America's Truckin' Network
on 700 WLW
Episodes
September 11, 2024 • 51 mins
Kevin's take on the Trump vs. Harris debate. Kevin talks about the 23rd anniversary of 9/11/2001. Hero truck drivers surround a school bus during a shooting on the highway. Volkswagon deals with Chinese imports. Volvo reverses the EV push, and oil reacts to decrease the oil demand: Tropical Storm Francine and the weak Chinese economy.
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September 10, 2024 • 41 mins
Kevin takes a look at last Friday's Jobs report, the not so good, the bad and the ugly. Drilling down into the jobs report, an increasing shift from full time to part time and which sectors added jobs and which sectors lost jobs. There has been a significant shift between native-born workers and "foreign-born" workers. Volkswagen is considering closing factories in Germany for the first time in its 87-year history. Oil reacts to po...
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September 6, 2024 • 44 mins
Americas Commercial Transportation Research releases Used Class 8 Retail Summary for July: what trends does it show, does it provide optimism going forward and how is inflation, unknown timing of interest rate reduction and lagging freight rates affecting sales. On the heels of a truck driver pay report earlier this week the American Trucking Associations (ATA) releases their Driver Compensation Study; some notable trends and surpr...
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September 5, 2024 • 39 mins
Tuesday morning, I covered the Trucking industry reacting to the DEA proposal to downgrade marijuana. Some are now taking about whether this will become a "potent" political issue during the November presidential election. The Federal Reserve's preferred inflation gauge, The Core Personal Consumption Price Index (PCE) report has been released; what this means regarding potential interest rate cuts at their meeting Sept. 17-18. U.S....
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September 4, 2024 • 42 mins
Kevin looks at the Fleet Intel Report Qtr. 2 Driver Pay Trend Tracker Report. Huge shipping company files for Chapter 11. Where have all the hurricanes gone? How the possible restart of Libyan crude oil production and exports, the weaker-than-expected Chinese manufacturing Purchasing Managers Index, the expected increase in the U.S. Summer driving season failure to materialize, and the sluggish European economy are affecting oil pr...
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September 3, 2024 • 45 mins
Trucking organizations reacted to the DEA Proposal, downgrading marijuana from a Schedule 1 to a Schedule III Controlled Substance Act violation. Crude oil prices responded to light trading due to the Labor Day holiday, oil exports at major Libyan ports halted, OPEC and OPEC+ plans to increase oil output in October, and evidence that China's economy is not recovering as expected with the report that manufacturing activity sank to a...
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August 30, 2024 • 47 mins
Shout out to truckers who will be working over this holiday weekend. California Trucking Association ends AB 5 (eliminating independent contractors) legal challenges. Oil Change International issues report claiming Countries are preparing to waste hundreds of billions of dollars on Carbon Capture technology. The Guardian mocks Climate Change stupidity. Biden-Harris Administration doles out $400 billion of EPA grants to its "Environ...
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August 29, 2024 • 42 mins
Kevin discusses the Consumer Confidence Index released on Tuesday. Because of a bill signed into law by Gov. Tim Walz, in 2023, Minnesota fuel taxes to jump in 2025 through 2027. A new fuel analysis by the Tax Foundation shows the states with the highest to the lowest diesel and gas TAXES. Estes acquires 7 leased terminals previously operated by bankrupt Yellow Corp. Crude oil prices react to a smaller-than-expected draw on crude s...
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August 28, 2024 • 50 mins
Durable goods orders report released, good news or bad news? Another merger/acquisition involving companies servicing the trucking industry. Additional information involving Ford's EV division. Fire breaks out at Illinois EV manufacturing facility. GM lays off 1,000 employees, which division and why. Surface temperature of the Atlantic Ocean is changing at a rapid rate, nobody seems to know why; how will this affect storm forecasts...
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August 27, 2024 • 40 mins
Kevin's take on the final night of the DNC Convention. During Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole Wyoming conference said “The time has come for policy to adjust...” does that mean interest rates will be cut in September or not? Robert F. Kennedy, Jr. endorses Donald Trump and will be part of the campaign; what does that signal? Some are hinting at $3.00/gal by Thanksgiving, reality or wishful...
