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U.S. Diesel Prices Remain Steady at $3.806 per Gallon
Fuel, Nuts & Bolts, Inflation, Money Matters Jennifer Joslyn 7/19/23 Fuel, Nuts & Bolts, Inflation, Money Matters Jennifer Joslyn 7/19/23

U.S. Diesel Prices Remain Steady at $3.806 per Gallon

The national average price of diesel fuel in the United States remained unchanged at $3.806 per gallon for the week of July 17, according to the U.S. Energy Information Administration (EIA).

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June Indicates Spot Rates Have Reached Their Lowest Point
Inflation, Money Matters Jennifer Joslyn 7/19/23 Inflation, Money Matters Jennifer Joslyn 7/19/23

June Indicates Spot Rates Have Reached Their Lowest Point

DAT Freight & Analytics reports that truckload freight volumes and spot rates remained steady in June, while contract rates reached their lowest levels in nearly two years.

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Climate Change Renders Parts of America Uninsurable as Risk Increases
Insurance, Money Matters Jennifer Joslyn 7/18/23 Insurance, Money Matters Jennifer Joslyn 7/18/23

Climate Change Renders Parts of America Uninsurable as Risk Increases

Insurance companies are facing increasing difficulties in providing coverage for damages caused by rising average temperatures, leading them to withdraw from certain markets.

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Solutions for a Skilled Workforce
Shortages, Hot Spots, Human Resources, Money Matters Jennifer Joslyn 7/17/23 Shortages, Hot Spots, Human Resources, Money Matters Jennifer Joslyn 7/17/23

Solutions for a Skilled Workforce

The trucking industry is grappling with a shortage of technicians, and traditional approaches to recruitment and retention have yielded limited results.

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Trucking Operational Costs Reach Record High in 2022, Affecting Carriers' Financial Stability
Leases & Loans, Money Matters Jennifer Joslyn 7/14/23 Leases & Loans, Money Matters Jennifer Joslyn 7/14/23

Trucking Operational Costs Reach Record High in 2022, Affecting Carriers' Financial Stability

According to the American Transportation Research Institute (ATRI), running a trucking business has become more expensive due to rising fuel, wage, and equipment costs.

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US Inflation Eases as Consumer Price Index Shows Promising Slowdown
Inflation, Money Matters Jennifer Joslyn 7/14/23 Inflation, Money Matters Jennifer Joslyn 7/14/23

US Inflation Eases as Consumer Price Index Shows Promising Slowdown

The latest Consumer Price Index (CPI) report indicates that inflation in the US is slowing, providing promising news for households.

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US Wholesale Prices Show Further Deceleration, Indicating Easing Inflationary Pressures
Sales, Inflation, Money Matters Jennifer Joslyn 7/14/23 Sales, Inflation, Money Matters Jennifer Joslyn 7/14/23

US Wholesale Prices Show Further Deceleration, Indicating Easing Inflationary Pressures

Wholesale prices in the United States continued to decelerate, signaling a reduction in inflationary pressures.

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U.S. DOT Launches Task Force to Address Predatory Truck Lease-Purchase Agreements
Regulations, Nuts & Bolts, Driver Issues, Behind the Wheel, Leases & Loans, Sales, Money Matters Jennifer Joslyn 7/14/23 Regulations, Nuts & Bolts, Driver Issues, Behind the Wheel, Leases & Loans, Sales, Money Matters Jennifer Joslyn 7/14/23

U.S. DOT Launches Task Force to Address Predatory Truck Lease-Purchase Agreements

The U.S. Department of Transportation (DOT) has formed a Truck Leasing Task Force to address predatory lease-purchase agreements that exploit truck drivers.

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North American Class 8 Truck Orders Experience Second Consecutive Year-Over-Year Increase in June
Sales, Money Matters Jennifer Joslyn 7/14/23 Sales, Money Matters Jennifer Joslyn 7/14/23

North American Class 8 Truck Orders Experience Second Consecutive Year-Over-Year Increase in June

According to ACT Research, North American Class 8 truck orders rose by 4.5% year-over-year in June, marking the second consecutive month of growth.

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CADDi Secures $89M Funding Amid Challenging Supply Chain Management Landscape
Leases & Loans, Money Matters Jennifer Joslyn 7/13/23 Leases & Loans, Money Matters Jennifer Joslyn 7/13/23

CADDi Secures $89M Funding Amid Challenging Supply Chain Management Landscape

CADDi, a global procurement startup, has secured $89 million in a Series C funding round, even as the supply chain management sector has experienced a decline in funding.

