Class 8 truck sales in the United States rose from the ashes of what appeared to be a subpar year compared to the past three, and showed the strongest monthly figure since mid-2015 to come within 420 sales of equaling 2016’s total, something many analysts thought was not likely to happen.
As truckers well know, U.S. diesel prices rose more than 2 cents a gallon to $3 on January 8, which is 40 cents higher than it was that time a year ago. That’s because the price of oil, from which diesel is made, is going up. And it will likely continue its upward trajectory.
WASHINGTON — The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, reached an all-time high in November, rising 0.2 percent in November from October, growing for the second consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS).
WASHINGTON — Imports at the nation’s major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
WASHINGTON — U.S. employers added 148,000 jobs in December, a modest gain but still enough to suggest that the economy entered the new year with solid momentum.