Earlier this week, JBS a global meatpacking company was the latest large corporation hit by a ransomware attack. According to an article in the Wall Street Journal, “The attack is the latest in a growing number to hit a range of businesses and institutions, including hospitals, the oil industry and local water suppliers. At JBS, the attack […]
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According to ACT Research, the average price for a Class 8 truck sold in April 2021 rose to $57,431, an all-time high. The increase in price is especially stark when compared to the pandemic-low of $38,242 a year earlier. What is causing these previously unseen price tags for 16+ ton trucks? A few grams of […]
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President Biden is expected to propose a $6 trillion budget that would have the highest consistent levels of federal spending since World War II. President Biden’s proposal looks to provide sweeping economic overhauls including large investments in education, transportation and combatting climate change. The proposal is also expected to call for total spending to rise […]
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Last December when the Pfizer and Moderna COVID-19 vaccines were issued emergency use authorization by the U.S. Food and Drug Administration (FDA), many of us thought the summer of 2021 was going to be an explosive driving season. That is certainly shaping up to be the case and fuel supply is struggling to keep up […]
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One week from today, on June 1st starts the 2021 hurricane season which will run through November 30th. According to the National Oceanic and Atmospheric Administration, “NOAA’s Climate Prediction Center is predicting another above-normal Atlantic hurricane season. Forecasters predict a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a […]
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As COVID-19 vaccine distribution continues to roll out, global markets underestimated the demand for oil as the economy reopens for business. Goldman Sachs is expecting Brent crude to hit $80 per barrel and forecasters remain optimistic that prices will stay above $70 per barrel by mid-2021.
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COVID-19 put a huge damper on seasonal travel and the entire U.S. economy in general last summer. Now that things are returning to pre-pandemic levels of activity, the forecast for the U.S. economy and the trucking industry for the upcoming months are projected to be very strong compared to 2019.
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While overseas travel continues to be impeded by COVID-19 fears and travel concerns/regulations, domestic airway travel is seeing it’s largest surge since the depths of the pandemic. Travel enthusiasts are taking to the sky after more than a year of lockdowns and airliner travel is now only 30% lower than the same time in 2019. […]
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Last week, meetings were held at the White House with key Democratic and Republican senators discussing President Biden’s American Jobs Plan. President Biden has made it known that he is willing to narrow the scope of the bill, which is currently slated as a massive $2.3 trillion dollar proposal. By narrowing the scope of this […]
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Across the South East motorists have pulled into gas stations only to see bags covering the handles of the pumps or long lines of cars out into the streets. As you have undoubtedly heard, the Colonial Pipeline has been shut down over the past few days due to a ransom attack. Now that Colonial has […]
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