17 Jan Former White House Infrastructure Guru D.J. Gribbin Still Supports Streamlining WASHINGTON — D.J. Gribbin, the architect of President Donald Trump’s 2018 infrastructure proposal, touted the administration’s efforts to streamline the federal permitting process for major infrastructure projects. Read more...
17 Jan December Class 8 Sales Cap Fourth-Best Year All-Time U.S. Class 8 retail sales rose 16.7% to 26,083 in December to cap the fourth-highest sales year ever as fleets replaced older trucks and expanded amid tight capacity, strong freight demand and high rates. Read more...
17 Jan CEO Eddie Lampert’s Winning Bid for Sears Valued at $5.2 Billion Eddie Lampert’s winning bid to salvage Sears Holdings Corp. valued the bankrupt retailer at $5.2 billion, according to a statement. Read more...
17 Jan Trailer Orders Drop 40% in December as Fleets Reassess Investment Plans U.S. trailer orders plummeted to 27,800 units in December, off 40% compared with 45,802 a year earlier, reflecting lengthy backlogs and suddenly cautious fleets, ACT Research Co. reported. Read more...
17 Jan Presence of Autonomous Vehicles Felt in US WASHINGTON — Technology is changing the transportation landscape as freight carriers move toward self-driving vehicles and public officials look for new ways to develop infrastructure and prepare for what could be a major shift in traffic patterns and driving behavior. Read more...
17 Jan Oil Slips as Record US Production Undermines OPEC Supply Cut Oil retreated below $52 a barrel as data showing record U.S. crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies. Read more...
17 Jan Chinese Electric Car Manufacturer Set to Crack US Market The Nasdaq-listed company, Kandi Technologies Group Inc., which started making electric cars in 2013, plans to ship two of its models to the United States this year, Chairman and CEO Hu Xiaoming said Jan. 16. Sales will start after the company clears regulatory procedures, which have been held up by the federal government shutdown, Hu said. Read more...
17 Jan TRB Panelists Outline Benefits of Freight Data WASHINGTON — Analyzing and visualizing data can help state departments of transportation and planning organizations better understand traffic flow, safety concerns and capacity needs, according to a group of panelists assembled at the Transportation Research Board’s annual meeting Jan. 16. Read more...
16 Jan H.I.G. Capital Acquires Lipari Foods Global private equity firm H.I.G. Capital has acquired Lipari Foods from Sterling Investment Partners, per a Jan. 8 press release. Financial terms were not disclosed. Read more...
16 Jan Parcel Lockers, EVs Combine for Energy Savings in Final Mile, Researcher Says WASHINGTON — Electric trucks and vans show great promise for energy savings in making suburban deliveries for companies such as UPS Inc., according to an Oak Ridge National Laboratory scientist who presented her findings to a forum at the Transportation Research Board’s annual meeting. Read more...