02 Mar UPS Ships Out First Batch of Johnson & Johnson Vaccine UPS Inc. began shipping out its first batch of Johnson & Johnson vaccines March 2, now that the single-dose vaccine for the coronavirus has emergency use authorization. Read more...
02 Mar Navistar Stockholders Approve Merger With Traton SE Moving one step closer to being acquired, Navistar International Corp. announced stockholders approved Traton SE’s proposal to buy all of Navistar’s outstanding common shares for $44.50 per share in cash, or $3.7 billion. Read more...
02 Mar Rhode Island Gov. Gina Raimondo Confirmed as Commerce Secretary Gina Raimondo easily won Senate confirmation as Commerce secretary, placing the Rhode Island governor at the heart of President Joe Biden’s efforts to revive the U.S. economy and confront alleged unfair trade practices by China. Read more...
02 Mar Trottenberg Mum on Highway Funding Details Polly Trottenberg, nominated to be deputy secretary at the U.S. Department of Transportation, told senators March 3 she was unable to disclose details about the Biden administration’s highway-funding plans. Read more...
02 Mar American Petroleum Institute Mulls Embrace of Carbon Pricing The American Petroleum Institute is considering throwing its weight behind a government-imposed price on carbon dioxide emissions as a way to slow global warming, a major policy shift by the oil industry’s top trade group. Read more...
02 Mar As Amazon Air Expands, Report Sees Potential Challenge to UPS, FedEx and USPS Amazon Air is poised for a summertime growth spurt that could send its daily schedule to more than 160 flights per day. Read more...
02 Mar Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion. Read more...
02 Mar Railroads Told to Turn Over Evidence in Fuel Surcharge Suit In a move that could help speed up the path to a trial, a District of Columbia federal judge ruled in a multidistrict federal lawsuit that more than 200 shippers are entitled to pursue certain evidence to support their allegation that the four largest Class I railroads may have conspired to fix fuel surcharge prices. Read more...
02 Mar Lawmakers Reintroduce Bill Promoting Women in Trucking A group of lawmakers has reintroduced legislation that aims to support women entering the trucking industry. Read more...
02 Mar Navistar Offers Free Warranty on Certain Used LT and RH Models Navistar International Corp. announced it is offering a free one-year, 100,000-mile factory-backed warranty for engine and aftertreatment systems on its most popular used on-highway vehicles, the LT and RH series, that meet certain criteria. Read more...