Transport Topics
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An unexpected decline in August retail sales and downward revisions to the prior two months mainly reflected weaker results at auto dealerships, Commerce Department figures showed Sept. 15.
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U.S. retail sales of Class 8 trucks rose to the second-highest total of the year, eclipsing 17,000, as they begin to mimic the earlier strengthening of orders and production, and small- and medium-size fleets increasingly see new trucks as crucial to driver retention, experts said.
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U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Sept. 15.
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Numerous studies by the Department of Transportation, the Association of State and Highway Transportation Officials, American Trucking Associations and the American Road and Transportation Builders Association have warned that the quality and quantity of U.S. transportation infrastructure is deficient and in dire need of permanent, long-term funding.
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