Many Drivers Opt to Stay on the Road Due to Enjoyment and Financial Reasons
A recent survey by Truckers News and Commercial Carrier Journal found that many truck drivers have no plans to retire.
Potential UPS Strike Threatens Supply Chain Chaos and Economic Impact
With the July 31 strike deadline approaching for Teamsters at UPS, concerns are growing about the potential impact on the supply chain and the economy.
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).
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.
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.
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.
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.
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.
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.
Federal Reserve Signals Mild Recession and More Interest Rate Hikes
The minutes from the Federal Reserve's June meeting indicate that a mild recession is expected, accompanied by further interest rate hikes to combat inflation.
Survey Reveals Average Income Levels for Financial Security and Feeling Rich in the US, While Many Struggle with Financial Insecurity
Survey results from Bankrate reveal that the average amount needed by US adults to feel financially secure is $233,000 per year, while $483,000 per year is the average amount required to feel rich or achieve financial freedom.
Sheetz Celebrates Fourth of July with Gas Prices Dropping to $1.776 per Gallon
Sheetz, a convenience store chain, has attracted long lines of vehicles at select Pennsylvania locations as customers take advantage of their Fourth of July promotion, offering gas prices at $1.776 per gallon.
The South Emerges as the New Economic Powerhouse with a US$100B Wealth Migration
The Southeastern region of the United States, known as the "New New South," is experiencing a significant economic shift with the rise of electric-vehicle factories and battery plants.
Concerns Mount as Americans Question Affordability Amid Economic Worries and Inflation
As the United States approaches Independence Day and gears up for the 2024 presidential election, many Americans are grappling with the financial strain caused by soaring prices of essential goods and services.
According to the Treasury Secretary's Own Criteria, We Have Entered a Recession Once Again
Troubling data released by the Department of Commerce reveals that the economy has experienced a decline in gross domestic income (GDI) over the past six months, contradicting President Joe Biden's assertion of a "strong as hell" economy.
Retail and CPG Executives Rank Supply Chain Disruption as a Major Concern
A recent report by Genpact and HFS reveals that supply chain disruption is a top concern for retail and consumer packaged goods (CPG) executives.
El Niño's Impending Impact on the Horizon
The National Oceanic and Atmospheric Administration has identified El Niño conditions present in May, with expectations of gradual strengthening into the winter of 2023 and 2024, including a 56% probability of a strong El Niño developing.
Federal Reserve Chair Powell Reaffirms Expectation of Further Rate Hikes Amid Persistent High Inflation
Federal Reserve Chair Jerome Powell reaffirmed the likelihood of raising interest rates at least once more this year due to persistent inflation in the service sector and a tight job market.
Expectations of Further Rate Hikes in 2023
Federal Reserve officials expect to raise interest rates further this year to combat excessive inflation in the United States, according to Chair Jerome Powell.
Fed Research Identifies Main Culprit Behind US Inflation Spike
The breakdown of global supply chains during the pandemic has been widely recognized as a major driver of inflation.