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Tag: inflation


Vehicles

Auto Prices Finally Begin to Creep Down from Inflated Highs

October 27, 2022

Via: Transport Topics

All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. She had a good credit rating and enough cash for a down payment. Yet dealerships in the Detroit area didn’t have […]


Impact & Regulations

US Producer Price Inflation Eases to Still-High 8.5%

October 12, 2022

Via: Transport Topics

Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels. The Oct. 12 report from the Labor Department also showed that the producer price index — […]


Impact & Regulations

Oil Falls Below $80 En Route to Biggest Run of Weekly Losses This Year

September 23, 2022

Via: Transport Topics

Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth. West Texas Intermediate dropped below $80 a barrel on Sept. 23 […]


Infrastructure

Transportation Committee Republicans to hold roundtable on inflation, infrastructure

July 14, 2022

Via: Transportation Today

Republicans on the House Transportation and Infrastructure Committee will hold a roundtable July 14 with key industry stakeholders to discuss inflation’s impact on America’s infrastructure, U.S. Rep. Sam Graves (R-MO) said. Graves, the ranking member of the T&I committee, said […]


Shipping

Biden Weighs Tariff Cuts to Fight High Inflation

May 10, 2022

Via: Transport Topics

President Joe Biden said he and his advisers are weighing whether to cut U.S. tariffs on foreign imports to try to fight inflation. “We’re discussing that right now,” he told reporters May 10 after a speech on rising prices at […]


Shipping

Rejection rates continue rapid descent, pulling rates down with them

April 15, 2022

Via: FreightWaves

Merely unseasonable dips in freight demand have cemented into a downward trend, reflecting shippers’ overfull inventories and consumer concerns about rising inflation. Even after adjusting for tricky comps, the Outbound Tender Volume Index (OTVI) continues to underperform against year-ago levels. […]


Infrastructure

Biden Sets Plans for Infrastructure Law, Fighting Inflation

March 2, 2022

Via: Transport Topics

President Joe Biden in his first State of the Union address stressed a long-term vision for the $1 trillion infrastructure bill he signed last year, and discussed domestic and international priorities his administration is targeting. “America used to have the […]


Vehicles

Inflation Quickened in July on Costs of Vehicles, Apparel

August 12, 2020

Via: Transport Topics

U.S. consumer prices rose in July by more than expected on a jump in auto and apparel costs, though inflation remained broadly muted as the pandemic suppressed demand. The consumer price index rose 0.6% from the prior month, following a […]


Impact & Regulations

GOP and gas tax? Brady bursts the bubble

February 28, 2020

Via: Politico

Kevin Brady, the top Republican on Ways and Means, threw cold water on the idea of sudden support among his party for an increase or index of the gas tax, saying there’s been no change. “There really has never been […]