America's trucking industry is in a dire state due to a surplus of trucks and drivers compared to the amount of freight. This has led to intense competition between truckers and trucking companies, resulting in a 'dogfight'.
The industry is considered to be in a recession, which is concerning for the American economy as it serves as an indicator of consumer sentiment heading into the holiday season.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Defense Industry Says Now Is Not the Right Time for 'Buy American' CampaignManufacturing groups, and even some allies, say now’s not the right time to be protectionist. The need to produce weapons for Israel is stretching the defense industry as it races to arm Ukraine and Taiwan. President Joe Biden and an influential bloc of lawmakers from both parties want more U.S. military hardware to be made in America. But the defense industry — the beneficiary of the movement — says now is the wrong time. Supply chain problems, towering global demands for weapons and the need to work with allies to get it all done means that the America First movement should wait. The “Buy American” campaign, fueled by the promise of a domestic manufacturing boom and well-paying jobs right here at home, is gaining steam in Congress. Both versions of the can’t-fail National Defense Authorization Act contain provisions that require a certain percentage of American weapons be made domestically. Yet the politics is crashing into the reality facing the defense industry
Source: politico - 🏆 381. / 59 Read more »
Boating industry's 'Super Bowl' brings in billions for Florida economyFort Lauderdale's mayor and the city's development leader speak with FOX News Digital about how the annual boat show fuels economic revenue, new jobs and residents.
Source: FoxBusiness - 🏆 458. / 53 Read more »