31 Dec NHTSA Fines Daimler $10 Million Over Timing of Truck Recalls Daimler Trucks North America will pay a $10 million fine and change how it recalls trucks after an investigation by federal safety regulators that found it did not recall vehicles in a timely fashion and comply with other reporting requirements. Read more...
29 Dec Railroads Install Crash-Prevention System Ahead of US Deadline U.S. railroads have completed installation of an automated crash-prevention system that covers 57,536 miles of freight and passenger tracks ahead of an end-of-year deadline that was previously extended, the Federal Railroad Administration announced Dec. 29. Read more...
29 Dec McConnell Blocks Democrats’ Bid to Pass $2,000 Stimulus Checks Senate Majority Leader Mitch McConnell on Dec. 29 blocked an attempt by Democrats to force quick action on increasing direct stimulus payments to $2,000 despite President Donald Trump’s demands for the change. Read more...
29 Dec Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge U.S. railroads are back, with freight volume posting the first quarterly gain in two years. Read more...
29 Dec Fed Extends Main Street Program to Process Last Submitted Loans The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, to finish processing loans submitted by a Dec. 14 deadline to tap its funds. Read more...
29 Dec Trucking Braces for ‘COVID Hangover’ and Ongoing Battles in 2021 As the COVID-19 pandemic stretches into 2021, the trucking industry will continue to address coronavirus-related challenges while confronting issues that existed long before most people had ever touched a face mask. Read more...
29 Dec Boeing’s 737 Max Returns in US With American Airlines Flight Boeing Co.’s 737 Max is poised to return to commercial service in the U.S. with the first flight since two deadly crashes prompted the longest aircraft grounding in the nation’s history. Read more...
29 Dec Crude Climbs in Wake of Weaker Dollar, Expected Supply Drop Oil advanced with support from a weaker dollar and expectations of declining U.S. crude inventories. Read more...
29 Dec Trucking Industry Experts Optimistic About 2021, Once COVID Is Over The trucking industry stands poised for a solid start in 2021, building on an unprecedented 2020 during which the U.S. economy relied heavily on truckers amid the COVID-19 pandemic. Read more...
28 Dec All Eyes on Senate After House Backs Trump on $2,000 Checks The House on Dec. 28 passed a bill replacing the $600 stimulus checks in the newly enacted virus relief bill with $2,000 payments, as Democrats and moderate Republicans voted in favor of a proposal backed by President Donald Trump. Read more...