12 Jun Caterpillar Sales Drop Highlights Worry of ‘Catatonic’ Recovery Caterpillar Inc.’s machinery sales dropped by the most in 10 years last month in a sign of a deepening slump in its Americas businesses, where the company has extended plant shutdowns. Read more...
12 Jun Oil Set for First Weekly Drop Since April on Second-Wave Fears Oil is heading for its first weekly loss since April, when prices collapsed below zero. Read more...
12 Jun DOT Issues $3 Million for State, Local Safety Tools The U.S. Department of Transportation recently issued $3.3 million to state, local and tribal government groups to support tools that are meant to improve roadway safety. Read more...
12 Jun Sen. Ted Cruz Introduces NEPA Reform Bills Two bills that would seek to make changes to the National Environmental Policy Act recently were introduced by Sen. Ted Cruz (R-Texas). Read more...
12 Jun Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry. Read more...
11 Jun Mnuchin Says US Can’t Shut Economy Even if Virus Resurges Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases. Read more...
11 Jun Roadrunner Accelerates Restructuring Plan Amid Pandemic Roadrunner Transportation Systems was in the final steps in a multiyear financial turnaround effort when the coronavirus pandemic hit, forcing the company to confront the same economic challenges facing all of trucking while also seeing its plans through, a company executive said. Read more...
11 Jun US Business Debt Soars by Record on Bond Issuance, Loans U.S. nonfinancial business debt soared in the first quarter by the most in records back to 1952, as bank loans and corporate bond issuance jumped in companies’ all-out effort to stay liquid during the coronavirus pandemic. Read more...
11 Jun Transportation Funding Bill Part of Congress’ Summer Agenda Agencies that oversee freight and passenger transportation policies will gain a clearer outlook for the next fiscal year when Congress this summer considers its annual funding legislation for the U.S. Department of Transportation. Read more...
11 Jun Kodiak Offers First Inside Look at Safety Assessment Kodiak Robotics Inc. recently made its 350th commercial delivery and detailed how it is approaching the challenge of providing its longhaul trucks with self-driving technology. Read more...