US borrowing costs hit a 16-year high, and it puts the GDP growth cost at a high level since the last time seen in 2007. China’s slowing economic recovery pushed Beijing to try to avoid a potentially deflationary cycle. Western leaders bet on India and hope its population and economy to grow rapidly over the coming decades. As Chinese cars speed into global markets, the PCTC market could be a great opportunity for new investors in shipping. European...
GDP growth
Loaded and Rolling: Trailer as a service; large carrier Q2 earnings boon
Trailer pool services are gaining adoption. Wabash, a major manufacturer of equipment, recently announced a partnership with Phoenix-based freight brokerage FreightVana to supply the company with its trailer-as-a-service (TaaS) platform. The platform will provide FreightVana customers with trailer pool services as part of the power-only offering known as FreightVana X.
This comes as more shippers seek trailer pools to provide greater...
DOT study predicts no mass layoffs from driverless trucks
A U.S. Department of Transportation (DOT)-sponsored study on automated driving systems (ADS) concludes that truck drivers should not fear significant job losses due to automation unless driverless technology is adopted on a fast timeline.
Produced by DOT’s Office of the Assistant Secretary for Research and Technology, “Macroeconomic Impacts of Automated Driving Systems in Long-Haul Trucking,” released in January, for the first time estimates productivity benefits due to ADS in the trucking...
https://www.freightwaves.com/news/dot-study-predicts-no-mass-layoffs-from-driverless-trucks