21 Dec Drone Industry Fears Political Attack After Gatwick Shutdown Analysts and executives are concerned that political reaction may hinder the rapid growth of the drone industry after travel was disrupted at London’s Gatwick Airport for nearly two days before police arrested two people in a nearby town. Read more...
21 Dec Levandowski Launches New Venture Pronto to Offer Level 2 Automation to Class 8 Truckers Autonomous vehicle pioneer Anthony Levandowski has formed a new software company called Pronto. Its first aftermarket product, CoPilot, provides camera-based self-driving technology for the Class 8 market. Read more...
21 Dec Marangoni Tread North America Announces Tennessee Plant Expansion Marangoni Tread North America, a full-service retread products supplier, announced it had begun expanding its tread manufacturing plant in Tennessee. Read more...
21 Dec Factories Lead Canada’s Fastest Economic Growth in Five Months Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, while oil made an unexpected contribution as prices began to fall for Alberta crude. Read more...
21 Dec Consumer Spending Tops Forecasts as Inflation Data Mixed U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup. Read more...
20 Dec Editorial: Glad Tidings Abound for Trucking Trucking industry shareholders will remember 2018 fondly. The prospects for next year are pretty bright, too. Read more...
20 Dec Trade Talks With US Planned for January, China Says BEIJING — Chinese and U.S. envoys will hold talks in January aimed at resolving a tariff battle, a Ministry of Commerce spokesman said Dec. 20. Read more...
20 Dec Online Sales Continue Solid Pace as Christmas Draws Near NEW YORK — In the run-up to Christmas, online shopping continues to be strong. Online sales are up nearly 18% to $110.6 billion from Nov. 1 through Dec. 19, compared with the year-ago period, says Adobe Analytics, which tracks online spending. Read more...
20 Dec Funding Negotiations Persist as Congress Looks to Avoid Partial Shutdown With just days to go before Christmas, funding for the U.S. Department of Transportation and other agencies remained uncertain as President Donald Trump continued to push for robust funding for a wall along the border he said Mexico would pay for. Read more...
20 Dec Daimler Delivers Freightliner Electric Truck to Penske Daimler Trucks North America on Dec. 20 delivered to Penske Truck Leasing the first in a series of electric trucks Penske plans to deploy in California and the Pacific Northwest. Read more...