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BEAVERTON, Ore.--(BUSINESS WIRE)--Dec 20, 2024-- After gaining momentum throughout the year, last month spot truckload freight volumes retreated to their lowest point since January, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241220897542/en/ DAT: November truckload volumes lagged robust October (Photo: DAT Freight & Analytics) The DAT Truckload Volume Index (TVI) declined for all three equipment categories compared to October: Van TVI: 246, down 18% Refrigerated TVI: 204, down 11% Flatbed TVI: 242, down 23% The TVI was higher year over year only for reefer freight, up 7% compared to November 2023. The van and flatbed TVI were down 1% and 5%, respectively. “Shippers moved so much freight into the U.S. earlier this year, ahead of potential tariffs and port strikes, that we didn’t see the volumes we might expect in November,” said Ken Adamo, DAT Chief of Analytics. “The exception was reefer freight. The late Thanksgiving gave grocers a few extra shipping days for fresh and frozen goods.” Spot reefer rate strengthened ahead of the holiday The national average spot rate for reefer freight increased 6 cents to $2.45 a mile, the most since January. The van rate was unchanged at $2.02 and the flatbed rate fell 5 cents to $2.37. The van linehaul rate averaged $1.64 a mile, up 1 cent compared to October. The reefer rate was $2.04, up 7 cents, and the flatbed rate slipped 3 cents to $1.93. Rates are about 5% higher year over year. Contract rates dipped but show signs of strength National average contract rates were changed little last month: Contract van rate: $2.40 per mile, down 1 cents but 11 cents lower year over year Contract reefer rate: $2.74 a mile, unchanged and down 18 cents year over year Contract flatbed rate: $3.03 a mile, down 1 cent and 11 cents lower than last year At 0.3%, the DAT iQ New Rate Differential (NRD) for van freight was above zero for the third month in a row for the first time since Spring 2022. The NRD measures changes in the contract market by comparing rates entering the market to those exiting; a positive NRD signals a tightening market and higher rates for shippers. “The NRD suggests that truckload pricing for contract freight is moving higher,” Adamo said. “We don’t expect bold changes quickly, but all indications point to steady rate growth into the first half of 2025.” About the DAT Truckload Volume Index The DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month. A baseline of 100 equals the number of loads moved in January 2015, as recorded in DAT RateView, a truckload pricing database and analysis tool with rates paid on an average of 3 million monthly loads. DAT benchmark spot rates are derived from invoice data for hauls of 250 miles or more with a pickup date during the month reported. Linehaul rates subtract an amount equal to an average fuel surcharge. About DAT Freight & Analytics DAT Freight & Analytics operates both the largest truckload freight marketplace and truckload freight data analytics service in North America. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights based on more than 400 million annual freight matches, and a database of $150 billion in annual freight market transactions. Founded in 1978, DAT is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. DAT is headquartered in Beaverton, Ore. Visit dat.com for more information. View source version on businesswire.com : https://www.businesswire.com/news/home/20241220897542/en/ CONTACT: DAT Contact Georgia Jablon PR@dat.com /georgia.jablon@dat.com KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE SUPPLY CHAIN MANAGEMENT NETWORKS PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY RETAIL TRUCKING DATA ANALYTICS TRANSPORT FINANCE LOGISTICS/SUPPLY CHAIN MANAGEMENT SOURCE: DAT Freight & Analytics Copyright Business Wire 2024. PUB: 12/20/2024 12:46 PM/DISC: 12/20/2024 12:47 PM http://www.businesswire.com/news/home/20241220897542/enLearn about what makes Philippine President Rodrigo Duterte controversial to the Philippine people. Philippine Vice President Sara Duterte shockingly declared Saturday that she had contracted an assassin to kill the president, his wife and other top officials should she meet an untimely demise. Duterte warned in an online press conference that she is deadly serious and not joking about her threat to have President Ferdinand Marcos Jr. killed if something happens to her first. Executive Secretary Lucas Bersamin referred the "active threat" against the president to an elite presidential guard force "for immediate proper action." The Presidential Security Command said it has "heightened and strengthened" Marcos' security protocols. "We are