09 Feb Maersk Drops as Company Misses Estimates After an ‘Unusual’ Year A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders that profit at the world’s biggest shipping company will grow as much as 43% in 2018. Read more...
09 Feb Uber Settles Waymo Driverless Car Suit, Said to Pay $245 Million Uber Technologies Inc. settled the high-stakes trade-secret theft lawsuit brought by Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. Read more...
09 Feb Hours-Long Shutdown Ends With Budget Accord as Trump Signs Off President Donald Trump signed a two-year budget agreement that will boost federal spending by almost $300 billion and suspend the debt ceiling for a year, ending a brief partial government shutdown that began at midnight when lawmakers missed a funding deadline. Read more...
09 Feb Analysis: The US Is Running Out of Truckers Without enough trucks and drivers on the road, some combination of things is going to happen: Shipments will be delayed, and producers will have to pay higher prices to get goods to market. Read more...
09 Feb Trudeau Threatens to Leave NAFTA Rather Than ‘Take Any Old Deal’ Canadian Prime Minister Justin Trudeau made some of his most aggressive comments to date on dealing with U.S. demands to rework the North American Free Trade Agreement, adding he still thinks he can get the right deal for his country. Read more...
08 Feb CARB Defies EPA, Retains Obama Era Phase 2 GHG Rule The California Air Resources Board on Feb. 8 unanimously approved plans to retain two Obama administration Phase 2 greenhouse gas emissions rule provisions for medium- and heavy-duty trucks that would regulate glider kits and trailer emissions. Read more...
08 Feb Editorial: Taking Flight for Trucking Truck manufacturers worked wonders for our staff’s air miles rewards programs last week, hosting three concurrent events to showcase three very different variants of commercial trucks. Read more...
08 Feb Trucking For-Hire Sector Grew by 37.8% From 2009-2016, DOT Statistical Report Says The trucking for-hire sector grew by 37.8% from 2009-2016, and was No. 1 among transportation groups in contributing to the 2016 gross domestic product, according to a new U.S. Department of Transportation statistical report. Read more...
08 Feb Dow Falls More Than 1,000 Points, S&P 500 Sinks 3.75% The dread that gripped equity markets earlier in the week re-emerged Feb. 8 as U.S. stocks plunged on concern that rising interest rates will drag down economic growth. Read more...
08 Feb Kenworth Preps Hydrogen-Electric T680 for Drayage at SoCal Ports MOUNT VERNON, Wash. — Kenworth Truck Co. is wrapping up tests on a zero-emissions hydrogen-electric Class 8 truck that will be operating in drayage applications in Southern California by the end of March, company executives said. Read more...