11 Mar Tesla to Raise Prices, Close Fewer Stores Than Announced Tesla Inc. plans to raise average vehicle prices by about 3% globally after it decided to shut down fewer stores than it previously announced. Read more...
11 Mar Michigan Gov. Gretchen Whitmer Proposes 45-cent Fuel Tax Hike Michigan Gov. Gretchen Whitmer’s budget proposal includes plans for a 45-cent fuel tax increase to provide funding for infrastructure improvements. Read more...
11 Mar Tennessee Gov. Bill Lee Suspends HOS Rules in Wake of Flooding Rules pertaining to hours of service have been relaxed for certain truckers in Tennessee who are involved in relief efforts. Read more...
11 Mar Spectrum Equity Invests in Tracking Firm Agilis Spectrum Equity has made a significant investment in Agilis Systems, a software-as-a-service telematics business used by trucking firms, according to an Agilis news release. Terms were not disclosed. Read more...
11 Mar States Step In to Fund Roads After Trump’s Plans Stall Governors in at least 11 states, including Michigan, Ohio and Connecticut, are pushing for new taxes, bond sales and tolls to raise money for long-needed work on roads, bridges and transit systems after President Donald Trump failed to enact a major infrastructure plan. Read more...
11 Mar Preco Enhances PreView Side Defender System Preco Electronics announced its PreView Side Defender II now provides radar-based blind-spot detection in addition to lane-change detection for trucks. Read more...
11 Mar Bendix Wingman Fusion System Standard on International On-Highway Models Bendix Commercial Vehicle Systems announced its Wingman Fusion enhanced collision mitigation technology now is standard on International Truck on-highway vehicles, including the LoneStar, LT Series and RH Series. Read more...
11 Mar Fighting Fakes Was a Big Reason Behind Amazon’s Big Vendor Purge Amazon.com on March 9 hinted that fighting counterfeits was a reason for its sudden and unexplained purge of thousands of vendors that sowed panic among longtime suppliers. Read more...
11 Mar Ceva to Manage Ikea Distribution Center in New York Ceva Logistics has opened a customer distribution center with home-furnishings retailer Ikea in Staten Island, N.Y., according to a news release. Read more...
11 Mar Domestic Discretionary Spending Slashed in Trump’s $4.7 Trillion Budget Proposal President Donald Trump will propose a U.S. budget that wouldn’t balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress. Read more...