21 Mar Jobless Claims Fall More Than Expected to Four-Week Low Filings for U.S. unemployment benefits fell more than expected to a four-week low, as the labor market tightens further following the end of a five-week government shutdown. Read more...
21 Mar Traders Place Bets on Rate Cut From Fed Bond traders have a decent record when it comes to nailing the Federal Reserve’s path relative to official guidance. So while Chairman Jerome Powell says the policy rate is “in a good place,” history suggests his next move could align with what futures are showing — a rate cut. Read more...
21 Mar UK Trucker Shortage to Worsen After Brexit, Haulage Group Says Brexit is set to exacerbate a chronic shortage of drivers among U.K. haulage companies, according to a study from the International Road Transport Union. Read more...
21 Mar World’s Most Valuable AI Startup Explores Automated Cars, Global Expansion SenseTime Group Ltd., the world’s most valuable artificial intelligence startup, plans to sustain growth by expanding globally and diving deeper into arenas from autonomous cars to health care. Read more...
21 Mar Trump Suggests GM Should Sell Idled Ohio Auto Plant President Donald Trump said March 20 that General Motors Co. should sell an idled plant in Lordstown, Ohio, or restart production. The company said it’s received inquiries about factory. Read more...
20 Mar New TMC Chairman Kenneth Calhoun Takes Reins, Thanks Predecessor ATLANTA — Kenneth Calhoun is the new chairman of American Trucking Associations’ Technology & Maintenance Council, taking over the one-year leadership position at TMC’s closing banquet dinner during its annual meeting on March 20. Read more...
20 Mar TMC Honors Technicians, Executives as Industry Leaders ATLANTA — Several trucking industry leaders were honored at American Trucking Associations’ 2019 Technology & Maintenance Council annual meeting awards lunch on March 20. Read more...
20 Mar Ford Plans $900 Million Bet on Michigan-Made Autos of Future Ford Motor Co. plans to spend about $900 million and hire about 900 workers to build electric and self-driving vehicles in Michigan, while moving production of a small commercial van to Mexico from Europe. Read more...
20 Mar Court Dismisses ATA’s Lawsuit Against Rhode Island Truck Tolls A federal judge has dismissed the trucking industry’s lawsuit against Rhode Island for its trucks-only tolling system. Read more...
20 Mar Rail Closures Disrupt Livestock Feed Supplies for California Farms Some farms, dairies and feed companies in the San Joaquin Valley of California are facing shortages of livestock feed supplies after deadly river flooding in the Midwest closed major railroad shipping corridors in recent days. Read more...