What are the opening hours?

Monday 8am - 5pm Tuesday 8am - 5pm Wednesday 8am - 5pm Thursday 8am - 5pm Friday 8am - 5pm Saturday 8am - 5pm Sunday 8am - 5pm

RTM INC, 3121D Fire Road #212, Egg Harbor Township, NJ (2025)

01/06/2025

Tesla Sales Decline for First Time in More Than a Decade❗️

Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter. 📉

The Elon Musk-led company sold 1.79 million vehicles last year, it said Jan. 2, which was slightly less than what it delivered in 2023 and also below analysts’ consensus estimate. ⚠️

The results offer a sobering reminder of the real-world challenges for EV makers, even as hype around driverless cars and Musk’s closeness with President-elect Donald Trump have sent Tesla’s stock soaring in recent months. Lukewarm consumer demand is weighing on sales of electric cars, an issue that could be exacerbated by Trump’s push to rein in EV incentives. 📊

Tesla’s shares sank after the results, falling 5.8% as of 10:49 a.m. in New York. The stock rose 63% in 2024. 📌

For the quarter ended Dec. 31, it delivered 495,570 vehicles, missing the 512,277 analysts had projected. It needed to sell nearly 515,000 vehicles in the quarter to meet its goal for “slight” growth in the full year. 📝

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

01/04/2025

Stellantis, VW Shares Fall After US Tax Credit Cuts❗️

Stellantis NV and Volkswagen AG shares declined as some of their plug-in cars lost access to U.S. tax credits under tougher rules that took effect this week. 📉

VW’s ID.4 electric crossover lost its full $7,500 tax credit, according to the latest listing by the Department of Energy and Environmental Protection Agency. Models from the likes of Nissan Motor Co. and Stellantis that previously received as much as $3,750 are now also ineligible. ⚠️

Stellantis shares fell as much as 3.8% in Milan. VW’s stock declined as much as 1.4% in Frankfurt. 📊

The reclassification, part of President Joe Biden’s Inflation Reduction Act, tightens domestic sourcing requirements for battery parts and the raw materials used to build them. The number of EVs and plug-in hybrids that currently qualify for a credit is 18 models, down from 22 last year. 📣

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

01/02/2025

Diesel Price Rises to $3.503 as Fluctuation Continues 📈

Diesel prices rose slightly this week, climbing 2.7 cents per gallon to reach a national average of $3.503, according to U.S. Energy Information Administration data released Dec. 30. Over the past seven weeks, prices have increased four times and decreased three times, yielding a net increase of 1.2 cents. ⚠️

Regional Analysis 📊

▪️ East Coast (PADD 1): Diesel prices in the East Coast region rose 1.9 cents to average $3.587 per gallon, closely mirroring the national trend.
▫️ Midwest (PADD 2): The Midwest experienced a 2-cent increase, reaching an average of $3.469 per gallon.
▪️ Gulf Coast (PADD 3): At $3.196 per gallon, Gulf Coast diesel prices rose by 4.2 cents, the largest increase of any region this week.
▫️ Rocky Mountain (PADD 4): The Rocky Mountain region saw an increase of 4.2 cents, bringing the average to $3.37 per gallon.
▪️ West Coast (PADD 5):
- West Coast less California: Prices surged by 6 cents to $3.705, representing the steepest regional increase.
- California: Diesel prices slipped four-tenths of a cent to $4.576, maintaining the highest average price nationwide.

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/31/2024

🎆 Cheers to 2025 with RTM Inc.! 🎇

A new year means new horizons, and we’re ready to move forward with confidence and purpose! 🚚 ✨

💡 This past year taught us the value of resilience and innovation. As we look ahead, we’re inspired by the opportunities and challenges that await.

To our clients, partners, and team:
🌟 You are the reason we’re growing stronger each year. Together, we’re creating a future filled with progress and success.

Here’s to a year of ambitious goals, smooth roads, and shared victories. Happy New Year! 🥂

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/29/2024

Startups Seek Customers, Funds to Advance Class 8 Ambitions ⚠️

Startups require access to considerable funding on the road to launching manufacturing, and even more to remain afloat once production lines commence operations — a truism especially apt for manufacturers of alternative-power trucks in 2024. 🚚

Original equipment manufacturers with ambitions for their Class 8 battery-electric or hydrogen fuel cell electric trucks found last year an especially rocky road, as even the companies racking up customer wins faced dwindling cash piles in urgent need of replenishment. 📊

The final month of 2024, for instance, saw battery-electric truck and bus maker Lion Electric file for bankruptcy protection while hydrogen fuel cell electric truck manufacturer Hyzon said layoffs were inevitable, and the company would likely fold, without a substantial injection of additional funds or a new deep-pocketed owner. 📌

