Coronavirus
Some Used Vehicles Now Cost More Than Original Sticker Price
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.
Fleets’ COVID-19 Safety Practices May Linger After Pandemic Ends
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.
Unveiling the 2021 Top 100 For-Hire Carriers
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.
Jobless Claims Rise for First Time Since April
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.
US Retail Sales Drop, Hinting at Shift to Spending on Services
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.
Biggest Foreign Buyers of US Fuel Are About to Step on the Pedal
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.
US Initial Jobless Claims Decline for Sixth Consecutive Week
Applications for U.S. state unemployment insurance fell for a sixth straight week, consistent with further improvement in the labor market and robust economic growth.
Economists Brace for Another Volatile Monthly Jobs Report
Economists, blindsided by a major miss in April’s U.S. employment report, are now ready for any number of surprises.
Jobless Claims Dip Below 400,000 for First Time in Pandemic
Applications for U.S. state unemployment insurance dipped below 400,000 for the first time during the pandemic as hiring accelerates and the economy strengthens heading into the summer months.
GOP Offers $928B on Infrastructure, Funded With COVID Aid
Republican senators outlined a $928 billion infrastructure proposal May 27 that would tap unused coronavirus aid, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.