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https://www.freightwaves.com/news/daily-infographic-covid-19-stimulus-funding-for-transportation
Demand for new Class 8 trucks continued at an elevated rate in March even though many of the 40,000 bookings have little chance of being filled until 2022 because of a growing backlog and supply chain shortages.
Compared to a year ago when the first wave of COVID was shutting down manufacturing around the world, orders were up 422%. (That is not a typo.) They were down 10% compared to February, according to ACT Research.
Orders for Class 5-7 medium-duty trucks rose 19% over February. Demand was...
https://s29755.pcdn.co/news/march-class-8-orders-of-40000-add-to-dizzying-industry-backlog
Federal stimulus checks of $1,400 could be landing in Americans’ bank accounts by next week. It won’t be long before some of those dollars are recycled into online orders and e-commerce fulfillment companies see a spurt in volume, logistics experts say.
The U.S. House of Representatives is expected Wednesday to pass the $1.9 trillion COVID-19 relief package and President Joe Biden says he will quickly sign it into law.
Individuals earning up to $75,000 and couples earning up to $150,000 are...
https://www.freightwaves.com/news/$1400-covid-relief-checks-to-trigger-surge-in-e-commerce-shipments
Former U.S. Senator Bob Corker is concerned about America’s global status as China ascends on the world stage with an autocratic government that moves decisively as the United States plays “shirts and skins” in a democratic system designed for bipartisan deliberation.
Corker, a Republican from Tennessee, retired from the Senate in 2019 after two terms. He spoke with FreightWaves’ founder and CEO Craig Fuller during Global Supply Chain Week.
“A lot of countries are looking at China,” Corker said....
https://s29755.pcdn.co/news/gscw-day-6-keynote:-bob-corker-worries-for-americas-fading-status