01 May China's Uber for Trucking Said to Get $156 Million in Funding Truck Alliance Inc., an Uber-type service for trucks in China known as Huochebang, is near an agreement to raise about $156 million, people familiar with the matter said. Read more...
01 May Trump Open to Raising Gas Tax, Says Truckers Back Higher Price for Highways President Donald Trump said he's willing to raise the U.S. gas tax to fund infrastructure development and called the tax-overhaul plan he released last week the beginning of negotiations. Read more...
01 May Pennsylvania Township Transforms Into Logistics Hub With More Than 100 Football Fields of Warehouse Space Just a few miles off Route 22 in Allen Township, Pa., quarter horses gallop through a pasture and farmers tend to soil that will soon sprout corn. By summer, fields of wildflowers will bloom, giving motorists off the beaten path a pleasing dose of nature. Read more...
01 May Manufacturing Expanded Less Than Forecast in April America's factories expanded less than forecast in April as measures of orders and employment pulled back, Institute for Supply Management data showed May 1. Read more...
01 May Consumer Spending in Stalls in March U.S. consumer spending stalled in March while inflation slowed to below the Federal Reserve's target, showing the biggest part of the economy might take more time to gain momentum after a tepid start to the year. Read more...
01 May Uber Demotes Man at Center of Waymo Self-Driving Car Lawsuit Anthony Levandowski, who is at the center of Alphabet Inc.'s trade secrets lawsuit against Uber Technologies Inc., stepped down from his post overseeing self-driving car technology Read more...