30 Mar Hertz Competing Reorganization Plans Hinge on Pending Details The fate of Hertz Global Holdings Inc. depends on details still pending behind two formally submitted bids, it said in court papers. Read more...
30 Mar Roadrunner Takes Major Steps in Transformation Plans Roadrunner Freight took another step in its ongoing transformation with a March 25 announcement of a $50 million equity private placement and additions to its leadership team. Read more...
30 Mar Georgia Ports Authority OKs $205 Million for Savannah Expansion The board of the Georgia Ports Authority voted March 29 to spend $205 million to expand the Savannah facility, adding to $100 million authorized several months ago. Read more...
30 Mar Truck Parking Legislation Introduced in US House A bill designed to facilitate access to parking around the country for commercial vehicles was recently introduced in the U.S. House of Representatives. Read more...
30 Mar Infrastructure Plan Could Include $3 Trillion in Tax Increases President Joe Biden is aiming for summer passage of an infrastructure plan that is expected to cost more than $3 trillion, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said. Read more...
30 Mar Truckers Speak Out at CARB Workshop on Tough Smog Test Proposal California environmental regulators gave motor carriers a look at a tweaked heavy-duty vehicle smog inspection and maintenance program proposal that will require motor carriers to “smog test” their fleets quarterly, rather than current requirements for an annual inspection. Read more...
30 Mar US Consumer Confidence Surges to One-Year High on Job Optimism U.S. consumer confidence rose in March to a one-year high as Americans grew more upbeat about the economy and labor market, a sign that household spending may pick up more broadly in the coming months. Read more...
30 Mar Port of Baltimore Dredging, Expansion Seen as Boon to Economy Port of Baltimore officials say with the vast jump in imported cargo and tens of millions of dollars in infrastructure improvements, the sprawling facility on the Chesapeake Bay will see rapid growth the next several years. Read more...
30 Mar Daimler’s Legal Risks Around Emissions Linger Ahead of Revamp Daimler AG shares have soared since the pandemic forced the Mercedes-Benz maker to postpone its annual shareholders’ meeting around this time a year ago. Its chairman’s swan song still will hit some low notes. Read more...
30 Mar Volvo, Aurora Pair for Autonomous Trucking Service Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America. Read more...