02 Sep Demand for Rental, Lease Trailers at Historic Highs The utilization rate of rental and lease trailers continues at historic highs amid industry consolidation and a shift to more rentals and away from long-term leases, according to an industry survey released in August. Read more...
02 Sep Oil Rises on Signs US Crude Stockpiles Fell for a Sixth Week Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week. Read more...
02 Sep GM CEO Mary Barra to Meet With Ivanka Trump at Job Training Site General Motors Co. CEO Mary Barra will meet Sept. 2 with President Donald Trump’s daughter and adviser, Ivanka Trump, who is scheduled to tour the automaker’s training center north of Detroit. Read more...
01 Sep Southeastern Motor Freight Files RICO Lawsuit in La. Staged Accidents Case A New Orleans motor carrier has filed a federal Racketeer Influenced and Corrupt Organizations Act civil lawsuit against a New Orleans attorney and two convicted participants in a pair of staged accidents with tractor-trailers in 2017. Read more...
01 Sep Amazon’s Whole Foods Opens Delivery-Only Facility in Brooklyn Whole Foods Market on Sept. 1 opened a location in Brooklyn that it’s calling a store — except shoppers won’t be welcome to walk the aisles. Read more...
01 Sep Illinois DOT Projects Aim to Bolster Peoria Leading Illinois officials recently announced that a slew of infrastructure projects is underway in the Peoria area, which is an important hub for the manufacturing industry. Read more...
01 Sep Global Trade Seen Rebounding Faster Now Than Post-2008 Recession Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute for the World Economy. Read more...
01 Sep Shale Loses Another Global Giant After Schlumberger’s Frack Sale Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs. Read more...
01 Sep Proposed Hair Testing Rule Forwarded to Federal Register A proposed rule authorizing the use of hair samples to test truck drivers and other federal workers has been forwarded to the Federal Register for publication soon, the chairman of a federal drug testing advisory board said Sept. 1. Read more...
01 Sep Manufacturing Expands at Fastest Pace Since Late 2018 U.S. manufacturing expanded in August at the fastest pace since late 2018, powered by growth in new orders that are a bright spot in an otherwise struggling economy. Read more...