19 Oct As NAFTA Talks Stall, Trade Concerns Grow Talks aimed at renegotiating terms of the North American Free Trade Agreement appear to be stalled over demands from the United States that would, among other things, require a higher percentage of car parts to be sourced in the U.S. Read more...
19 Oct Ray Martinez Receives Key Senate Backing for Top FMCSA Post Ray Martinez, nominated for the top post at the Federal Motor Carrier Safety Administration, received a strong endorsement from Sen. John Thune, a key policymaker for the trucking industry. Read more...
19 Oct Broad-Based Demand Powers Class 8 Sales U.S. retail sales of Class 8 trucks in September hit their highest level in 16 months, climbing over 17,000 units as a broad cross-section of buyers sought trucks, experts said. Read more...
19 Oct Ray Martinez Receives Key Senate Backing for FMCSA Post Ray Martinez, nominated for the top post at the Federal Motor Carrier Safety Administration, received a strong endorsement from Sen. John Thune, a key policymaker for the trucking industry. Read more...
19 Oct Daimler Takes Steps to Separate Car, Truck Units Daimler AG announced it is taking steps to separate its Daimler Trucks & Bus and Mercedes-Benz Cars & Vans divisions into two legally independent and more entrepreneurial entities still under the “roof and the lead” of Daimler. Read more...
19 Oct Dallas Fed: Harvey’s Economic Damage Temporary; Recovery Boosts Demand It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas. Read more...
19 Oct FMCSA Grants UPS Several ELD Exemptions The Federal Motor Carrier Safety Administration will grant UPS Inc. temporary exemption from parts of the upcoming electronic logging device mandate, according to a document scheduled for publication in the Federal Register on Oct. 20. Read more...
19 Oct Alphabet Unit Leads $1 Billion Investment in Lyft Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said. Read more...
19 Oct Navistar-GM Partnership Spurs Michigan Trucking Firm to Expand to Ohio, Hire 100 The Navistar-GM partnership in Springfield, Ohio has lead a Michigan trucking company to open a new terminal in Springfield, a move that could lead to a $5.2 million investment and more than 100 jobs over three years. Read more...