02 Jul Trailers on the Road to Becoming Smart Partners in Freight Hauls A new report from the Technology & Maintenance Council of American Trucking Associations said technology can help improve trailer utilization and help trailers become “full partners” with tractors in moving freight more efficiently. Read more...
02 Jul Lordstown Motors Drops on Report of Justice Probe Lordstown Motors Corp. slid after the Wall Street Journal reported that the troubled electric-vehicle startup is being probed by the U.S. Justice Department. Read more...
02 Jul Tesla Delivers Record 201,250 Cars in Second Quarter Tesla Inc. delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by CEO Elon Musk. Read more...
02 Jul Trade Deficit Increased to Second Biggest on Record in May The U.S. trade gap widened in May to the second-largest on record as imports increased faster than exports. Read more...
02 Jul Job Growth Surges Most in 10 Months, Jumping Past Forecast U.S. job growth accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the broadening of economic activity. Read more...
02 Jul Fourth of July Poses Increased Risk for Cargo Thefts The Fourth of July holiday weekend could see an increase in cargo thefts based on trends of past years, according to theft prevention and recovery service CargoNet. Read more...
02 Jul Navistar Merges With Traton Group in $3.7 Billion Deal Navistar International Corp. announced it merged with Munich-based Traton Group in a transaction valued at $3.7 billion, finalizing a strategic alliance launched in 2017. Read more...
02 Jul LTL Trucking Enters Summer With Strong Tailwinds The less-than-truckload sector is moving through summer with strong tailwinds at its back, experts say. Read more...
02 Jul House Approves $715 Billion Highway Policy Bill Legislation that would update the country’s highway and wastewater policies was approved by the U.S. House of Representatives on July 1, an effort by congressional Democrats to advance President Joe Biden’s multitrillion-dollar infrastructure agenda. Read more...
02 Jul Port Operator DP World Buys Syncreon in $1.2 Billion Deal One of the world’s largest port operators, DP World, said July 1 it had acquired American logistics firm Syncreon Holdings in a $1.2 billion deal, the latest investment as the maritime company pushes to expand farther afield. Read more...