Bolingbrook, Ill.-based Hyzon issued Worker Adjustment and Retraining Notification Act notices to employees in Illinois and Michigan on Dec. 20, providing the 60 days’ notice to staff required by federal law. 📝

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/26/2024

Trucking Slowly Climbs Toward the Up Cycle in 2025 ✅

The trucking industry is expected to slowly improve next year even as market headwinds and uncertainty leaves many unknowns heading into 2025. 📈

The freight market has struggled for nearly two years to gain traction after it collapsed into an unusually prolonged down cycle, but that only came after an exceptionally good up cycle brought on by the coronavirus pandemic. Now experts are cautiously optimistic the resulting mismatch between freight demand and capacity will be further corrected over the coming year. 🚚

“You have a freight environment that is very slightly improved, and you have capacity that is very slightly lower, that has produced the makings of a recovery next year,” said Avery Vise, vice president of trucking at FTR Transportation Intelligence. “Utilization has steadily improved, but at this point is basically running at about an average level, and that isn’t really going to produce much of an inflection in rates. But we do expect to see that.” 📣

Vise anticipates that inflection is likely to occur in the second quarter. One potential upset he is watching, however, is how the economy responds to the anticipated tariffs that have been floated by President-elect Donald Trump, though he is optimistic they could boost freight rates. 📊

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/24/2024

Diesel Price Dips 1.8¢ to $3.476 a Gallon ✅

U.S. diesel prices dipped this week, reflecting a national average decline of 1.8 cents per gallon to $3.476, according to the U.S. Energy Information Administration’s Dec. 23 report. 📣

The current price marks a reverse from last week’s 3.6-cent gain, which came on the heels of an 8.2-cent drop Dec. 9. Over the past six weeks, there have been three increases and three decreases for a net decrease of 1.5 cents a gallon. 📉

▪️ East Coast (PADD 1): The East Coast experienced a slight dip in diesel prices, declining by seven-tenths of a cent to $3.568 per gallon.
▫️ Midwest (PADD 2): In the Midwest, diesel prices remained virtually flat, dropping just a tenth of a cent to $3.449 per gallon.
▪️ Gulf Coast (PADD 3): The Gulf Coast saw a significant decrease of 3.6 cents, bringing its average to $3.154 per gallon.
▫️ Rocky Mountain (PADD 4): Prices in the Rocky Mountain region fell 2.9 cents to $3.328 per gallon, marking one of the sharper declines of the week.
▪️ West Coast (PADD 5): Diesel prices fell sharply, 8.1 cents to $3.645 per gallon, the steepest weekly decline nationwide. California: Prices dropped 1.7 cents to $4.58 a gallon.

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/22/2024

Hyzon to Begin Layoffs in February Without More Funds, Buyer❗️

Hyzon expects to start laying off U.S. employees in February if the hydrogen fuel cell electric truck maker cannot raise more funds or find a buyer, the company said Dec. 20. ⚠️

Bolingbrook, Ill.-based Hyzon issued Worker Adjustment and Retraining Notification Act notices to employees in Illinois and Michigan on Dec. 20, providing the 60 days’ notice to staff required by federal law. 📝

The company began warning in June that layoffs in the U.S. and a new owner were a possibility and that more funds were needed even as the start of serial production of its Class 8 tractor approached. 📌

Hemorrhaging cash, Hyzon first hired bankers at PJT Partners in June to explore the company’s options. Dutch and Australian operations were shuttered swiftly after the bankers were engaged, and Hyzon promised to focus on its core North American business. The retrenchment has not been enough, even as monthly cash burn was reduced from $15 million to around $6.5 million and $4.5 million was raised in July through an equity sale. 📊

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/20/2024

Congress Clears TSA Clearance Bill for Truckers ✅

Legislation designed to facilitate commercial drivers’ applications for security credentials was recently cleared by Congress for President Joe Biden’s desk. 📝

The House on Dec. 18 easily approved the Senate-passed Transportation Security Screening Modernization Act, which had gained bipartisan backing. 🚚

“For far too long, the truck drivers who keep our country running have been subjected to an outdated, inefficient credentialing system that does not respect their time and money. That begins to change today. By taking the final step needed to eliminate unnecessary bureaucratic hurdles, Congress will provide essential supply chain workers with overdue relief from redundant background checks and fees,” American Trucking Associations President Chris Spear said soon after final congressional action on the measure. 📌

“The Transportation Security Screening Modernization Act,” Spear explained, “is a bipartisan victory for common sense. We commend members of Congress, especially Sen. Roger Wicker and Rep. Garret Graves, who stood up for truckers, making it easier and less costly for hardworking Americans to obtain the credentials they need to do their jobs.” 📣

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/18/2024

Economists Raise 2025 Inflation Forecasts on Tariff Worries❗️

Economists raised their projections for U.S. inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal Reserve than they anticipated a month ago. 📉

