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Economic Conditions

FedEx Increases Employee Wages Following Tax Reform

FedEx will invest two-thirds of $200 million in increased compensation for hourly team members, due to the recently enacted tax reform signed by President Donald Trump.

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Talks to Revamp NAFTA Slated to Begin This Week

Trucking and logistics interests are keeping a close eye on talks to revamp the North American Free Trade Agreement begin this week – particularly those involved in the automotive industry.

Forecast Is for Fuel Prices to Remain Low for the Foreseeable Future -- Maybe Longer

Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.

FedEx CEO Warns Trump Attack on Trade Could Be 'Catastrophic'

FedEx Chairman and CEO Fred Smith warned that President-elect Trump's campaign promises to pull back on international trade agreements could be “catastrophic.”

North American Rail Congestion Causes and Effects

Heavier rail cars and an aging box car fleet are having a serious impact on overall rail congestion. The box car fleet responsible for moving vehicles is getting smaller by the year.