America's Truckin' Network

The U.S. Commerce Department released the 3rd Quarter Gross Domestic Product report, we break it down and talk about it. The Conference Board released the consumer confidence index report, good news or bad news? Ford announces an adjustment to the Michigan factory that produces its signature electric vehicle, the F-150 Lightning plug-in pickup truck, will production increase or decrease? Oil reacts to U.S. gasoline stockpiles hitting a two year low and the potential for OPEC+ to delay a planned output increase in December. Oil traders are awaiting the outcome of the U.S. presidential election this coming Tuesday, trying to gauge the impact of a Harris or Trump administration on oil production, sanctions and prices.

Americas Commercial Transportation Research released the September trailer orders report, what they tell us and don’t tell us. More layoffs! How many and which company. A U.S. company and a Mexican company have entered into a cross-border and intermodal joint venture, becoming the largest such entity, who are they? Weaker crude prices and refining margins are forcing four of the five supermajor oil companies to borrow money; which companies and for what purpose. Oil reacts to unexpected falling U.S. crude and gasoline inventories, reports that OPEC+ may delay a planned oil output increase and the growing possibility of a new era of “drill baby drill.” Phil Flynn’s Energy Report indicates global markets are increasingly pricing in a Donald Trump reelection

Kevin's thoughts on a recent trip between Cincinnati, OH and Columbus, OH; the number of trucks on the highway and traffic flow; what does this say about the economy and certain potential regulations. El Niño vs human influences on climate change. The latest hurdle for U.S. farmers hoping to provide crop exports. Oil prices react to possible Israel and Lebanon peace talks, weak China demand for oil, anticipated crude inventory levels and potential interest rate cuts from the Fed.

Overdrive Magazine released the results of their poll indicating trucking industry professionals' Presidential preference, we go through the results and break down the information. Oil prices react to Israel's retaliatory strike against Iran's military on Saturday bypassing oil and nuclear facilities, which should not disrupt energy supplies and OPEC + keeping oil output policy unchanged, including a plan to start raising output in December. OPEC+ will meet on Dec. 1.

Trucking firm selected to deliver the Capitol Christmas Tree, we tell you who it is. Consumers switch to slower shipping, how this will impact earnings at UPS, FedEx, etc. The U.S. Department of Labor releases weekly jobless claims, up or down? Oil prices react to possible reduced energy demand in Europe due to slow economic growth, continued concerns regarding the timing and extent of Israel's retaliation for Iran's Oct. 1st missile attack and changes which may or may not take place pending the outcome of the Presidential election.

Dennis Dellinger, Chairman, American Trucking Associations wrote an article "Trucking Comes Through in Times of Need." The article reiterated the impotance of the Trucking Industry. September Housing starts for Single-Family Home and Multifamily Homes were released, are they up or down and why are they important? How are oil prices affected by rising crude stocks and gasoline inventories, falling distillate inventories, a stronger dollar, Israel beginning stikes on the Lebanese port city Tyre, U.S. Secretary of State Anthony Blinken's failure to secure a easefire between Israel and the Iranian proxies, Hezbollah and Hamas.

Volvo Trucks unveiled significant enhancements to its Blue Service Contract, what is it and what does it do. American Trucking Associations released the September For-Hire Truck Tonnage Index, good news or bad news? The Federal Reserve cut interest rates, how has this affected mortgage rates? Oil reacts to fading hopes of a Middle East ceasefire, tightening global oil supply and demand balance, China's additional attempts to stimulate their economy and U.S. crude oil stockpiles.

U.S. Commerce Department released September Retail Sales, up or down? U.S. Labor Department reported initial unemployment claim filings, increasing or decreasing? Phil Flynn, Senior Market Analyst, Author of The Energy Report & Contributor to Fox Business Network; we discuss a wide range of topics from Geopolitical issues in the Middle East, the Strategic Petroleum Reserve and the failure of green energy. Oil prices react to increased fighting in the Middle East, the expectation of retaliatory Israeli attacks on Iran and falling oil demand in China due to their slumping economy.

Congratulations to the winner of the last Peterbilt 389X sweepstakes (sadly, not me) sponsored by Rush Truck Centers; who was it? September Medium-Duty truck sales numbers were released; the numbers and what do they tell us. Home Depot hardware rival files for bankruptcy. States temporarily lift fuel tax rules and motor fuel use tax. How will falling U.S. crude and fuel inventories, European Central Bank cutting interest rates for the third time this year, a strong dollar and the continuing fear that Israel's retaliation on Iran might lead to disruptions in Middle-East crude supplies affect oil prices.

J.B. Hunt announced 3rd Quarter financial data, how do their numbers look, do they give us any indications as to the industry. Walgreens to close 1,200 U.S. stores, the reasons, their future plans and what does this say about the healthcare industry. Two major container shipping giants have determined the routes through the Red Sea as too dangerous and are making plans to begin using shipping routes down the West coast of Africa; what does that mean for supply chains and freight costs. Oil reacts to estimated U.S. crude stockpiles rising, an easing of worries that Middle-East conflicts will disrupt supplies and worldwide weak demand.