also closely coordinating with law enforcement agencies to detect, deter, and defend against any and all threats to the President and the First Family." Security officials are treating the threat – "made so brazenly in public" – with the "upmost seriousness." PHILIPPINES DEPLOYS NEW COAST GUARD SHIP TO SABINA SHOAL, DEFYING CHINA'S DEMANDS FOR WITHDRAWAL Philippine Vice President-elect Sara Duterte, daughter of outgoing populist president of the Philippines, delivers her speech during her oath-taking rites in her hometown in Davao city, southern Philippines, on June 19, 2022. (AP Photo/Manman Dejeto) "We consider this a matter of national security and shall take all necessary measures to ensure the President’s safety," the command said. It is unclear what action, if any, will be taken against the vice president. Marcos and Duterte ran on the same ticket in the May 2022 elections and both were elected with landslide majorities after campaigning on national unity. But divisions over policy towards Chinese aggression in the disputed South China Sea and other key issues interrupted the honeymoon and led to a falling out between Marcos and Duterte. A TIMELINE OF CLASHES BETWEEN CHINA AND THE PHILIPPINES IN SOUTH CHINA SEA, FOLLOWING LATEST SHIP COLLISION Philippine President Ferdinand Marcos Jr. answers questions during a forum of the Foreign Correspondents Association of the Philippines on Monday, April 15, 2024, in Manila, Philippines. (AP Photo/Aaron Favila) Duterte, a populist, is the daughter of the equally controversial former President Rodrigo Duterte , a well-known critic of Marcos, his wife Liza Araneta-Marcos and House Speaker Martin Romualdez, the president's ally and cousin. Duterte has accused them of corruption, incompetence and political persecution of her family and supporters. Her threat to have Marcos killed came after House members allied with Romualdez and Marcos detained her chief of staff, Zuleika Lopez, who was accused of hampering a congressional inquiry into the possible misuse of her budget as vice president and education secretary. Lopez was later transferred to a hospital after falling ill, and wept when she heard of a plan to temporarily lock her up in a women’s prison, the Associated Press reported. Furious, Duterte held an online press conference Saturday and accused Marcos of incompetence as president and of being a liar, along with his wife and the House speaker, throwing several expletives at them in her remarks. When asked about concerns over her security, the 46-year-old lawyer suggested there was an unspecified plot to kill her. "Don’t worry about my security because I’ve talked with somebody. I said 'if I’m killed, you’ll kill BBM, Liza Araneta and Martin Romualdez. No joke, no joke,’" the vice president said without elaborating and using the initials that many use to call the president. EX-PHILIPPINE LEADER RODRIGO DUTERTE LAUNCHES ALLEGATIONS AT SUCCESSOR, SPARKING POLITICAL RIFT Philippine President Rodrigo Duterte gestures during his fourth State of the Nation Address at the Philippine Congress in Quezon City, Metro Manila, Philippines July 22, 2019. (REUTERS/ Eloisa Lopez) "I’ve given my order, ‘If I die, don’t stop until you’ve killed them.’ And he said, ’yes,’" the vice president said, per the AP. Philippine law criminalizes public remarks that may constitute a crime of threatening to inflict a wrong on a person or his family, which is punishable by jail time and a fine. In light of the chaotic political divisions, military chief Gen. Romeo Brawner put out a statement that pledged the 160,000-member Armed Forces of the Philippines would remain nonpartisan "with utmost respect for our democratic institutions and civilian authority." "We call for calm and resolve," Brawner said. "We reiterate our need to stand together against those who will try to break our bonds as Filipinos." CLICK HERE TO GET THE FOX NEWS APP Duterte's father Rodrigo Duterte presided over polcie-enforced anti-drugs crackdowns when he was a city mayor and later president tthatleft thousands of drug suspects dead in killings the International Criminal Court has been investigating as a possible crime against humanity. The former president has denied authorizing extrajudicial killings under his anti-drug crusade, but some of his public statements have contradicted his denials. He told a public Philippine Senate inquiry last month that he had maintained a "death squad" of gangsters to kill other criminals when he was mayor of southern Davao city. The Associated Press contributed to this report. Chris Pandolfo is a breaking news reporter for Fox News Digital. Send tips to chris.pandolfo@fox.com and follow him on Twitter @ChrisCPandolfo.
