America's Truckin' Network

Deloitte (Accounting and Consulting firm) released its 2024 Holiday Retail Survey; what trends can we expect and can retailers expect increses? U.S. Class 8 truck sales numbers were released; who's up and who's down. International Motors (formrely Navistar) Q3 Sales have been reported, the takeaways from the information. The U.S. has announced new sanctions on Iran and entities linked to the "ghos...

Took in a couple of Fall Festivals this weekend (1½ hour and 1hr away) lots of fun, good eats and observations about the economy. New Federal Motor Carrier Safety Administration rule mandates, what are they and what do they mean? American Transportation Research Institute released its 20th annual Top Industry Issues report, major shifts in and out of the top 10. Oil reacts to OPEC cutting its 2024...

Hurricane Milton and destruction update. The Consumer Price Index numbers were released, the good news and the bad news. U.S. Department of Labor Weekly jobless claims report was released the numbers surprised the "experts". The minutes of the most recent Federal Reserve meeting were released giving us some insight into their interst rate cut decision making. Oil reacts to Hurricane Milton, Iran-...

Hurricane Milton update. Biden signs Bill easing Veterans' access to commercial driving schools (CDL). American Trucking Associations' outgoing Chairman Andrew Boyle wrote an article encouraging people to get involved in the political process. Oil prices react to US crude stockpiles rising; gasoline and distillate stocks falling; Israeli Prime Minister Netanyahu to discuss Israel 's retaliation ag...

The latest update on Hurricane Milton. The September Logistics Managers' Index has been released, does it indicate expansion or contraction. Rivian Automotive has applied for a Federal loan to help finance a $5 billion electric vehicle factory. Rivian adjusts 2024 production targets, up or down and why. Oil reacts to easing fears of supply disruptions from the conflict between Israel and Iran afte...

US Dockworkers' strike ends...for now; contract extended until Jan. 15. US jobless claims reported, we have the numbers. The Labor Department released the September Jobs Report and Unemployment Rate; are the numbers up or down? Oil reacts to an increased risk of a region-wide Middle East war, Iran-backed Hezbollah fired rockets into Israel's third largest city; Houthis launch missiles from Yemen a...

How well is the Biden Administration and FEMA responding in the aftermath of Helene? An update on the Dockworkers' strike: should the Taft-Hartley Act be invoked? What is the Taft-Hartley Act? After demonizing Tariffs, suddenly they're okay? Stellantis reports 3rd quarter sales, up or down? Stellantis recalls 200,000 plug-in Jeeps and SUVs. Oil reacts to comments from Joe Biden regarding Israel's...

The number of deaths and the extent of the destruction from Hurricane Helene continues to grow; the staggering numbers. Businesses assess the effects of the strike by the International Longshoremen's Association at 36 East and Gulf Coast ports from Boston to Houston. Will Biden take any steps to end the strike? How will oil prices be affected by fears of Middle East oil supply disruptions, Israel...

Kevin gives an update on Hurricane Helene and the recovery effort, including his thoughts on the Vice Presidential Debate. He also discusses the largest dockworker strike since 1977 and how this affected the economy. And oil reacts to Iran launching a missile attack on Israel's Houthi's attack on another vessel in the Red Sea—upcoming U.S oil inventory data. See omnystudio.com/listener for privacy...

East and Gulf Coast Ports prepare to close; the issues and ramifications. Commerce Department released the Personal Comsumption Expenditures report, the key Federal Reserve's inflation gauge. What were the results and what does it say about the battle against inflation. Sale of remaining Yellow Corp. terminals. Oil reacts to fears of a widening conflict in the Middle East curtailing Iranian crude...

The Bureau of Economic Analysis issued the third and final estimate of the 2nd Quarter Gross Domestic Product, Personal Consumption Index, and Consumer Price Index, which it tells and doesn't tell us. West Coast ports' volumes surge; why and what that tells us about the economy. Oil prices react to a report that Saudi Arabia will give up its $100 per barrel price target in preparation for raising...

American Trucking Associations releases the August For-Hire Truck Tonnage Index, up or down? September Consumer Confidence Index released, a good sign or bad sign? U.S. weekly jobless claims released, sizzling or fizzling? How are oil prices being affected by worries over supply disruptions in Libya, China's latest stimulus plans trying to boost their economy, falling U.S. crude inventories and in...

