Transportation Economy News Updates

WASHINGTON — Rising U.S. consumer prices moderated again in December, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.

Inflation in the United States slowed again in November in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.

The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023.

The trucking industry continued to experience strong acquisition activity this year, but there may be some signs of softening heading into next year.

C.H. Robinson is reducing headcount amid the elimination of 650 positions as part of an effort to align its overall cost structure with market conditions, the company confirmed Nov. 10.

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest rate hikes.

Optimism among U.S. small businesses retreated in October for the first time in four months as the sales outlook worsened, while some measures of inflation accelerated.

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.

WASHINGTON — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.