24 Sep Consumer Confidence Declines by Most in Nine Months U.S. consumer confidence posted the biggest drop since the start of the year as Americans’ expectations for the economy and the job market deteriorated, posing a risk to the household spending that is underpinning growth. Read more...
24 Sep Minnesota DOT Identifies Strategies for Decarbonization The Minnesota Department of Transportation has released a report that provides recommendations for reducing greenhouse gas emissions across modes of surface transportation, including heavy trucks. Read more...
24 Sep Daimler Fined $960 Million to Settle Rigged Diesel-Car Probe German prosecutors fined Daimler AG 870 million euros for “negligent violation” in a probe into selling rigged diesel cars. Read more...
24 Sep Home Price Index Rises at Slowest Pace Since 2012 Home-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates. Read more...
24 Sep Navistar Takes New Path Toward Market Gains LISLE, Ill. — Navistar International Corp. announced it is pushing into 2020 with plans for a new truck plant, electric trucks and a Class 8 with a Level 2 option, and it will place greater reliance on a single vehicle platform to optimize R&D, parts and tooling. Read more...
24 Sep China Gives New Waivers for Tariff-Free US Soybean Purchases The Chinese government has given new waivers to several domestic state and private companies to buy U.S. soybeans without being subject to retaliatory tariffs, according to people familiar with the situation. Read more...
24 Sep Petroleum Institute Chief Economist Optimistic About Diesel Supply WASHINGTON — The oil refining industry is ready for an upcoming mandate on the type of fuel to be used by the maritime industry, but shippers are scrambling to get ready as the deadline draws near. Read more...
23 Sep Diesel Soars 9.4¢ a Gallon to $3.081; Oil Falls The U.S. average retail price of diesel soared 9.4 cents to $3.081 a gallon, the Department of Energy reported Sept. 23. Read more...
23 Sep TRIP Report Finds 10% of New York’s Bridges Are Structurally Deficient Ten percent of New York state’s bridges are structurally deficient and continue to bear millions of vehicles per day, according to a recent report from The Road Information Program. Read more...
23 Sep Congress Looks to Avoid Government Shutdown, Again Members of Congress again are staring into the possibility of a shutdown as federal funding is set to expire Sept. 30. Recognizing this deadline, the House on Sept. 19 advanced a continuing resolution designed to keep agencies open through Nov. 21. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...