28 Sep Consumer Spending Up 0.3% in August U.S. consumer spending edged up a moderate 0.3% in August, the smallest gain in six months, as sales of cars and other durable goods fell. Read more...
28 Sep Tesla Tumbles Most Since 2015 on Worry About a Musk-Free Future It is nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at the clean-energy company, sending shares spiraling. Read more...
27 Sep Editorial: Rush for the Holiday Rush It’s beginning to look a lot like ... shippers are getting nervous. Please forgive the riff on a familiar holiday classic tune, but reports of shippers rushing to get goods to the United States in advance of more tariffs taking effect — and, thus, potentially affecting the pricing for holiday gifts — have been dominating the news. Read more...
27 Sep SEC Sues Tesla CEO Elon Musk, Accusing Him of Misleading Investors Tesla Inc. CEO Elon Musk was accused by the Securities and Exchange Commission of misleading investors when he tweeted that he had funding lined up to take the company private. Read more...
27 Sep Used Truck Prices Jump 16% in August Strong demand for used trucks continued in August as the average price of a Class 8 vehicle jumped 16% year-over-year in the midst of a historically strong freight market, ACT Research reported. Read more...
27 Sep House Passes FAA Bill; Senate Action Up Next A five-year bill that would authorize federal aviation safety and infrastructure programs set to expire passed the U.S. House on Sept. 26 by a vote of 398-23. Read more...
27 Sep Tariffs Start to Drag on US Economy as Trade Deficit Widens Fresh data on the U.S. economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on growth this quarter. Read more...
27 Sep Durable Goods Orders in August Jump 4.5% WASHINGTON — Orders for long-lasting U.S. factory goods rose at a healthy pace last month, though the increase was mostly driven by a surge in aircraft demand. Read more...
27 Sep Federal Rule Will Allow States to Waive Permit Tests for Veterans A new federal rule will allow state driver’s licensing agencies to waive the requirement of the commercial learner’s permit test for individuals who worked in a military position that required operating a truck within the last year. Read more...
27 Sep Carrier Transicold Highlights Vector HE 19 at IAA Carrier Transicold Europe showcased several new products at the IAA Commercial Vehicles Show in Hanover, Germany, as well as its sustainable transport solutions. Read more...