Government, Business

State Jobless Claims Post Larger-Than-Expected Decline

An employee coats bicycle frames with powder paint in South Carolina. (Micah Green/Bloomberg News) An employee coats bicycle frames with powder paint in South Carolina. (Micah Green/Bloomberg News)

Applications for U.S. state unemployment insurance fell last week by more than projected, reaching a fresh pandemic low and suggesting that dismissals are abating as the economy reopens and labor demand rises.

Olivia Rockeman | Bloomberg News
July 1, 2021
Government, Business

US Economy Grows 6.4% in Q1

The CMA CGM Argentina arrives at PortMiami in April. (Lynne Sladky/Associated Press) Lynne Sladky/Associated Press

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

Martin Crutsinger | Associated Press
June 24, 2021
Government, Business, Fuel

Key US Oil Storage Hub Seen Depleting as Producers Hold Tight

Pipelines run toward oil storage tanks in Cushing, Okla. (Daniel Acker/Bloomberg News) Pipelines run toward oil storage tanks in Cushing, Okla. (Daniel Acker/Bloomberg News)

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.

June 24, 2021
Government, Business

US Jobless Claims Tick Down to 411,000 as Economy Heals

Hiring signs sit outside a gas station in Pennsylvania. (Keith Srakocic/Associated Press) Hiring signs sit outside a gas station in Pennsylvania. (Keith Srakocic/Associated Press)

The number of Americans applying for unemployment benefits dropped in the week ended June 19, a sign that layoffs declined and the job market is improving.

Christopher Rugaber | Associated Press
June 24, 2021
Business, Equipment

Some Used Vehicles Now Cost More Than Original Sticker Price

Used vehicles sit in a Colorado lot in November 2020. (David Zalubowski/Associated Press) Used vehicles sit in a Colorado lot in November 2020. (David Zalubowski/Associated Press)

When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it’s used.

Tom Krisher | Associated Press
June 23, 2021
Government, Business, Technology, Safety

Fleets’ COVID-19 Safety Practices May Linger After Pandemic Ends

Contactless A contactless delivery. (UPS Inc.)

The COVID-19 outbreak prompted transportation companies to adopt a battery of safety measures — some of which may remain in place even after the pandemic is over.

Eleanor Lamb | Staff Reporter
June 21, 2021
Business, Logistics, Top 100

Unveiling the 2021 Top 100 For-Hire Carriers

UPS, which ranks No. 1 on the for-hire list, recently sold its LTL division UPS Freight to TFI. UPS, which ranks No. 1 on the for-hire list, recently sold its LTL division UPS Freight to TFI. (Tim Boyle/Bloomberg News)

The trucking firms that appear on the 2021 Transport Topics Top 100 For-Hire Carriers list are split nearly evenly between companies that reported a revenue decline in 2020 and those that still managed to grow during the year of COVID-19.

Seth Clevenger | Managing Editor, Features
June 18, 2021
Government, Business

Jobless Claims Rise for First Time Since April

A hiring sign is displayed in Vernon Hills, Ill., on June 11. (Nam Y. Huh/Associated Press) A hiring sign is displayed in Vernon Hills, Ill., on June 11. (Nam Y. Huh/Associated Press)

Applications for U.S. state unemployment insurance rose slightly for the first time since late April, likely a temporary blip for a labor market that’s otherwise improving as the economy reopens.

Olivia Rockeman | Bloomberg News
June 17, 2021
Government, Business

US Retail Sales Drop, Hinting at Shift to Spending on Services

A shopper views shoes at a store in New York in May. (Amir Hamja/Bloomberg News) A shopper views shoes at a store in New York in May. (Amir Hamja/Bloomberg News)

U.S. retail sales declined in May, after a stimulus-related splurge in the prior two months, suggesting consumers are starting to shift more of their spending to services as the economy reopens.

Olivia Rockeman | Bloomberg News
June 15, 2021
Government, Business, Fuel

Biggest Foreign Buyers of US Fuel Are About to Step on the Pedal

Gasoline demand is set to increase as vaccinations accelerate. Bloomberg News

Brazil and Mexico are beginning to emerge from the pandemic and that’s boosting demand for road fuel in economies that buy more U.S. gasoline and diesel than any other foreign nation.

June 14, 2021

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