Deloitte (Accounting and Consulting firm) released its 2024 Holiday Retail Survey; what trends can we expect and can retailers expect increses? U.S. Class 8 truck sales numbers were released; who's up and who's down. International Motors (formrely Navistar) Q3 Sales have been reported, the takeaways from the information. The U.S. has announced new sanctions on Iran and entities linked to the "ghost fleet" of tankers shipping the oil. Oil prices react to Israel indicating they will not target Iran's nuclear or oil sites in retalliation for the Oct. 1 missile attack; OPEC and the International Energy Agency cutting their respective oil demand outlook estimates and Hedge funds unwinding some of their positions.

Took in a couple of Fall Festivals this weekend (1½ hour and 1hr away) lots of fun, good eats and observations about the economy. New Federal Motor Carrier Safety Administration rule mandates, what are they and what do they mean? American Transportation Research Institute released its 20th annual Top Industry Issues report, major shifts in and out of the top 10. Oil reacts to OPEC cutting its 2024 and 2025 global oil demand forecasts, falling Chinese oil imports and the US plans to send an anti-missile system and 100 American troops to Israel.

Hurricane Milton and destruction update. The Consumer Price Index numbers were released, the good news and the bad news. U.S. Department of Labor Weekly jobless claims report was released the numbers surprised the "experts". The minutes of the most recent Federal Reserve meeting were released giving us some insight into their interst rate cut decision making. Oil reacts to Hurricane Milton, Iran- Israel escalation, oil producing nations concern over production interuption and possible demand increases.

Hurricane Milton update. Biden signs Bill easing Veterans' access to commercial driving schools (CDL). American Trucking Associations' outgoing Chairman Andrew Boyle wrote an article encouraging people to get involved in the political process. Oil prices react to US crude stockpiles rising; gasoline and distillate stocks falling; Israeli Prime Minister Netanyahu to discuss Israel 's retaliation against Iran, which could cause oil supply disruptions, with Joe Biden; Hurricane Milton and China's slow economic growth reducing their oil demand.

The latest update on Hurricane Milton. The September Logistics Managers' Index has been released, does it indicate expansion or contraction. Rivian Automotive has applied for a Federal loan to help finance a $5 billion electric vehicle factory. Rivian adjusts 2024 production targets, up or down and why. Oil reacts to easing fears of supply disruptions from the conflict between Israel and Iran after Hezbollah signaled support for a ceasefire proposed by Lebanon, Hurricane Milton and the expectation that the US crude oil stockpiles rose in the previous week.

US Dockworkers' strike ends...for now; contract extended until Jan. 15. US jobless claims reported, we have the numbers. The Labor Department released the September Jobs Report and Unemployment Rate; are the numbers up or down? Oil reacts to an increased risk of a region-wide Middle East war, Iran-backed Hezbollah fired rockets into Israel's third largest city; Houthis launch missiles from Yemen and the possibility that Israel may attack Iran's oil facilities.

How well is the Biden Administration and FEMA responding in the aftermath of Helene? An update on the Dockworkers' strike: should the Taft-Hartley Act be invoked? What is the Taft-Hartley Act? After demonizing Tariffs, suddenly they're okay? Stellantis reports 3rd quarter sales, up or down? Stellantis recalls 200,000 plug-in Jeeps and SUVs. Oil reacts to comments from Joe Biden regarding Israel's possible retaliation against Iran, OPEC+ spare oil capacity, and possible disruptions in oil shipments in the Middle East.

The number of deaths and the extent of the destruction from Hurricane Helene continues to grow; the staggering numbers. Businesses assess the effects of the strike by the International Longshoremen's Association at 36 East and Gulf Coast ports from Boston to Houston. Will Biden take any steps to end the strike? How will oil prices be affected by fears of Middle East oil supply disruptions, Israel vowing to retaliate against Iran for Tuesday's 180 missile attack, U.S. crude and gasoline inventories rising and OPEC+'s decision to keep oil output policy unchanged.

Kevin gives an update on Hurricane Helene and the recovery effort, including his thoughts on the Vice Presidential Debate. He also discusses the largest dockworker strike since 1977 and how this affected the economy. And oil reacts to Iran launching a missile attack on Israel's Houthi's attack on another vessel in the Red Sea—upcoming U.S oil inventory data.

East and Gulf Coast Ports prepare to close; the issues and ramifications. Commerce Department released the Personal Comsumption Expenditures report, the key Federal Reserve's inflation gauge. What were the results and what does it say about the battle against inflation. Sale of remaining Yellow Corp. terminals. Oil reacts to fears of a widening conflict in the Middle East curtailing Iranian crude supply after Israel attacks terrorists in Lebanon and Yemen, OPEC+ potential oil production increases, Beijing stimulus may not be enough to lift demand, Chinese factory activity shrinks for a fifth straight month and reports that Libya's oil production may come back online this week.