29 Jan Lyft to Cut 2% of Staff in Pursuit of a Profit Next Year Lyft Inc. will eliminate about 90 jobs as the unprofitable ride-booking company seeks to deliver on a promise to stop losing money by the end of next year. Read more...
29 Jan Canadian Oil Prices Bounce Back From One-Year Low Canadian crude rebounded from a one-year low after inventories fell and Alberta’s premier pledged to defend prices. Read more...
29 Jan Tailgate Problems Prompt Ford F-150 Recall in Canada, but not US Ford is recalling its popular F-150 pickup truck in Canada to fix a problem with electric tailgate latches, but identical trucks aren’t being recalled in the U.S. Read more...
29 Jan Ford’s Lincoln Partners With Rivian for First Electric Model Lincoln is building its first fully electric vehicle with Rivian Automotive Inc., the battery-powered truck and SUV maker Ford Motor Co. backed with a $500 million investment last year. Read more...
29 Jan US Grounds Chinese-Made Drones, Citing Security Fears The Interior Department is banning nonemergency flights of its fleet of 810 drones as it reviews national security concerns about the Chinese-made devices. Read more...
29 Jan Trump Signs USMCA Agreement Into Law President Donald Trump on Jan. 29 signed into law a major rewrite of the rules of trade with Canada and Mexico that he said replaces the “nightmare” of a Clinton-era agreement and will keep jobs, wealth and growth in America. Read more...
29 Jan Senator, USDOT Officials Highlight Rural Transportation Needs The next set of guidelines Congress approves for the country’s highway programs must improve roadways across rural corridors, Nebraska Republican Sen. Deb Fischer said during a Commerce Committee hearing Jan. 28. Read more...
29 Jan Fleets Manage Parts in Multiple Ways GRAPEVINE, Texas — Fleets have found various ways to handle the need for parts: expanding inventory levels, not substituting cheaper but less reliable ones for critical parts, doing some warranty work themselves, keeping the average age of trucks low or turning to electric trucks. Read more...
29 Jan Eaton, Meritor Expand Aftermarket Parts Approaches GRAPEVINE, Texas — Tier 1 commercial vehicle suppliers Eaton and Meritor Inc. presented their latest approaches to serving customers in the aftermarket. Read more...
29 Jan FMCSA Announces Two-Year Delay of Its Entry Level Driver Training Rule The so-called Entry Level Driver Training rule — originally set to go into effect Feb. 7 — is delayed until Feb. 7, 2022, the Federal Motor Carrier Safety Administration announced Jan. 29 in an interim final rule. Read more...