17 Dec Strong Freight Rates Drive Up Demand for Leased Trucks The strong freight rates experienced by the transportation industry are driving an increase in truck leasing. Read more...
17 Dec Volkswagen Loses Top EU Court Case in Diesel Scandal The European Union’s top court ruled that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines. Read more...
17 Dec Tesla Beats Detroit Rivals by Almost Two Years on Brake Safety Tesla is the lone U.S. automaker to meet a commitment to equip all its models with automatic emergency braking almost two years ahead of schedule. Read more...
17 Dec Airfreight Booking Site Cargo.one Receives $42 Million in Funding Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business. Read more...
17 Dec US Jobless Claims Rise to 885,000 Amid Resurgence of Virus The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September. Read more...
17 Dec ASCE Gives Utah C+ on Infrastructure Report Card Utah earned a C+ on its most recent infrastructure report card, according to preliminary findings from the American Society of Civil Engineers. Read more...
16 Dec Amazon Alabama Workers Get Chance for First-in-US Union Amazon .com Inc. workers at an Alabama warehouse were given the go-ahead by federal regulators to vote on whether to form what would be the first union at a U.S. facility of the e-commerce giant. Read more...
16 Dec Fed to Maintain Bond Buys Until Economy Improves The Federal Reserve strengthened its commitment to support the U.S. economy, promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation. Read more...
16 Dec COVID Drives Trucking Industry Consolidation The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate. Read more...
16 Dec CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less. Read more...