22 May Infrastructure Talks Between Trump, Democrats Break Down Bipartisan negotiations on infrastructure policy came to a halt May 22, with President Donald Trump and congressional Democratic leaders each questioning the other side’s commitment on the issue. Read more...
22 May UPS Signs Biggest Renewable Gas Deal With Clean Energy Fuels UPS Inc. has agreed to buy the equivalent of 170 million gallons of renewable natural gas from Clean Energy Fuels Corp. over the next seven years in what the company described as the biggest-ever deal involving the alternative fuel. Read more...
22 May Sen. Wicker: Commerce Committee’s Agenda to Include Autonomous Vehicle Policy The U.S. Senate panel with jurisdiction over the trucking industry likely will take up autonomous vehicles technology policy during the 116th Congress. Read more...
22 May Tesla Bears Pile On as Citi Is Latest to Lower Target Another analyst is cutting his price target for Tesla Inc. after the electric car maker on May 21 fell to the lowest since December 2016. Read more...
22 May CEO Dieter Zetsche Warns of Deep Cost Costs as He Departs Daimler Bidding farewell to the company he led for more than a decade, Daimler AG’s CEO urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval. Read more...
22 May Perspective: The Time to Act on Infrastructure Is Now It is one of the greatest networks built in the history of mankind. From the Evergreen State of Washington to the Sunshine State of Florida and from the Golden State of California to the Pine Tree State of Maine — more than 45,000 miles of interstate highways connect us from coast to coast. Whether carrying food from the farm to the table, or goods from the factory floor to store shelves, interstate highways are the lifeblood of our nation’s commerce. Read more...
22 May Biodiesel, Mudflaps Help Improve Emissions Although large gains have been made in cleaning up new diesel engines, nearly two-thirds of all commercial trucks don’t meet the latest emissions standards. As of 2017, some 36% of all commercial trucks (Classes 3-8) in the United States rely on the newest generation of diesel engines — a 6% increase over 2016, according to the Diesel Technology Forum, which cited the latest data. Read more...
21 May $2 Billion Invested in Trucking Tech Firms So Far in 2019 Trucking technology firms are raking in cash as investors look to get in on a hot industry and capitalize on a U.S. economy that remains strong. Read more...
21 May XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader. Read more...
21 May XPO Logistics’ Joseph Hicks Returns to Defend Crown at Rhode Island Truck Driving Championships Rhode Island may be the smallest state, but that doesn’t mean it lacks talented truck drivers. Read more...