30 May Navistar Agrees to Pay $135 Million in Suit Over MaxxForce Engines Navistar International Corp. has agreed to settle a federal class-action lawsuit over the exhaust gas recirculation setups the company used on its previous MaxxForce 11-liter or 13-liter diesel engines, according to a news release from a law firm representing the plaintiffs. Read more...
30 May China Puts US Soy Buying on Hold as Tariff War Escalates China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter. Read more...
30 May Democratic Presidential Candidate John Delaney Unveils $2 Trillion Infrastructure Plan A $2 trillion proposal from 2020 presidential aspirant John Delaney would look to improve connectivity along freight routes, transit systems and other corridors through a comprehensive revenue stream. Read more...
30 May 500 Tornadoes in 30 Days Among Highest Reported From Past Seven Decades The United States has been rocked by 500 tornadoes in the past 30 days with a trapped jet stream in the atmosphere “stuck in neutral,” according to the U.S. Storm Prediction Center. Read more...
30 May Goods-Trade Gap Widens Second Month to Highest This Year The U.S. merchandise-trade deficit widened for a second month to the highest level since a record in December as exports dipped. Read more...
29 May April Used Class 8 Prices Climb; Dealers Wary of Slowdown The average used Class 8 brought a sharply higher sales price in April, even as inventories appear to be building, ACT Research reported. The average price was $48,532, up 15% compared with $42,100 a year earlier. Read more...
29 May USDA General Counsel Opinion: States Can’t Prohibit Hemp Transportation While states and American Indian tribes currently can regulate the lawful production and sale of hemp produced under a 2014 law, they may not prohibit the interstate transportation or shipment of the product grown under a program authorized by the U.S. Department of Agriculture, according to a new legal opinion issued by USDA’s general counsel. Read more...
29 May Werner Expands Mexico Operations With Laredo Refrigerated Facility Werner Enterprises celebrated the grand opening of the new cross-dock facility at its Laredo, Texas, terminal, the company said in a May 15 news release. Read more...
29 May Toronto Firm BigRoad Launches Pay-As-You-Go ELD BigRoad launched a “pay-as-you-drive” electronic logging device solution, aimed at drivers with an irregular need for ELD compliance, the company said in a news release. Read more...
29 May Eddie Lampert’s Transform Holdco Sues Sears Estate, Demands Trial and $130 Million The fight over the deal that bought Sears Holdings Corp. out of bankruptcy shows no sign of cooling off. Read more...