Despite boxing legend Joe Frazier's former gym having landmark status that should offer protections, City Council had to step in Thursday to prevent possible demolition of the 109-year-old building. The building at 2917 N. Broad Street has been deemed "unsafe" by the Department of Licenses and Inspections each year since it was purchased in 2022 for $850,000 by Broad St. Holdings, which owes $26,000 in taxes and unpaid utility bills on the space. If it continues to deteriorate and reaches "imminently dangerous" status, the city can knock it down even though it appears on both the Philadelphia and national registers of historic places. To help save the facility, council members unanimously approved a resolution from Jeffery Young Jr. (D-5th) asking L&I to halt any possible destruction plans and calling on the city, state and Preservation Alliance for Greater Philadelphia to find a new use for the building. After Frazier won gold at the 1964 Olympic Games in Tokyo and began his professional boxing career, Cloverlay Group purchased an old warehouse and converted it into a gym for the heavyweight fighter in 1968. Frazier trained here for some of his most noteworthy fights, including against Muhammad Ali and George Foreman. "(Frazier) understood what life was like growing up in the city, making it and coming back to give to your city," Young said. "We will do everything we can to see that iconic building coming to and restore its glory back on North Broad Street." Frazier ultimately purchased the building in 1975 after he retired and opened it to the public. Among the professional fighters he trained there before it closed in 2008 are Bert Cooper, Duane Bobick, Jesse Hart and his son Marvis Frazier. He also sometimes lived in an apartment upstairs. Three of Frazier's granddaughters testified at Thursday's hearing. "What message are we sending to the world to tear down a piece of that history?" Tamyra Frazier-Thomas said. "Where's the love in that? I'm not speaking of fictional characters that run through the city and up the Art Museum steps, but the person that actually did it." Frazier owed $127,000 in unpaid taxes and put the gym up for sale . Eventually , it was sold to Broad Enterprise Group for $350,000, and it became a discount furniture store. But it's now vacant. Frazier died in 2011 from liver cancer at the age of 67. There are other tributes to Frazier around Philadelphia, including a statue of him outside Xfinity Live! and a stretch of Glenwood Avenue between Broad Street and Germantown Avenue was renamed Smokin’ Joe Frazier Boulevard .Russia has established direct communications with Hayat Tahrir al-Sham, Syria's leading Islamist rebel faction, Deputy Foreign Minister Mikhail Bogdanov revealed. The Interfax news agency reported that these discussions are aimed at ensuring Syria's order and securing the safety of diplomats and foreigners. Bogdanov emphasized Russia's determination to maintain its military presence in Syria, primarily at the naval base in Tartous and the Khmeimim Air Base. These sites play a crucial role in the ongoing fight against international terrorism, which continues to target remnants of the Islamic State. Meanwhile, efforts are underway to find a political settlement determined by the Syrian people. Discussions involving another Deputy Foreign Minister Sergei Vershinin and U.N. envoy Geir Pedersen focus on stabilizing the region while upholding Syria's sovereignty and territorial integrity. (With inputs from agencies.)
Generative AI took the world by storm in November 2022, with the release of OpenAI's service ChatGPT. One hundred million people started using it, practically overnight. Sam Altman, the CEO of OpenAI, the company that created ChatGPT, became a household name. And at least half a dozen companies raced OpenAI in an effort to build a better system. OpenAI itself sought to outdo GPT-4, its flagship model, introduced in March 2023, with a successor, presumably to be called GPT-5. Virtually every company hurtled to find ways of adopting ChatGPT (or a similar technology, made by other companies) into their business. There is just one thing: Generative AI doesn't actually work that well, and maybe it never will. Fundamentally, the engine of generative AI is fill-in-the-blanks, or what I like to call "autocomplete on steroids." Such systems are great at predicting what might sound good or plausible in a given context, but not at understanding at a deeper level what they are saying; an AI is constitutionally... Gary MarcusNo. 1 South Carolina experiences rare sting of loss
