The $300 million in debt financing — which includes an initial facility rollout of $150 million starting in January — signed with Barclays Europe ensures long-term funding for Einride’s current and future electric, ...more
Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific Corp. was called to explain a spike in service restrictions. Univar Solutions Inc., a chemicals distributor, deals with all modes of transportation from air to barge, and railroads stand out as “notoriously difficult to do business ...more
TC Energy’s efforts to restart a segment of its Keystone oil pipeline after a 14,000-barrel spill have been delayed by bad weather, according to people familiar with the matter. The company’s latest estimate for resuming service on a leg of the pipeline extending to Patoka, Ill., is Dec. 14, said the people, who asked not ...more
Class 8 U.S. retail sales in November were the second-highest this year and continued the trend since May of monthly gains compared with a year earlier, Wards Intelligence reported. Sales rose 39.5% to 23,075 compared with 16,539 a year earlier. August posted the best sales so far with 23,581. Year-to-date sales rose 14.2% to 225,163 ...more
Tesla Inc. shares are trading at their cheapest ever by at least one measure as the electric vehicle giant grapples with an array of challenges, from waning demand in China to investor concern over billionaire CEO Elon Musk’s priorities. The stock is now trading at 29 times projected earnings, according to data compiled by Bloomberg. ...more
On Tuesday, the Texas Department of Public Safety (DPS) announced that state troopers will begin “frequent” and random commercial vehicle inspections in an effort to deter human and drug smuggling. According to a December 13 memo from Texas DPS, troopers began a campaign of random CMV inspections on Tuesday at international ports of entry (POEs) ...more
A truck driver does not have the time to wait for the line to move after fueling up his bobtail in this video. In the clip, the driver manages to wedge his way between the truck up ahead of him and the truck in the fuel island to his left, wiggling his way out of ...more
The Nebraska Department of Transportation (NDOT) has closed all roads into Colorado as a severe winter storm pummels the state. Around 2:30 p.m. on December 13, NDOT stated that “All roadways from Nebraska into Colorado are CLOSED” due to blizzard conditions that are making travel hazardous. Additionally closures remain in place at North Platte for westbound ...more
