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economy

Browse stories from the iTrucker archive.

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News · Jun 8, 2019

Trump suspends planned tariffs for Mexico, that's good news for trucking

Late afternoon President Donald Trump informed the public that he is suspending his plan to impose tariffs after reaching a deal with Mexico. In a tweet released late afternoon, Trump wrote - "I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended."Trump also wrote - "Mexico, in turn, has agreed to take strong measures to stem the tide

News · Jun 7, 2019

Trucking hires continue to stall as job growth cools down

"Job growth fell well short of expectations in May as the economy added just 75,000 workers to payrolls during the month. Within the transportation and logistics sector, job growth also struggled as trucking hires continue to stall in the 2nd quarter." - According to article in http://freightwaves.com and its author Ibrahiim Bayaan Bayaan also wrote - "The Bureau of Labor Statistics (BLS) reported that the economy added 75,000 workers to payrolls in May. This fell short of consensus estimates of

News · May 23, 2019

The sky may have fallen on freight market after new tariffs are implemented against China

"Like the “snap” in the Avengers movie, where the big bad villain, Thanos, eliminated half the life in the universe, something similar occurred to the freight market after the trade war escalated between China and the U.S earlier this month. It is hard to imagine the freight market being so fragile that one action — tariff increases — could drop national freight volumes 4% to 5% overnight. While it is difficult to say that is exactly what happened, the timing makes it hard to ignore the correlat

News · May 18, 2019

‘Trucking Conditions’ skid to a negative reading for the first time in years

‘Trucking Conditions’ skid to a negative reading "For the first time since a rocky 2016 and, before that, the lingering economic effects of the 2008-2009 Great Recession, FTR’s monthly Trucking Conditions Index has fallen into negative territory, signaling a swift softening in the underlying market conditions for carriers since early fall 2018". - According to article in ccjdigital.com Read full story here : here Source and credits : ccjdigital.com