27 Nov BMW to Cut Staff Bonuses in Electric Car Savings Push BMW AG will reduce bonus payments for employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles. Read more...
27 Nov Schneider Launches Load-Booking Tool for Third Parties Schneider launched an automated tool that enables third-party carriers to instantly book loads with the click of a button, the carrier said in a Nov. 26 news release. Read more...
27 Nov White House in Pre-Thanksgiving Push to Get USMCA to Finish Line The White House is pushing to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, by meeting with the Mexican deputy foreign minister Nov. 27. Read more...
27 Nov ELFA: October Equipment Financing and Leasing Up 14% An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year. Read more...
27 Nov US Senate Confirms Kramer as CFO at USDOT The U.S. Senate on Nov. 21 easily confirmed John Kramer to become chief financial officer at the U.S. Department of Transportation. Read more...
27 Nov Presidential Candidates Will Talk Infrastructure at Forum A group of transportation and manufacturing associations will host a forum for presidential candidates to discuss infrastructure issues. Read more...
27 Nov US Economy Grew at Moderate 2.1% Annual Rate Last Quarter WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. Read more...
27 Nov Deere Shares Fall; New CEO Adopts Cautious Outlook Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment. Read more...
26 Nov Price, Sales of Used Class 8 Trucks Drop 19% The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported. Read more...
26 Nov FHWA Issues $500,000 in Emergency Relief Funds to Vermont Vermont will receive $500,000 in federal funding to repair roads and bridges that have been damaged by heavy rain and flooding. Read more...