Pioneering The New 5G Era In Transportation And Logistics
Transportation And Logistics Is The Lifeblood Of Our Economy. Companies Are Using 5G To Uncover Exciting Possibilities Across Their People, Fleets, Assets, And Workflows. Learn how T-Mobile® For Business Can Help Fuel An Industry Transformation, Today And Tomorrow.
June 1, 2022Economy Shrank by 1.5% in Q1 but Consumers Kept Spending
WASHINGTON — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported May 26 in a slight downgrade of its previous estimate for the January-March quarter.
Freight Industry Downshifts From Hectic Pace for Shipping
A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a sign that the broader economy is downshifting to a speed that remains expansionary.
Economy Posts Surprise Contraction, Belying Solid Consumer Picture
The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.
Shipping Slowdown Exposes Vulnerability of US Economic Growth
Real economic activity in the U.S. is slowing sharply. This is showing up in lower demand for new trucks and autos, and a tailing off in freight volumes, leaving transport stocks facing more downside.
Markets Point Higher After Tough Inflation Talk From Fed
NEW YORK — Wall Street pointed toward a higher open on March 22, one day after Chairman Jerome Powell said the Federal Reserve was prepared to raise its benchmark short-term interest rate by a half-point multiple times, if necessary, to battle inflation.
March 22, 2022How Freight Volumes Get Suppressed Despite Strong Demand
Carriers have struggled to fully capitalize on high demand because of factors suppressing volumes, American Trucking Associations Chief Economist Bob Costello said March 1.
Supply Chain Bottlenecks, COVID Expected to Slow Global Growth
WASHINGTON — The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains.
Economy Grew at 2.3% Rate in Q3, Up From Earlier Estimate
WASHINGTON — The U.S. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought, the Commerce Department said Dec. 22. But prospects for a solid rebound going forward are being clouded by the rapid spread of the latest variant of the coronavirus.
Investing in the Future of the Supply Chain
While the pandemic exacerbated weaknesses in the global supply chain, new opportunities for the trucking industry to grow domestically have also been uncovered.
December 21, 2021