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
A truck driver seems to be the victim of a ‘catfish’ scam and now has a restraining order filed against him. A truck driver has had a restraining order filed against him by singer Kelly Clarkson after what appears to be a ‘catfishing’ scam. American Idol winner and pop star Kelly Clarkson has been granted a ...more
Police in Green Oak Township, Michigan, say that a semi truck driver and a motorist were killed in a head-on crash on Monday night. The crash occurred around 9:30 p.m. on Monday, December 12, on U.S. 23 in Green Oak Township.Authorities say that a semi truck traveling north on U.S. 23 crossed over into the ...more
This week, Iowa DOT Motor Vehicle Enforcement (MVE) called out a jaw dropping heavy equipment hauling violation on a commercial vehicle making a multi-state trek. On Monday, Iowa DOT MVE took to Facebook to share a driver violation that had to be seen to be believed on a truck hauling hay and a skid steer ...more