U.S Department of Transportation praises trucking's efforts in new trafficking report. Amazon boosts warehouse worker pay. Southern California August cargo volumes reported, up or down? Another union threatens to strike, which could lead to suply chain disruptions and possible shortages of consumer products. Oil reacts to reports that China has announced the biggest real estate stimulus package an...

Teamsters release Presidential endorsement polling data—wow! My thoughts. The August U.S. Trailer orders report was released. Attention is turning to lower-than-normal U.S. Crude oil supplies, significantly since the Strategic Petroleum Reserves were depleted in 2022. Oil reacts to the Fed rate cut, but... the Bank of England holds interest rates at 5.0%, rising tensions in the Middle East and wea...

Kevin discusses the Federal Reserve's interest rate cut. August Medium-Duty Truck sales report released, good news or bad news? How Israel planted explosives in thousands of Hezbollah pagers. Chinese Refineries go bankrupt, what does this tell us about China's economy? Which Industries perform best and worst after interest rate cuts? How oil prices reacted to falling U.S. crude stocks, gasoline an...

As an opponent of climate emergency hysteria, I find it ironic that Hurricane GORDON has been named, given its current status. Based on past statements by Federal Reserve Chairman Jerome Powell and his criteria for interest rate cuts, any cuts will be more politically motivated than "...to promote the stability and efficiency of the U.S. economy and financial system." Due to weak August economic d...

Kevin's thoughts on the second assassination attempt on Donald Trump. Economists looking forward to the Federal Reserve possible interest rate cut; will it happen? Super Harvest Moon lunar eclipse tonight, best time to view. Goldman Sachs CEO David M. Solomon "scorches Kamala Harris for turning a report from an independent analyst into 'something that's bigger than what it was intended to be.' Oil...

Consumer Price Index (CPI) report was released. The Stock Market, Oil Market, businesses, etc. were looking for this final piece of the puzzle as to whether and how much the Federal Reserve will cut interest rates. Did this report support or undermine interest rate cuts? Kevin takes a look at various items in the CPI, which prices are up, which are down. A liberal news organization commits journal...

Kevin's take on the Trump vs. Harris debate. Kevin talks about the 23rd anniversary of 9/11/2001. Hero truck drivers surround a school bus during a shooting on the highway. Volkswagon deals with Chinese imports. Volvo reverses the EV push, and oil reacts to decrease the oil demand: Tropical Storm Francine and the weak Chinese economy. See omnystudio.com/listener for privacy information.

Kevin takes a look at last Friday's Jobs report, the not so good, the bad and the ugly. Drilling down into the jobs report, an increasing shift from full time to part time and which sectors added jobs and which sectors lost jobs. There has been a significant shift between native-born workers and "foreign-born" workers. Volkswagen is considering closing factories in Germany for the first time in it...

Americas Commercial Transportation Research releases Used Class 8 Retail Summary for July: what trends does it show, does it provide optimism going forward and how is inflation, unknown timing of interest rate reduction and lagging freight rates affecting sales. On the heels of a truck driver pay report earlier this week the American Trucking Associations (ATA) releases their Driver Compensation S...

Tuesday morning, I covered the Trucking industry reacting to the DEA proposal to downgrade marijuana. Some are now taking about whether this will become a "potent" political issue during the November presidential election. The Federal Reserve's preferred inflation gauge, The Core Personal Consumption Price Index (PCE) report has been released; what this means regarding potential interest rate cuts...

Kevin looks at the Fleet Intel Report Qtr. 2 Driver Pay Trend Tracker Report. Huge shipping company files for Chapter 11. Where have all the hurricanes gone? How the possible restart of Libyan crude oil production and exports, the weaker-than-expected Chinese manufacturing Purchasing Managers Index, the expected increase in the U.S. Summer driving season failure to materialize, and the sluggish Eu...

Trucking organizations reacted to the DEA Proposal, downgrading marijuana from a Schedule 1 to a Schedule III Controlled Substance Act violation. Crude oil prices responded to light trading due to the Labor Day holiday, oil exports at major Libyan ports halted, OPEC and OPEC+ plans to increase oil output in October, and evidence that China's economy is not recovering as expected with the report th...

Shout out to truckers who will be working over this holiday weekend. California Trucking Association ends AB 5 (eliminating independent contractors) legal challenges. Oil Change International issues report claiming Countries are preparing to waste hundreds of billions of dollars on Carbon Capture technology. The Guardian mocks Climate Change stupidity. Biden-Harris Administration doles out $400 bi...