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Updated: 50 min 38 sec ago

United Air Says 36,000 US Jobs at Risk Once Aid Ends

Wed, 07/08/2020 - 14:30
United Airlines Holdings Inc. notified 36,000 employees, or 45% of its U.S. workforce, that their jobs are at risk after federal payroll aid expires at the end of September.

Transportation Funding Bill Would Increase FMCSA Budget

Wed, 07/08/2020 - 14:00
FMCSA would receive $881 million for operations during the next fiscal year under legislation a House panel approved July 8.

Energy Transfer Says It Won’t Shut Dakota Access Despite Ruling

Wed, 07/08/2020 - 13:45
Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.

What a Shift Away From China Means for Trucking

Wed, 07/08/2020 - 13:00
How will U.S. trucking be affected if certain businesses move out of China and into other parts of Asia or even to North America?

Oil’s Recovery Capped by Stubborn US Crude Glut, Dour Demand

Wed, 07/08/2020 - 12:45
Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.

May Extends Slide in Used Class 8 Truck Prices

Wed, 07/08/2020 - 12:45
The price of the average used Class 8 vehicle fell for the 13th consecutive month in May. Sales at retail outlets held up, while inventories headed down because there was no deluge of equipment flooding the market as a casualty of the COVID-19 pandemic, ACT Research reported.

Tesla Pushes China’s EV Bubble Closer to Bursting

Wed, 07/08/2020 - 11:45
Tesla Inc.’s new Shanghai plant has churned out super-popular Model 3 electric sedans for the past six months, catapulting the company atop the sales chart and piling the pressure on cash-strapped local rivals. There was another casualty last week.

Mexican President Lopez Obrador to Meet With Trump on USMCA

Wed, 07/08/2020 - 10:30
Mexican President Andres Manuel Lopez Obrador will on July 8 hold talks with his U.S. counterpart Donald Trump during a working visit aimed at marking the launch of the new North American trade agreement, the U.S.-Mexico-Canada Agreement.

Boeing Has Settled Almost All Lion Air Crash-Death Claims

Wed, 07/08/2020 - 09:45
Boeing Co. said it settled 90% of the wrongful death claims filed in a U.S. court over the 2018 crash of a 737 Max jet operated by Lion Air.

ATA Praises USMCA Pact

Wed, 07/08/2020 - 09:30
The trade deal with Canada and Mexico that took effect at the start of the month garnered a strong endorsement from the leadership at American Trucking Associations.

World’s Supply Chain Managers Bask in Their Extended Moment

Wed, 07/08/2020 - 09:15
Accustomed to crunch time and performing in a crisis, the world’s supply chain managers are having something of an extended moment in pandemic recovery mode.

Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon

Wed, 07/08/2020 - 09:00
Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.

Walmart Jumps With Amazon Prime Challenger Nearing Debut

Tue, 07/07/2020 - 14:45
Walmart Inc. will introduce a subscription service this month to compete with Amazon.com Inc.’s Prime program, according to a person familiar with the plans.

Biden Promises to Bolster US Medical Equipment Supply Chain

Tue, 07/07/2020 - 12:45
Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil,” creating jobs and bolstering a domestic supply chain he says has been exposed as inadequate and vulnerable by the coronavirus outbreak.

Biden Promises to Bolster US Medical Equipment Suppy Chain

Tue, 07/07/2020 - 12:45
Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil,” creating jobs and bolstering a domestic supply chain he says has been exposed as inadequate and vulnerable by the coronavirus outbreak.

White House Wants Stimulus by August Recess With $1 Trillion Cap

Tue, 07/07/2020 - 10:45
The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide.

Tesla Bull Case Raised Above $2,000 a Share at Morgan Stanley

Tue, 07/07/2020 - 10:00
Morgan Stanley analysts lifted their bull-case price target for Tesla Inc. to $2,070 after an “extraordinary” rally saw the stock overshoot a previous best-case scenario of $1,200. But they still don’t recommend buying Tesla shares.

I-440 Project in Nashville Wraps Ahead of Schedule

Tue, 07/07/2020 - 09:45
A major Interstate 440 reconstruction project has been completed ahead of schedule, Tennessee government officials recently announced.

Electric Vehicles Are Starting to Buoy the Global Metals Market

Tue, 07/07/2020 - 09:00
The market gloom over the metals that will power the cars of the future is starting to lift.

FHWA Announces Funding Opportunity for Technology Grants

Tue, 07/07/2020 - 08:15
The Federal Highway Administration recently announced the availability of $60 million in grant funding for groups working on projects that involve transportation technologies.

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