08 Feb US Warns EU Tariff Threat Will Return Unless Juncker Delivers The U.S.-European trade truce struck last summer that has helped keep punitive tariffs at bay is at risk of unraveling, with America’s top diplomat to the European Union citing a lack of goodwill and progress in negotiations. Read more...
08 Feb Bankruptcy Judge Gives Sears Another Chance A bankruptcy judge on Feb. 7 approved a $5.2 billion plan by Sears’ chairman and biggest shareholder to keep the iconic business going. Read more...
08 Feb Automakers Recall 1.7 Million Vehicles With Potentially Lethal Air Bags DETROIT — Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan. Read more...
08 Feb ATA President Chris Spear Testifying at Senate Infrastructure Hearing American Trucking Associations President Chris Spear appeared before the Senate Commerce Committee on Feb. 13 to outline myriad concerns within the freight industry about the country’s infrastructure. Testimony has concluded; read Spear's opening statement. Read more...
08 Feb Tesla to Cut 1,000 Jobs Starting March 20 Tesla’s Fremont factory will be the hardest hit in California by the global job cuts the electric vehicle maker announced last month. Read more...
08 Feb Trump Says Summit With Xi ‘Unlikely’ by Tariff Deadline Date President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Read more...
08 Feb Ford Investing $1 Billion in High-Profit SUV Plants Ford Motor Co. is investing $1 billion in two Chicago factories and hiring 500 workers to expand its ability to crank out high-profit sport utility vehicles, including its new Explorer. Read more...
08 Feb Venture Formed to Provide Bulk Liquids Storage, Logistics Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids. Read more...
07 Feb Forward Air Achieves Record Revenue, Profits in 4Q Forward Air Corp. turned in its best-ever fourth quarter and full year in 2018 with profits topping expectations and revenue increasing across most of its freight service lines. Read more...
07 Feb Hub Group Revenue Tops $1 Billion in Fourth Quarter Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018. Read more...