08 Nov Fed Leaves Key Rate Unchanged but Sees Hikes Ahead WASHINGTON — The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December. Read more...
08 Nov Arkansas Sleeper Berth Case ‘an Outlier,’ Attorneys Say A decision last month by a federal judge in Arkansas that truck drivers are entitled to compensation for time in the sleeper berth was preceded by two federal cases that resulted in legal rulings more favorable for carriers, including one that was affirmed by an appeals court. Read more...
08 Nov Homewood Holdings Buys Select Assets of Building Supply and Lumber Homewood Holdings, a portfolio company of private equity investment firm Building Industry Partners, has acquired select assets of Building Supply and Lumber Co., an independent lumber and building materials dealer. Read more...
08 Nov ATRI Seeking Industry ELD Data for Future Research on HOS The American Transportation Research Institute is asking fleets to provide data from their electronic logging devices to be used in confidential research for studying policy issues in trucking. Read more...
08 Nov Daimler, Bosch to Offer Self-Driving Car Pilot Mercedes-Benz parent company Daimler and auto supplier Bosch plan to launch a self-driving car pilot for the public in San Jose, Calif., in the second half of 2019. Read more...
08 Nov FedEx Announces Rate Increases for 2019 as Demand Grows FedEx Corp. will raise general rates on Jan. 7, according to a statement the company released on Nov. 5, reflecting tight capacity and greater demands from a strong economy. Read more...
08 Nov Voters Decide Fate of Transportation Funding Measures on State Ballots Voters demonstrated a reluctance to approve new funding measures but a commitment to securing existing funds for transportation purposes during the Nov. 6 election. Read more...
08 Nov History Channel Debuts ‘Truck Weekend in America’ Inspired by the “Shark Week” ratings phenomenon, the History Channel is turning to trucks. At 8 p.m. Nov. 10, “Truck Weekend in America” launches six hours of truck programming that spotlights new trucks, rescue trucks, restoring trucks, how trucks are built in factories and how trucks have transformed our culture. Read more...
08 Nov OPEC Considers 2019 Oil Production Cuts in Yet Another U-Turn The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year. Read more...
08 Nov Tesla Fills Elon Musk’s Chairman Role With Board Member Robyn Denholm Tesla Inc. appointed a director who’s been on its board for years to replace Elon Musk as chairman, stirring suspicion as to whether the mercurial CEO will be restrained after costly run-ins with securities regulators. Read more...