hurricane News Updates

Business

Service Industries Index at 12-Year High Following Storms

America’s service industries expanded in September at the fastest clip in 12 years, signaling vibrancy across the bulk of the economy following two major hurricanes, a survey from the Institute for Supply Management showed Oct. 4.

October 4, 2017
Business

Companies Add Fewest Workers in Nearly a Year, ADP Says

Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanes Harvey and Irma, according to data released Oct. 4 from the ADP Research Institute in Roseland, New Jersey.

October 4, 2017
Business, Equipment, Logistics

Spot Market Activity Still Bustling One Month After Devastation of Harvey, Irma

One month after two devastating hurricanes ripped through Texas and Florida, spot market activity remains hectic across the country, setting records along the way.

October 3, 2017
Business

Hurricanes Likely to Trim Penske Earnings

Penske Automotive Group Inc. estimated hurricane-related losses, expenses and business interruption (net of expected insurance proceeds) will reduce earnings per share by 4 cents to 5 cents for the three months ended Sept. 30, according to the company.

October 2, 2017
Business

Consumer Sentiment Cools as Storms Deliver Hit to Outlook

Concern over the fallout from a pair of late-summer hurricanes caused U.S. consumer sentiment to dip in September, though Americans remain relatively optimistic about the direction of the economy, a University of Michigan survey showed Sept. 29.

September 29, 2017
Government

US DOT Grants $40 Million in Relief Funds to Puerto Rico

Puerto Rico will receive $40 million in federal relief funds to repair damage wrought by Hurricane Maria.

September 28, 2017
Business

US Jobless Claims Rise on Irma's Effects in Florida, Georgia

U.S. filings for unemployment benefits rose last week on increases in Florida and Georgia after the southeastern states were hit by Hurricane Irma, Labor Department figures showed Sept 28.

September 28, 2017
Government, Business, Logistics

Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico

President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah Sanders said Sept. 28.

September 28, 2017
Business

New-ºÚÁϳԹÏÍø Sales Cool, Supply Jumps as Storms Strike South

A second straight decline in purchases of new U.S. homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma, according to government data Sept. 26.

September 26, 2017
Business, Safety, Logistics, TCA

Transportation Rebounding From Hurricane Harvey’s Havoc

Container ships bound for Houston called on other ports as Hurricane Harvey slogged its way across the upper Texas coast and into the history books.

September 25, 2017