According to the latest Bloomberg monthly survey of economists, the annual core personal consumption expenditures price index — which excludes the volatile food and energy categories — will advance 2.5% on average next year. That forecast for the Fed’s preferred inflation measure is higher than the 2.3% projection in last month’s survey. ⚠️

While economists expect the Fed to lower rates on Dec. 18 for a third straight meeting, they are now penciling in just three more quarter-point cuts in 2025 — at their March, June and September meetings. By the end of 2025, the federal funds rate is projected to be in a 3.5% to 3.75% range. 📊

“Tariffs are a big concern,” although some factors will help mitigate the impact, including some substitution for U.S.-made products and the strong dollar, said James Knightley, chief international economist at ING. 📣

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/16/2024

Tanker Rates Hit by OPEC+ Delays, Weak China Demand❗️

Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top importer slows and OPEC+ delays the restart of idled supply. 📉

The industry’s go-to measure for the route — which excludes loadings in Iran — typically rises in the final quarter on seasonal factors compared with the preceding three months, but it’s bucked that trend this year. 📊

Oil traders are zeroed in on soft demand in China, with year-to-date imports running almost 2% behind 2023’s pace as policymakers grapple with a slowdown that’s hurt raw-material demand. At the same time, a shift toward electric- and LNG-powered vehicles has eaten into some crude usage. That’s helped to put crude prices on course for a back-to-back annual drop. ⚠️

OPEC+ — the crude producers’ alliance that’s led by Saudi Arabia and Russia — has delayed the progressive restart of idled capacity three times in a row, reflecting the challenged demand outlook, as well as rising supplies by rivals. That’s effectively reduced the volume of potential cargoes on offer. 🤔

“VLCCs have borne the brunt of this year’s surprise slowdown in Chinese crude imports,” said Henry Curra, head of research at brokerage Braemar, referring to Very Large Crude Carriers, which typically haul about 2 million barrels. 📣

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/14/2024

Fleets Navigate the Challenges of Driver Acceptance of ADAS ✅

As innovations such as lane departure warnings, speed and traffic light performance recordings, radars and inward-facing cameras help move advanced driver assistance systems forward, industry experts contend getting drivers to buy in to the technology is key to making sure it is being correctly used. ⚠️

“We tell our drivers, the way you come to work is the way we want you to go home to your families,” Jeff Mercadante, vice president of safety for Pitt Ohio, told Transport Topics. 📣

He said that acceptance begins with demonstrating the benefits beyond dollars and cents — and is only successful when drivers fully understand the safety benefits each new system brings. 📝

Pitt Ohio began introducing lane departure warning systems in 2006 and then cameras in 2011. Being able to demonstrate exactly how the systems make the trucks — and the roads — safer is key, he said. “What is so critical in rolling out technology is one, explaining the technology to your drivers, communicating everything that technology does,” Mercadante said. “And then you also want to make sure that they understand how it works and what prompts they’re going get.” 🚚

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/12/2024

OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast 📌

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs. ⚠️

The Organization of Petroleum Exporting Countries chopped projections for consumption growth in 2024 by 210,000 barrels a day to 1.6 million barrels a day, according to its monthly report. The cartel has slashed projections by 27% since July as it belatedly recognizes the deteriorating market picture. 📊

Oil prices have declined 17% since early July as China falters and supply from OPEC’s rivals in the Americas booms. Brent futures are trading near $73 a barrel, too low for the Saudis and many others in the coalition to cover government spending. 📉

Despite the slew of downgrades, OPEC’s forecasts remain significantly higher than most others in the oil industry, and at odds with actual data for consumption this year.❗️

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/10/2024

Diesel Price Drops 8.2¢ in Year’s Largest Decline 📌

The U.S. average diesel price fell 8.2 cents to $3.458 per gallon for the week ending Dec. 9, according to the latest data from the U.S. Energy Information Administration. This significant decline represents the largest weekly drop since Dec. 11, 2023, when prices fell 10.5 cents. 📉

At the national level, diesel remains 52.9 cents cheaper than the same week in 2023, providing some ongoing relief for transportation and logistics operators. Price trends varied by region, though steep weekly declines were recorded across most parts of the country. 📊

Regional Analysis ✅

▫️ East Coast (PADD 1): The East Coast average dropped by 6.2 cents to $3.535 per gallon.
▪️ Midwest (PADD 2): The Midwest recorded a 9.6-cent weekly decline, with prices averaging $3.425 per gallon.
▫️ Gulf Coast (PADD 3): The Gulf Coast, which continues to have the nation’s lowest diesel prices, saw a significant drop of 9.7 cents, bringing its average to $3.130 per gallon.
▪️ Rocky Mountain (PADD 4): The Rocky Mountain region led the country with a sharp 10.2-cent decline, lowering its average to $3.329 per gallon.
▫️ West Coast (PADD 5): The West Coast experienced a 4.5-cent decrease, with an average price of $4.119 per gallon.

