2020 presidential election

Lackluster Labor Day gives no lift to trucking market

Chart of the Week: National Truckload Index (Linehaul Only, Outbound Tender Reject index – USA SONAR: NTIL.USA, OTRI.USA

The Labor Day holiday was not a strong catalyst of disruption to the U.S. trucking market. Both spot and rejection rates reacted minimally to what was the most volatile holiday period during the pandemic years.

National dry van spot rates declined heading into the holiday while tender rejection rates got a short-lived boost from 4.3% to 4.9% before falling back below 4.3% this...

https://www.freightwaves.com/news/lackluster-labor-day-gives-no-lift-to-trucking-market

Business groups condemn Trump-led insurrection, election fraud claims

Flag-waving Trump supporters marching in street.

Business groups forcefully condemned President Donald Trump for stoking supporters to attack the U.S. Capitol Wednesday and lawmakers for going along with the president’s debunked conspiracy claims about election fraud by trying to block certification of the Electoral College results.

National Association of Manufacturers CEO Jay Timmons, a staunch supporter of Trump policies, issued a stunning rebuke of the president Wednesday and called for him to be removed from office.

“Armed violent...

https://s29755.pcdn.co/news/business-groups-condemn-trump-led-insurrection-election-fraud-claims

Trump vs. Biden: How the winner could affect ocean shipping

Biden Trump

The outcome of the U.S. election will steer stimulus spending, energy policy, trade relations, geopolitics and environmental regulation — and consequently, ocean freight rates — for years to come.

With just three weeks to go, financial analysts are weighing in on potential fallout.

On one end of the spectrum lies a relative status quo. On the other, a “blue sweep,” in which Joe Biden defeats Donald Trump for the presidency and Democrats retain the House and take a slim lead in the Senate.

“All...

https://s29755.pcdn.co/news/trump-vs-biden-how-next-president-could-affect-ocean-shipping

Who’s transportation backing? Dems are early favorites

Transportation favoring democratic candidates

While transportation sector donors in the 2020 election season are overwhelmingly supporting Democratic candidates on the whole, President Donald Trump in particular continues to hold a huge advantage over Democratic nominee Joe Biden, according to the latest Federal Election Commission (FEC) campaign finance reports.

Trump has received $5,220,477 in campaign contributions from those employed in, or connected to, transportation companies, versus Biden’s $1,875,121 raised to date.

But looking at...

https://s29755.pcdn.co/news/whos-transportation-backing-dems-are-early-favorites

US Postal Service begins agency overhaul

The U.S. Postal Service (USPS) announced an organizational realignment Friday to refocus its business, setting the stage for a long-anticipated overhaul to save the agency from financial collapse.

“To reach our full potential we need to be even better at everything we do well now, but we also need to recognize our issues and urgently embrace the changes required to unleash the full range of possibilities, and we need to start yesterday,” said Postmaster General and CEO Louis DeJoy, speaking this...

https://www.freightwaves.com/news/us-postal-service-begins-agency-overhaul