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The Greens are blaming Anthony Albanese’s “ego” for a failure to strike a deal on his government’s signature housing bills. The government was set to bring on a vote on its Help to Buy and Build to Rent bills on Monday. They have been stalled in the Senate for months, with the Coalition vehemently opposed to them and the Greens saying they do not go far enough. The government on Sunday knocked back the Greens’ latest offering, claiming it was potentially unlawful and financially unviable. Greens senator Larissa Waters said the government had refused to engage on a deal “at every opportunity”. “We came back with what we thought was a really moderate offer which would still help about 60,000 people by just funding an additional 25,000 homes, and I’m incredulous that overnight we had the government say that they won’t even do that,” she told the ABC. “I think renters and people who are trying to (buy) their own home will be astounded that it seems like the Prime Minister’s ego is getting in the way of people having the homes that they need. “I can’t quite understand the psychology there.” The Greens have made multiple proposals to get Help to Buy and Build to Rent through the Senate, including action on rent freezes and caps, an end to tax concessions for property developers, and a government-owned property developer that would build homes to sell at just above the cost of construction. In their latest offer, the minor party wanted 25,000 shovel-ready homes immediately built that had not secured funding from the initial round of the Housing Australia Future Fund (HAFF). They also wanted the government to raise the number of rent-capped apartments in Built to Rent properties from 10 per cent to 30 per cent. But Housing Minister Clare O’Neil dismissed the Greens’ latest proposal as “unlawful and unworkable”, saying it was “yet another political stunt”. “One of the proposals put forward would have required me as minister to direct Housing Australia to fund homes that Housing Australia has looked at and decided not to fund, and that is against the law,” she told the ABC. “That is against the Housing Australia Act, so this is just one of a whole range of serious problems with what was put forward.” If passed, the Help to Buy Bill would allow first-home buyers to purchase a property under a shared equity scheme with the government. Simply, the government would foot up to 40 per cent of the funds for a new home and 30 per cent for an existing home. Meanwhile, Build to Rent aims to incentivise the construction of rent-only developments through tax benefits. The Senate knocked back the legislation earlier this year, sending it to an inquiry for further scrutiny. The bills are just two of dozens of items the government hopes to get through in the final sitting week of the year. Originally published as Grim future for key housing bills after hopes of Greens deal collapseWintrust Financial Co. (NASDAQ:WTFC) Shares Purchased by Natixis Advisors LLC
DETROIT (AP) — In the waning days of President Joe Biden's administration, the government's highway safety agency is proposing voluntary safety guidelines for self-driving vehicles. Read this article for free: Already have an account? To continue reading, please subscribe: * DETROIT (AP) — In the waning days of President Joe Biden's administration, the government's highway safety agency is proposing voluntary safety guidelines for self-driving vehicles. Read unlimited articles for free today: Already have an account? DETROIT (AP) — In the waning days of President Joe Biden’s administration, the government’s highway safety agency is proposing voluntary safety guidelines for self-driving vehicles. But a rule from the National Highway Traffic Safety Administration putting the plan in place won’t be approved before the end of Biden’s term in January and likely will be left to whoever runs the agency under Republican Donald Trump. Tesla CEO Elon Musk, whom Trump has named to co-lead a “Department of Government Efficiency” to cut costs and regulations, has floated the idea of him helping to develop safety standards for self-driving vehicles — even though the standards would affect Tesla’s automated driving systems. At present there are no federal regulations that specifically govern autonomous vehicles, and any regulation is left to states. However, self-driving vehicles must meet broad federal safety standards that cover all passenger vehicles. Under the agency’s proposal, released on Friday, automakers and autonomous vehicle companies could enroll in a program that would require safety plans and some data reporting for autonomous vehicles operating on public roads. To apply companies would have to have independent assessments of their automated vehicle safety processes, and there would be requirements to report crashes and other problems with the vehicles. Companies would have to give NHTSA information and data on the safety of the design, development and operations of the vehicles. The agency would decide whether to accept companies into the program. But auto safety advocates say the plan falls short of needed regulation for self-driving vehicles. For instance, it doesn’t set specific performance standards set for the vehicles such as numbers and types of of sensors or whether the vehicles can see objects in low-visibility conditions, they said. “This is a big bunch of nothing,” said Missy Cummings, director of the autonomy and robotics center at George Mason University and a former safety adviser to NHTSA. “It’ll be more of a completely useless paperwork drill where the companies swear they’re doing the right thing.” Michael Brooks, executive director of the nonprofit Center for Auto Safety, said one of the few good things about the plan is that companies will have to report data on crashes and other problems. There have been reports that the Trump administration may want to scrap a NHTSA order that now requires autonomous vehicle companies to report crashes to the agency so it can collect data. