10 Jan Iowa Eyes EV Tax to Offset Projected Decline in Road Funds After a Dec. 31 report by the Iowa Department of Transportation that shows a $317,000 reduction in the Road Use Tax Fund in 2018, state officials have made recommendations to the Iowa Legislature such as increasing fees or charging taxes to electric vehicle owners. Read more...
10 Jan Kenworth, Toyota Partner to Develop 10 Hydrogen-Electric Trucks LAS VEGAS — Kenworth Truck Co. and Toyota are collaborating to develop 10 hydrogen-electric tractors for drayage operations in the Los Angeles basin, the companies announced. Read more...
10 Jan Industry Leader Bill Reed Jr., CEO of Skyline Transportation, Dies William Reed Jr., CEO of Skyline Transportation and prominent in the trucking industry for advocating for a broad number of issues, died suddenly Dec. 17 at his home in Farragut, Tenn. He was 71. Read more...
10 Jan Wise Systems Closes $7 Million Series A Round Wise Systems, an autonomous dispatch and routing software provider for delivery fleets, has raised $7 million in its Series A round, according to a Dec. 6 press release. Read more...
10 Jan M7 Auto Transport Emerges From Bankrupted Auto Strap Transport M7 Auto Transport has announced its grand opening. The launch came after the auto hauler acquired the assets of Auto Strap Transport, which filed for bankruptcy in late 2017. Read more...
10 Jan Jobless Claims Fall to Four-Week Low in Tight Labor Market U.S. filings for unemployment benefits fell to a four-week low even amid a partial federal government shutdown, showing healthy demand for workers at the start of the year. Read more...
10 Jan Ford’s Global Cost Purge Hits Europe With Thousands of Job Cuts Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years. Read more...
10 Jan EU Trade Chief to Continue Talks With US The European Union’s trade chief, Cecilia Malmstrom, will continue talks with her U.S. counterpart Jan. 10, after the two met earlier the week of Jan. 7 in an effort to tamp down escalating commercial tensions, according to the European Commission. Read more...
10 Jan Fiat Chrysler Said to Settle Civil Suit on Diesel-Emissions Violations Fiat Chrysler Automobiles NV will pay hundreds of millions of dollars to settle a lawsuit brought by the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air rules, a person familiar with the matter said. Read more...
10 Jan Former Sears CEO Raises Offer in Bid to Keep Company Open Eddie Lampert’s ESL Investments submitted an improved offer of more than $5 billion in an attempt to keep Sears Holdings Corp. in business. Read more...