16 Jul ARTBA Chairman Bob Alger Calls on Congress to Restore Highway Trust Fund Congress needs to restore a federal highway account headed toward insolvency to provide funding certainty across the infrastructure construction sector, the leader of a national transportation advocacy group told lawmakers July 16. Read more...
16 Jul June Trailer Orders Nosedive Net preliminary U.S. trailer orders for June plummeted to just more than 5,000 units as demand in the largest segment, dry vans, was weak and cancellations mounted, FTR reported, adding it was the lowest total since September 2009. Read more...
16 Jul WTO Issues Mixed Ruling Over US Duties for Subsidized Chinese Goods The World Trade Organization on July 16 delivered a mixed judgment over America’s sanctions on subsidized goods produced by Chinese state-owned enterprises. Read more...
16 Jul Boeing 737 Max Groundings to Affect 2020 Results, Ryanair Says The extended grounding of Boeing Co.’s 737 Max plane forced Ryanair Holdings to scale back growth plans for next summer, putting the airline industry on notice that the crisis is starting to affect longer-term plans. Read more...
16 Jul J.B. Hunt Reports Mixed 2Q Results J.B. Hunt Transport Services Inc. reported net income fell and revenue increased in the second quarter amid mixed results in its business units. Read more...
16 Jul Cowan Acquires Carlisle Carrier, Expanding Northeastern Footprint Baltimore trucking company Cowan Systems has acquired Carlisle Carrier Corp. of Mechanicsburg, Pa. Read more...
16 Jul Lotus Debuts All-Electric Super Coupe Evija Lotus unveiled its first all-electric supercar, the Evija, in London on July 16. Read more...
16 Jul Trailer Makers Face California Equipment Efficiency Deadline Trailer makers intending to sell their products in California beginning Jan. 1 must certify beforehand that the equipment meets the state’s Phase 2 greenhouse gas rule and receive an executive order, according to the California Air Resources Board. Read more...
16 Jul Data Suggests Amazon Customers Not Sold on Prime Internet searches for “Canceling Amazon Prime” were 18 times higher June 15 — the beginning of Amazon.com’s two-day sale — than the previous day, according to search engine monitoring firm Captify, suggesting shoppers did not want to make a long-term commitment to the giant online retailer. Read more...
16 Jul Economist Noel Perry Warns of More Shutdowns After LME Padlocks Doors One of the trucking industry’s leading economists says the abrupt shutdown of New Brighton, Minn. -based carrier LME Inc. is an indication that trucking companies that are poorly run could be in deep trouble if the economy slows. Read more...