Overdrive: Diesel’s national average falls below $5 | Driver uninjured in Indiana on-highway shooting
The national average for a gallon of on-highway diesel is below $5 for the first time since early March, according to the latest weekly update from the Department of Energy’s Energy Information Administration.
The Wall Street Journal: U.S. GDP Fell at 0.9% Annual Rate in Second Quarter; Recession Fears Loom Over Economy
The U.S. economy shrank for a second quarter in a row—a common definition of recession—as the housing market buckled under rising interest rates and high inflation took steam out of business and consumer spending.
Cargo Business News: Trucking Trends: Truckload forecast: Issues that will shape the rest of 2022
When it comes to the second half of the year, the only thing transportation pros can count on is more volatility. Let’s look at what the rest of 2022 will hold for shippers and movers of truckload freight.
PR Newswire: Route Consultant Founder Spencer Patton Calls for Network-Wide Financial Remedies for FedEx Ground Contracted Service Providers (CSPs)
In a video appeal and supporting letter Spencer Patton, Founder + President of Route Consultant, urged FedEx Ground to provide substantial financial remedies to its base of 6,000+ Contracted Service Providers (CSPs) by November 25, 2022.
FreightWaves: Truckers at Oakland protest say ‘cargo won’t flow until AB5 goes’
Around 450 protesters opposing AB5 were blocking all of the terminal gates at the Port of Oakland, forcing TraPac and the largest terminal operator, Oakland International Container Terminal, also known as SSA, to close operations on Wednesday.
Reuters: President Biden faces deadline in U.S. railroad labor standoff
U.S. President Joe Biden faces a deadline next week to intervene in nationwide U.S. railroad labor talks covering 115,000 workers, or open the door to a potential strike or lockout that could threaten an already fragile economy and choke supplies of food and fuel.