13 May Small Settlements’ Impact Tops ATRI’s Research Priorities List The American Transportation Research Institute’s recently announced list of research priorities for 2020 includes several key trucking industry issues, ranging from legal settlements to vehicle-miles-traveled taxes. Read more...
13 May Stocks Slide on Powell Remarks, US-China Worries U.S. stocks slumped to a three-week low after Jerome Powell warned economic risks from the virus are significant and tensions with China flared. Treasuries and the dollar advanced. Read more...
13 May Oil Shrugs Off First Decline in US Inventories Since January Oil fell despite the first U.S. stockpile decline since January. Read more...
13 May Illinois Directs $25 Million to Speed Grants for Infrastructure Illinois Gov. Jay “J.B.” Pritzker and the Illinois Department of Commerce and Economic Opportunity recently announced that $25 million in grant funding will be used to accelerate work on planned infrastructure projects. Read more...
13 May Titanium Reports Revenue, Net Income Grow in Q1 Titanium Transportation Group reported solid revenue growth and a profit gain in the first quarter. Read more...
13 May Medium-Duty Sales in April Fall, but Some Positives Seen in Lighter Segments U.S. retail sales of medium-duty trucks were supported in an otherwise abysmal April by a modest gain in the lighter segments. Overall sales fell 29% compared with a year earlier, WardsAuto.com reported. Read more...
13 May Container Shipper Maersk Warns of 25% Volume Slump The world’s largest container line is bracing for a historic slump in demand after emergency lockdowns across the globe left international trade in tatters. Read more...
13 May FMCSA Extends HOS Emergency Declaration for Second Time The Federal Motor Carrier Safety Administration has again extended its emergency declaration relaxing hours-of-service rules for motor carriers that are providing direct assistance in support of coronavirus-related relief efforts. Read more...
13 May Medium-Duty Sales in April Fall, but See Some Positives in Lighter Segments U.S. retail sales of medium-duty trucks were supported in an otherwise abysmal April by a modest gain in the lighter segments. Overall sales fell 29% compared with a year earlier, WardsAuto.com reported. Read more...
13 May House Democrats Propose $15 Billion for State Highway Programs The country’s transportation agencies would receive a funding boost in a coronavirus economic relief measure House Democrats unveiled May 12. Read more...