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August 22, 2024 • 40 mins
Federal Reserve meeting minutes released, what does it say about the timing of interest rate cuts. Bureau of Labor Statistics' (BLS) "preliminary annual benchmark review" of employment data indicated the largest adjustment in 15 years! Was it up or down? Ford makes a major decision regarding EV SUVs and next generation electric pickups. Oil reacts to the BLS jobs data, falling U.S crude oil stocks, gasoline and distillate inventori...
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August 21, 2024 • 39 mins
American Trucking Associations (ATA) celebrates rejection of tax proposal. U.S. Leading Indicators index released - what are they and what do they mean. ATA July For-Hire Truck Tonnage Index released, what does it tell us. U.S. Job Growth far less than reported, not a surprise to listeners of ATN. How are crude oil prices reacting to easing Middle East supply concerns and economic weakness in China.
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August 20, 2024 • 46 mins
Kevin's thoughts on Day 1 at the DNC. Near historic levels of bankruptcy and liquidations in the first half of 2024. Two historic companies are victims of the current economy. Giant shipping firm faces liquidation, ripple effect will be felt throughout the industry. Oil reacts to mid-east peace talks, China's economic problems and escalation of the Russian-Ukraine war.
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August 16, 2024 • 44 mins
We look at the U.S. retail sales of medium-duty trucks report. Layoffs are not just happening in the trucking industry; we look at major layoffs in the Media and Tech industries. More layoffs in the trucking industry. How the U.S. retail sales report, a new round of Gaza ceasefire talks, Ukraine's counterattack into Russian territory, and China's spotty economic recovery are affecting oil prices.
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August 15, 2024 • 36 mins
The Labor Department released the July Consumer-Price Index, Kevin drills down into the numbers for the specifics. Takeaways from The Bureau of Labor Statistics regarding the Truck Transportation and Warehouse/Storage jobs. Oil reacts to an unexpected rise in crude oil inventories, easing worries of a wider Middle East conflict threatening production, reduced estimates of crude oil demand and the Consumer Price Index numbers.
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August 14, 2024 • 40 mins
Kevin talks about July Class 8 truck sales and Class 8 truck orders; what that means for the industry. US Labor Department released the July Producer Price Index, how will this affect the Federal Reserve's decision on interest rates next month. We look at the Truck Transportation and Warehousing/Storage jobs report. Oil reacts to Iran hinting that it may not retaliate against Israel, OPEC lowering demand expectations and lacklustre...
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August 13, 2024 • 42 mins
ATN ahead of the curve once again! "It ain't braggin' if you can do it." A couple of stories we've covered, a week and a few days respectively before anyone else. They claim inflation has slowed, we just don't appreciate it yet. Acquisition news involving Ryder, 7 Logistics Companies and Estes. Oil reacts to Iran's threats on Israel, US sending a guided missile submarine to the Middle East, the continuing war in Gaza, Hezbollah lau...
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August 9, 2024 • 38 mins
Climmunists and their unintended consequences! FedEx making significant cuts and divestment of its best-performing segment. TFI International reports 2nd Quarter results, indicates acceleration of acquisitions in 2025 and placing one of its divisions on a "diet." Oil prices react to the latest U.S unemployment report, a major drop in U.S. crude oil inventory, Iran's continued threats against Israel, reports of an attack on a UK shi...
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August 8, 2024 • 38 mins
Trucking recession claims another company. Three companies expand through acquisitions. How crude oil stocks draw down, Libyan protests forcing production reductions, Iran's threats and China's crude oil import declines are affecting oil prices. Despite predictions that we have hit peak oil demand, evidence indicates those predictions are premature.
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August 7, 2024 • 40 mins
A State Senator wants to mandate that the State's pension plans divest oil and gas investments, even though it could jeopardize the financial health of those pensions. A major Corporation founded in 1879 moves out of California. Oil reacts to supply tightness and financial markets' slump, Iran's vow of retaliation against Israel and the U.S. following the killing of two terrorist leaders and oil production disruptions in Libya.
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