31 Jan Driverless Udelv Cargo Vehicle Goes Live An autonomous vehicle designed for last-mile deliveries and e-commerce returns conducted a live test Jan. 30 on public roads in San Mateo, Calif., driving a 2.5 mile loop from a grocery store to two customers. Read more...
31 Jan ATA Chairman Dave Manning: Decongested Roads Important as Economy Improves The potential economic benefits of a long-term infrastructure funding proposal, and the impact a new tax law is having on certain businesses, reinforces a need for better freight connectivity nationwide, ATA Chairman Dave Manning said Jan 31. Read more...
31 Jan Port of Baltimore Getting Six New Yard Cranes for $12 Million Six new yard cranes will be delivered to the port of Baltimore’s Seagirt Marine Terminal on Jan. 31, a $12 million investment officials hope will help alleviate traffic congestion that has resulted from a sharp increase in the number of containers being shipped through the port in the past 18 months. Read more...
31 Jan Volvo Sees Rising Global Truck Demand Straining Supply Chain Volvo AB boosted its forecast for truck markets in the U.S. and Europe this year as low fuel prices and interest rates push demand, a development that’s expected to put more strain on an already tight supply chain. The shares rose the most in three months. Read more...
31 Jan Pending Home Sales Rise as Economic Gains Drive Demand A measure of contract signings to buy existing U.S. homes rose in December for a third month, giving sales some momentum at the start of 2018, according to data released Jan. 31 by the National Association of Realtors. Read more...
31 Jan Gov. Dannel Malloy Releases Revenue Plan for Connecticut Connecticut Gov. Dannel Malloy released a revenue package Jan. 31 that will stabilize the state’s Special Transportation Fund and restore previously canceled projects through various tax increases and a tolling system. Read more...
31 Jan Cummins Acquires Battery Systems Business From Johnson Matthey Independent engine maker Cummins Inc. continued its push into commercial vehicle electrification. The company announced it has acquired Johnson Matthey’s UK automotive battery systems business, a subsidiary that specializes in high-voltage automotive grade battery systems for electric and hybrid vehicles. Read more...
31 Jan ArcBest Ends 2017 With Strong Fourth Quarter ArcBest Corp. ended the year with a strong fourth quarter because of better less-than-truckload pricing and lower expenses than one year ago. Read more...
31 Jan Meritor Sees Revenue Soar on Strong North American Market Component supplier Meritor Inc. reported mixed fiscal 2018 first-quarter results, posting a tax-related net loss together with higher revenue amid strength in all its markets. Read more...
31 Jan Companies Add More Jobs Than Forecast, ADP Data Show Companies in the U.S. added more workers in January than projected, indicating the labor market remains healthy, according to data released Jan. 31 from the ADP Research Institute. Read more...