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/08/2024

Bus, Truck Maker Lion Electric Sells Facility to Raise Funds❗️

Lion Electric is selling its innovation center in Mirabel, Quebec, to Aeroport de Montreal for C$50 million ($35.3 million) as the embattled battery-electric truck and bus maker fights to stay afloat. ⚠️

Days after laying off 400 staff and halting production at its Joliet, Ill., bus manufacturing plant, Lion continued its ongoing fundraising push with the sale of the 17,925-meter square building, which sits next to the company’s 175,000-square-foot gigafactory battery production plant. The deal is set to close before the end of December. 📊

Lion said Dec. 5 the funds from the sale of the facility would be used for partial repayment of senior secured non-convertible debentures issued in July 2023, reducing its long-term debts. 📣

The debentures were issued to a group of investors led by Canadian real estate developer and manager Mach Groupe and the Mirella & Lino Saputo Foundation. However, the company said its tricky short-term liquidity and cash position were unaffected. On Dec. 1, Lion obtained temporary relief by extending the repayment deadline on a loan and amending the terms of a revolving credit facility.📝

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/06/2024

Trucking Demand and Capacity Edge Closer to Equilibrium ✅

The trucking industry is slowly rebalancing as the mismatch between freight demand and capacity returns to normal, according to experts. 🚚

The coronavirus pandemic brought with it significant supply chain disruptions, including consumers favoring goods over services. The resulting spike in freight demand and rates led to an increase in the number of drivers. But the eventual freight market downturn that began about two years ago created an oversupply of capacity relative to lower demand. 📊

“Broadly speaking, freight demand trends are gradually improving,” said Carter Vieth, research associate at ACT Research. “Threat of another ILA [dockworkers] strike on January 15 has likely caused shippers to pull freight forward, and with tariffs on the horizon following the election, the pull-forward in freight is expected to accelerate further.” 📣

ACT Research noted its volume index increased 7.4 points month-to-month to 56.9 in October. At the same time, its capacity index decreased by 1.1 points to 49.7. This led to its supply-demand balance index increasing to 57.2 points sequentially from 48.8. 📌

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/04/2024

Average Diesel Price Rises Just a Tenth of a Cent to $3.540 📈

The U.S. average diesel price rose by just a tenth of a cent to $3.540 per gallon for the week ending Dec. 2, according to the latest data from the U.S. Energy Information Administration. 📌

This negligible increase follows last week’s more significant rise of 4.8 cents, suggesting a potential stabilization in diesel pricing. Despite this week’s marginal change, diesel is 55.2 cents cheaper than the same week in 2023. 📊

Nationally, diesel prices are down 55.2 cents, indicating significant savings for transportation and logistics industries. California leads the year-over-year declines with an 82.8-cent drop, while the Rocky Mountain region is second with a 69.7-cent reduction. ⚠️

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

12/02/2024

Senate Approves TSA Clearance Bill for Truckers ✅

The U.S. Senate recently passed a bill meant to facilitate commercial drivers’ applications for security credentials. ⚠️

The bipartisan Transportation Security Screening Modernization Act, introduced by Sen. Roger Wicker (R-Miss.), is designed to standardize the security application process for the freight workforce. Specifically, the bill, which easily passed the Senate Nov. 21, would facilitate access to multiple credentials. 📝

“We need to do everything possible to power American commerce. My bill is one step toward that goal. It would help essential workers save time and money, adding more truckers to the workforce and keeping supply chains moving,” Wicker said shortly after the bill’s passage. He is the ranking member on the Armed Services Committee. 📣

The bill’s sponsors explained provisions tucked in the bill would maintain high security standards. Six months after the bill’s enactment, TSA would be required to report to Congress an update on the law’s progress. Co-lead sponsors of the bill include Sens. Deb Fischer (R-Neb.), Angus King (I-Maine) and Jon Tester (D-Mont.). 🚚

On the other side of Capitol Hill, House floor leaders have yet to schedule a vote to clear the measure for the president’s desk. 🤔

Source: www.ttnews.com/ 👆

🔹 RTM INC - YOUR SHIPMENT, YOUR RULES 🔸

RTM INC

01/06/2025

01/04/2025

01/02/2025

12/31/2024

12/29/2024

12/26/2024

12/24/2024

12/22/2024

12/20/2024

12/18/2024

12/16/2024

12/14/2024

12/12/2024

12/10/2024

12/08/2024

12/06/2024

12/04/2024

12/02/2024

Address

Opening Hours

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm
Saturday	8am - 5pm
Sunday	8am - 5pm