According to Professor Jason Miller, a supply chain expert at Michigan State University, trucking companies need more good news as demand remains weak. The latest release of the for-hire trucking ton-mile and revenue indexes (TTMI), based on output across 41 freight-generating industries, showed February’s seasonally adjusted ton-mile reading jumped 1.5% from January’s low reading (which…
Las Vegas has been going through a construction boom for almost a decade, with much more to come when the 2028 Olympics start in Los Angeles. On the drawing board or already underway are a high-speed rail link to Southern California, a new MLB ballpark, an NBA arena, two new mega-resorts, a 690-megawatt solar/battery storage…
According to the Association of Equipment Manufacturers (AEM), sales of farm tractors and combine harvesters continue to lag the 5-year average by around 10 to 12%, based on the latest numbers. Even though unit sales of 100+ horsepower agricultural tractors increased for the second straight month, up 3.2% year-over-year (y/y), total farm tractor sales were…
Typically, the Mexican produce season will peak over the next two weeks before cooling off until the cycle starts again in September. As of the middle of April, imported truckloads of produce were 1% lower than last year. However, there are signs the season may have peaked early due to weaker consumer demand in the…