02 Aug Senate-Passed Transportation Funding Bill Includes $1 Billion in Infrastructure Grants Legislation that would provide $1 billion in infrastructure grants and would extend the electronic logging device waiver for livestock haulers for the next fiscal year easily passed the Senate on Aug. 1. Read more...
02 Aug Andrew Wheeler’s Reversal on Glider Order Earns Democratic Praise WASHINGTON — A recent move by the acting U.S. EPA administrator to reverse his predecessor’s order on an Obama-era rule on glider kits for trucks earned him praise from the top Democrat on the Senate Environment and Public Works Committee. Read more...
02 Aug YRC Worldwide Reports Mixed 2Q Earnings Compared With 2017 YRC Worldwide Inc. reported a decline in second-quarter net income, even as operating revenue increased. Read more...
02 Aug Fiat Chrysler’s Magneti Marelli to Acquire Self-Driving Tech Startup Magneti Marelli, a components business that is part of Fiat Chrysler Automobiles, plans to acquire a French startup focused on self-driving car technology. Read more...
02 Aug Sacramento Partners With Self-Driving Firm for Driverless Tests on City Streets Sacramento has signed a deal with a Silicon Valley firm to use downtown streets as a testing ground for self-driving vehicles that will be monitored by remote “drivers” sitting at computers. Read more...
02 Aug DOT Seeks Members to Serve on Human Trafficking Committee The U.S. Department of Transportation is seeking individuals to serve on a special committee that will provide information, advice and recommendations on matters relating to human trafficking and recommended best practices for state and local transportation stakeholders in combating human trafficking. Read more...
02 Aug Meritor Net Income, Revenue Post Double-Digit Gains in Fiscal-Year 3Q Commercial vehicle supplier Meritor Inc. notched higher revenue and net income in its fiscal-year third quarter, citing new business wins and higher production in all of its major markets. Read more...
02 Aug US Electric Vehicle Charging Market Could Reach $18.6 Billion by 2030 Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment. Read more...
02 Aug Fed Describes Economy as ‘Strong’ for the First Time Since 2006 The Federal Reserve described economic activity as “strong” in a statement Aug. 1, the first time it has done so since it called it “quite strong” in May 2006 — in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown. Read more...
02 Aug Schumer Calls for More Inspectors After Concrete Falls From Rail Bridge Sen. Charles Schumer (D-N.Y.) called on the Federal Railroad Administration to increase the number of independent inspectors that examine rail bridges. Read more...