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US Inflation Reaches Lowest Level Since 2021, Offering Relief to Households Amidst Easing Prices
Inflation, Money Matters Jennifer Joslyn 7/13/23 Inflation, Money Matters Jennifer Joslyn 7/13/23

US Inflation Reaches Lowest Level Since 2021, Offering Relief to Households Amidst Easing Prices

Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.

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Critics Question Biden's Economic Agenda as Kevin O'Leary Warns of Crisis for Small Businesses
American Politics, Hot Spots, Inflation, Money Matters Jennifer Joslyn 7/13/23 American Politics, Hot Spots, Inflation, Money Matters Jennifer Joslyn 7/13/23

Critics Question Biden's Economic Agenda as Kevin O'Leary Warns of Crisis for Small Businesses

Critics continue to question the true cost of President Biden's economic agenda, despite his promotion of "Bidenomics" during his reelection campaign.

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Hallmark Strengthens Distribution Network with Second Liberty Facility
Sales, Money Matters Jennifer Joslyn 7/13/23 Sales, Money Matters Jennifer Joslyn 7/13/23

Hallmark Strengthens Distribution Network with Second Liberty Facility

Hallmark has opened a second distribution center, named Liberty II, in Liberty, Missouri, as part of its efforts to optimize and centralize its distribution network.

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EV Auto Industry Struggles as Supply Outpaces Consumer Demand
Sales, Money Matters, Electric Vehicles, High Tech / High Touch Jennifer Joslyn 7/12/23 Sales, Money Matters, Electric Vehicles, High Tech / High Touch Jennifer Joslyn 7/12/23

EV Auto Industry Struggles as Supply Outpaces Consumer Demand

The auto industry is facing a significant challenge as the supply of electric vehicles outpaces consumer demand.

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Wholesale Used Vehicle Prices Experience Significant Decline, Set to Stabilize in Second Half of the Year
Inflation, Sales, Money Matters Jennifer Joslyn 7/12/23 Inflation, Sales, Money Matters Jennifer Joslyn 7/12/23

Wholesale Used Vehicle Prices Experience Significant Decline, Set to Stabilize in Second Half of the Year

Wholesale used vehicle prices recorded their largest monthly decline since the start of the pandemic, signaling a potential stabilization in the market during the second half of the year.

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Trucking Industry Faces Ongoing Downturn in Freight Cycle, Balanced by Positive Destocking Trends Amid Low Demand
Sales, Money Matters Jennifer Joslyn 7/12/23 Sales, Money Matters Jennifer Joslyn 7/12/23

Trucking Industry Faces Ongoing Downturn in Freight Cycle, Balanced by Positive Destocking Trends Amid Low Demand

The trucking industry experiences an ongoing freight cycle downturn, although positive de-stocking trends have provided some balance amid low demand.

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Walmart Unveils Largest Fulfilment Center to Strengthen E-Commerce Expansion
Sales, Money Matters Jennifer Joslyn 7/12/23 Sales, Money Matters Jennifer Joslyn 7/12/23

Walmart Unveils Largest Fulfilment Center to Strengthen E-Commerce Expansion

Walmart has opened its largest fulfillment center in McCordsville, Indiana, as part of its e-commerce growth strategy to reach 95% of the US population within two days of ordering.

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Independence Day Holiday Week Sees Decline in Spot Market Freight Rates and Volumes, with Flatbed Rates Showing Resilience
Sales, Money Matters Jennifer Joslyn 7/12/23 Sales, Money Matters Jennifer Joslyn 7/12/23

Independence Day Holiday Week Sees Decline in Spot Market Freight Rates and Volumes, with Flatbed Rates Showing Resilience

Spot market freight rates and volumes experienced a decline during the Independence Day holiday week, according to the Truckstop system.

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June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion
Human Resources, Money Matters Jennifer Joslyn 7/11/23 Human Resources, Money Matters Jennifer Joslyn 7/11/23

June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion

The latest ISM Report on Business reveals that the services economy experienced growth in June, marking the sixth consecutive month of expansion.

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Logistics Industry Contracts for Second Consecutive Month, Inventory Levels Decline
Sales, Money Matters, Driver Issues, Behind the Wheel Jennifer Joslyn 7/11/23 Sales, Money Matters, Driver Issues, Behind the Wheel Jennifer Joslyn 7/11/23

Logistics Industry Contracts for Second Consecutive Month, Inventory Levels Decline

Economic activity in the logistics industry declined for the second consecutive month in June, as revealed by the Logistics Managers' Index report.

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