18 Jul House Passes Bill For $15 an Hour Minimum Wage The U.S. House approved legislation that would more than double the federal minimum wage to $15 an hour, fulfilling a campaign promise of Democrats who control the chamber and intend to capitalize on the pro-worker issue again in 2020. Read more...
18 Jul June Class 8 Sales Improve Amid Softer Freight Market U.S. Class 8 retail sales in June improved to climb above 23,000 units, WardsAuto.com reported. They landed against the backdrop of a freight environment that is weakening this year and already is served by too many trucks, other analysts said. Read more...
18 Jul Volvo Cars Boosts Cost Cuts in Light of Declining Profit Volvo Cars is stepping up cost-cutting in a bid to reverse a drop in profit as the Chinese-owned company succumbs to pricing pressure from competitors and trade friction that has unsettled global auto manufacturers. Read more...
18 Jul Renault’s Senard Plays Down Potential for Nissan, Fiat Mergers Renault SA Chairman Jean-Dominique Senard appears to have put merger considerations on the backburner as longstanding partner Nissan Motor Co. needs time for a turnaround and a failed deal with rival Fiat Chrysler Automobiles NV remains “dead.” Read more...
18 Jul Volvo Quarterly Earnings Surge as North America Deliveries Jump Volvo Group’s second-quarter earnings beat analyst expectations, as truck deliveries rose and the company increased its market forecasts for North America and Europe this year. Read more...
18 Jul Machines, Software May Be Best Bet to Conquer Final Mile, Experts Say More than five years after a Christmas season in which UPS Inc. and Amazon.com offered refunds for late shipments, final-mile delivery still has plenty of kinks. Read more...
17 Jul Experts: As a Funding Tool, Tolling May Benefit From an Image Shift WASHINGTON — Transportation experts said recasting tolling’s image from an unpopular fundraising mechanism may increase its attractiveness to the public. Read more...
17 Jul Industry Leaders Express Cautious Optimism Over Senate EPW Bill WASHINGTON — The Senate Environment and Public Works Committee’s forthcoming highway policy bill will serve as an important first step on the legislative journey to reauthorize the Fixing America’s Surface Transportation Act, industry experts said. Read more...
17 Jul FMCSA Proposes Two-Year Delay of Entry-Level Driver Training Rule Due to IT Glitches Federal trucking regulators have proposed a two-year delay for compliance with certain provisions in the Entry Level Driver Training rule to allow more time for development of the secure electronic transfer of information to the certified training provider registry and state driver licensing agencies. Read more...
17 Jul Transportation Investment Bills Can Succeed With Officials’ Support, Experts Say WASHINGTON — Support from state and local officials is vital for the success of transportation funding measures, according to road building experts. Read more...