04 May SaferWatch Adds CarrierLists to Service Offerings SaferWatch, a provider of motor carrier licensing, insurance and safety data, has agreed to partner with CarrierLists to supply information about carrier capacity and freight-hauling preferences of truck operators. Read more...
04 May Ceva Logistics Completes IPO, Shares Traded on SIX Swiss Exchange Shares in Ceva Logistics began trading May 4 on the SIX Swiss Exchange in Zurich after a successful initial public offering of stock and the move by French ocean shipping line CMA CGM to acquire a 25% stake in the business. Read more...
04 May US Services Firms Grow in April at Slowest Pace This Year U.S. services firms grew at a slower pace in April compared with the prior month as companies are reporting cost pressures from possible tariffs and a shortage of available workers. Read more...
04 May Oil, Sand Railcars Compete for Track Space in Permian Basin Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin. Read more...
04 May I-95 Corridor Coalition, Delaware DOT to Pilot Mileage-Based User Fee The I-95 Corridor Coalition and the Delaware Department of Transportation announced May 1 that they are leading a pilot study to examine the feasibility of a mileage-based user fee, or MBUF. Read more...
04 May NTI Survey Reveals Incremental Rise in Number of Female Drivers At the end of 2017, 7.9% of truck drivers were women, up from 7.1% at the beginning of the year, according to research conducted by the National Transportation Institute for the Women In Trucking Association. Read more...
04 May Big Trailer Rentals of Texas Opens Quinlan Location A trailer rental company believes there is a big future in the Lone Star State. Read more...
04 May Toyota to Build Autonomous Vehicle Testing Site in Michigan Toyota announced plans May 3 to build its own autonomous vehicle testing site within the Michigan Technical Resource Park, a privately operated automotive proving grounds. Read more...
04 May VW CEO Herbert Diess Urges Corporate Culture Change Amid Sweeping Revamp Herbert Diess, CEO of Volkswagen AG, pledged to step up integrity and compliance efforts as part of the German manufacturer’s deepest overhaul since the diesel-emissions scandal came to light in 2015. Read more...
04 May US Payrolls Rebound to 164,000 Gain; Jobless Rate Hits 3.9% U.S. hiring rebounded in April, and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department figures showed May 4. Read more...