25 Apr Port Group Urges Caution on Possible US-China Trade War The American Association of Port Authorities has written to U.S. Trade Representative Robert Lighthizer urging the Trump administration to carefully consider the negative impact trade sanctions could have on the country’s ports and the trucking and transportation industries. Read more...
25 Apr Road to Zero Coalition Charts Ambitious Goal to Reduce Traffic Deaths by 2050 National Safety Council CEO Deborah Hersman noted the goal of the newly formed Road to Zero Coalition is to dramatically reduce traffic deaths. Read more...
25 Apr World Trade Momentum Wobbles After Best Month in Seven Years Global trade momentum slipped in February, easing after recording its best month in more than seven years. Read more...
25 Apr Norfolk Southern Posts 27% Rise in Income for First Quarter Railroad Norfolk Southern Corp. reported first-quarter net income of $552 million, up 27% from $433 million in the first quarter a year ago. Read more...
25 Apr California Republicans Ready to Turn in Signatures for Ballot Measure to Repeal Gas-Tax Increase Republican activists said April 24 that they have collected at least 830,000 signatures for an initiative to repeal recent increases in California’s gas tax and vehicle fees, more than enough to qualify the measure for the November ballot. Read more...
25 Apr Jaguar CEO Ralf Speth Says Nobody Can Go It Alone in Autonomous Driving Jaguar Land Rover, which is teaming with Waymo to develop autonomous vehicles, is testing the technology predominantly in the United Kingdom and sharpening efforts to make the roads safer with such cars, CEO Ralf Speth said. Read more...
25 Apr China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said. Read more...
25 Apr Heartland Express Posts Mixed Results in 1Q Heartland Express reported first-quarter net income of $13.4 million, or 16 cents earnings per share. In comparison, first-quarter 2017 net income was $14 million, or 17 cents per share. Analysts had predicted earnings per share of 11 cents. Read more...
25 Apr Orders Rise, but Market Share Falls for Mack Trucks in First Quarter Everybody knows about the up-and-down, cyclical nature of the heavy-duty truck market. But as Mack Trucks proved in the first quarter, sometimes you can be up — and down — at the same time. Read more...
25 Apr Bosch Claims Breakthrough That Can Save Diesel Engines Robert Bosch GmbH said its engineers have developed a new diesel-exhaust system that cuts emissions far below legal limits taking effect in 2020 and can help automakers avoid potential driving bans in Europe that threaten to doom the engine technology. Read more...