11 Jun TIA CEO Robert Voltmann to Step Down at End of September Transportation Intermediaries Association President and CEO Robert Voltmann will step down from his post later this year, the association announced June 10. Read more...
11 Jun Boeing, Suppliers Plunge on Stop-And-Go 737 Max Comeback Shares of Boeing Co. and its largest suppliers sank June 11 after the planemaker pared output plans for its beleaguered 737 Max just two weeks after restarting work in its Seattle-area factory. Read more...
11 Jun BFGoodrich Unveils Tires Designed for LTL, Last-Mile Use BFGoodrich introduced two tires designed for less-than-truckload and last-mile delivery applications in the package and delivery, food and beverage, and other same-day and next-day segments. Read more...
11 Jun Ford Recalls About 2.5 Million Vehicles for Latch, Brake Troubles Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak. Read more...
11 Jun Satellite Firm Develops Long-Distance System for Delivery Drones Inmarsat Group Holdings Ltd. says it has found a way to safely fly civil drones over long distances, a step that may help pave the way for mass adoption by industries from transportation to energy and infrastructure. Read more...
11 Jun Jobless Claims Extend Gradual Decline, Remain Elevated Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic. Read more...
11 Jun Disaster Management Expert Emphasizes Flexibility, Communication Managing crises such as the coronavirus pandemic requires communication, planning and flexibility, said Ed Emmett, senior fellow at Rice University’s Kinder Institute for Urban Research. Read more...
10 Jun Fed Sees Interest Rates Near Zero Through 2022 The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus. Read more...
10 Jun German Government Agrees on National Hydrogen Strategy The German government agreed June 10 on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions. Read more...
10 Jun Class 8 Sales in May Fall to Lowest Point Since 2011 U.S. Class 8 retail sales in May tumbled 62.5% — during the heart of the novel coronavirus pandemic — to just above 9,000 compared with a year earlier, WardsAuto.com reported. Read more...