22 Sep Freight Stakeholders Press for Excise Tax Suspension A sector within the transportation community is asking the leadership on Capitol Hill to suspend a tax on the purchase of new trucks as part of a pandemic-related economic aid measure. Read more...
22 Sep Hertz Weighs Plans From Two Creditor Groups for Bankruptcy Loan Hertz Global Holdings Inc. is negotiating with its creditors for a loan to bolster operations after months of funding itself during bankruptcy, according to people with knowledge of the talks. Read more...
22 Sep Powell, Mnuchin Voice Optimism but Back More Economic Aid Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Read more...
22 Sep C.H. Robinson Aims to Disrupt Buying Process With Procure IQ C.H. Robinson on Sept. 22 launched a tool intended to expand the ways in which shippers can analyze and buy freight lanes. Read more...
22 Sep UPS Wants FMCSA to Reconsider Exemption Request UPS Inc. has requested reconsideration of the Federal Motor Carrier Safety Administration’s denial of its 2019 request for an exemption from a requirement that its driver training instructors have two years’ minimum experience as trainers. Read more...
22 Sep Tonnage Declines 8.9% Year-Over-Year in August Truck tonnage in August declined a seasonally adjusted 8.9% when compared with year-ago levels, marking the fifth consecutive year-over-year decline, American Trucking Associations reported Sept. 22. Read more...
22 Sep Walmart Expands Drone Program With COVID-19 Test-Kit Delivery Walmart Inc. will test using drones to drop COVID-19 diagnostic kits at customers’ homes, the retailer’s latest move in the pandemic-fueled arena of contactless deliveries. Read more...
22 Sep Tesla Falls on Musk Cautioning Battery Output Is Years Away Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years. Read more...
22 Sep Tropical Storm Beta Floods Houston, Dumps Rain on Gulf Coast Tropical Storm Beta is flooding Houston as it slows to a crawl along the Gulf Coast, forcing highways to shut and threatening to boost water levels even more before meandering toward Louisiana. Read more...
22 Sep Paccar Announces Partnership With Schenider Electric, Faith Technologies Paccar announced a collaboration with Faith Technologies and Schneider Electric to provide charging infrastructure for customers who purchase battery-electric models from Kenworth and Peterbilt in the United States and Canada. Read more...