12 Aug First eCascadia Models Set to Begin Commercial Operations Daimler Trucks North America announced Penske Truck Leasing and NFI will be the first companies to employ its battery-electric eCascadia in commercial operations. Read more...
12 Aug Acting NHTSA Leader Heidi King to Resign Aug. 31 Heidi King, acting head of the National Highway Traffic Safety Administration, will step down from the agency at the end of the month, the U.S. Department of Transportation announced Aug. 12. Read more...
12 Aug Portugal May Declare Civil Order to Counter Fuel Supply Shortage Portugal may declare a civil order to ensure that truck drivers, who began a strike Aug. 12, deliver enough fuel to stop gas stations across the country from running dry at the height of the country’s tourism season, Prime Minister Antonio Costa said. Read more...
12 Aug Corn Heads Toward Worst Rout Since 2013 on Outlook for Acreage Corn futures plunged by the exchange limit, heading for their worst day in at least six years, after the U.S. Department of Agriculture reported more of the grain was planted than analysts had estimated. Read more...
12 Aug Day & Ross Breaks Ground on Terminal in Moncton, Canada Day & Ross Transportation Group broke ground on a terminal in Moncton, New Brunswick, on Aug. 7. Read more...
12 Aug Loadsmart, Starsky Robotics Dispatch Autonomous Truck Automatically Loadsmart and Starsky Robotics said the companies have automatically dispatched an autonomous truck to haul freight. Read more...
12 Aug Russia, Iran, Others Debate How to Divide Caspian Oil Riches TURKMENBASHI, Turkmenistan — Five countries bordering the energy-rich Caspian Sea met Aug. 12 at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region’s oil wealth. Read more...
12 Aug US Recession Concerns Rising With Trade War, Goldman Sachs Says Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth. Read more...
12 Aug Saudi Aramco Expands With $15 Billion Stake in India’s Reliance NEW DELHI — Oil giant Saudi Aramco is buying 20% of Indian conglomerate Reliance Industries’ oil and chemicals business for about $15 billion. Read more...
12 Aug Fiat Chrysler Deal Gives Detroit Residents First Crack at Jobs A city program gives Detroit residents first crack at jobs with Fiat Chrysler. Read more...