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. A message was left Friday seeking comment from the Trump transition team on crash reporting requirements. Brooks said the incoming administration probably will want to put out its own version of the guidelines. NHTSA will seek public comment on the plan for about 60 days, then the plan would have to wind its way through the federal regulatory process, which can take months or even years. “It is important that ADS (Automated Driving System) technology be deployed in a manner that protects the public from unreasonable safety risk while at the same time allowing for responsible development of this technology, which has the potential to advance safety,” the proposed rule says. The agency concedes that in the future, there may be a need for NHTSA to set minimum standards for self driving vehicle performance that are similar to mandatory safety standards that govern human-driven cars. But the agency says it now doesn’t have data and metrics to support those standards. The voluntary plan would help gather those, the proposal said. Advertisement AdvertisementWales slumped to a 12th successive Test match defeat and head coach Warren Gatland saw the pressure ramped up on him as world champions South Africa won 45-12 at the Principality Stadium. For the first time since 1937, Wales went a whole calendar year without winning a Test, and many will feel that Gatland’s job is now hanging by a thread. Advertisement South Africa were not at their best, but the sad truth for Wales is that they did not have to be. SGÔR TERFYNOL | FULL TIME 🏴 12 - 45 🇿🇦 #AutumnNationsSeries pic.twitter.com/jk9nbnA5m0 — Welsh Rugby Union 🏴 (@WelshRugbyUnion) November 23, 2024 Advertisement The Springboks ran in seven tries – Franco Mostert, Eben Etzebeth, Kurt-Lee Arendse, Aphelele Fassi, Elrigh Louw, Jordan Hendrikse and Gerhard Steenekamp touched down – while Hendrikse kicked five conversions. Wales claimed consolation scores from wing Rio Dyer and flanker James Botham, with Ben Thomas adding one conversion, but the game was done inside the opening quarter after South Africa posted three tries. Advertisement Whether Gatland, who has now lost 18 of 24 Tests since returning for a second stint as head coach, remains in charge for a daunting Six Nations opener against France in Paris on January 31 must be a subject of huge debate. Whatever happens, though, Wales are at the lowest point in their 143-year international rugby history, and there appears no respite any time soon. Wales showed two late changes, with wing Tom Rogers ruled out by a calf muscle injury and prop Gareth Thomas missing out through illness. Gloucester back Josh Hathaway replaced Rogers, with Nicky Smith taking over from Thomas. It took South Africa just six minutes to open their account after a move forged by skipper Siya Kolisi’s strong run ended with Mostert sprinting over unopposed and Hendrikse converting. Advertisement Jordan Hendrikse scored a try and kicked five conversions for South Africa (David Davies/PA) Mostert’s second-row partner Etzebeth then rounded off fine work by Arendse and Wales were already facing damage-limitation as fly-half Sam Costelow went off for a head injury assessment. Centre Ben Thomas moved to the number 10 role with Scarlets centre Eddie James going on but South Africa added a third try inside the opening quarter after Arendse touched down wide out and Hendrikse converted. Advertisement Costelow rejoined the action and Wales managed to secure some scraps of possession before Etzebeth went off injured 11 minutes before half-time and was replaced by RG Snyman. South Africa twice saw players held up over the Wales line, then Kolisi had a try disallowed following a knock-on in approach play by scrum-half Jaden Hendrikse. But the Springboks did not have long to wait for try number four, with Wales unable to handle their power-runners, and Louw crossed between the posts. Jordan Hendrikse’s conversion made it 26-0, yet Wales managed the final scoring act of a hopelessly one-sided opening half when Dyer finished strongly on his first appearance of the autumn campaign. Rio Dyer, right, provided brief cheer for home supporters (PA) It was his eighth international try, and at least ensured Wales opened their account, albeit against a Springboks side that had rarely moved out of third gear. Costelow did not reappear for the second period – James came back on – and there was also a Test debut off the bench for Gloucester forward Freddie Thomas, who replaced Taine Plumtree and went into the back-row. It took South Africa until 14 minutes into the second period to increase their advantage, and it was Arendse’s jinking running that created space for Fassi, who crossed on the overlap. Replacement prop Steenekamp claimed South Africa’s sixth try, converted by Jordan Hendrikse, and Wales still had 17 minutes left before their misery would be over. Jordan Hendrikse then added a final try that he also converted, and Wales could escape to the sanctuary of their changing room after Botham’s late effort.