04 Jan OPEC+ Meets to Discuss Output Hike, With Saudis Urging Caution Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again in February, with many countries wary of undermining a fragile recovery. Read more...
04 Jan FMCSA Proposes Revised Guidance on Yard Moves The Federal Motor Carrier Safety Administration is proposing to revise regulatory guidance related to how truck drivers record yard moves as part of their hours of service. Read more...
04 Jan Rolling Strong Unveils App That Supports Driver Wellness Rolling Strong launched a free version of its mobile app to support driver health and wellness, the company announced Jan. 4. Read more...
04 Jan Lidar Startup Aeva Adds $200 Million to SPAC Deal Aeva, a laser-sensor startup founded by two ex-Apple Inc. engineers, is poised to increase its war chest by $200 million with an investment by a Hong Kong-based hedge fund ahead of its public listing via a reverse merger. Read more...
04 Jan West and East Coast Ports Report Strong November Volume The nation’s ports continued their breakneck pace in November as imported products arrived and unloaded at a record or near-record rate at facilities on the Pacific and Atlantic coasts. Read more...
31 Dec NHTSA Fines Daimler $10 Million Over Timing of Truck Recalls Daimler Trucks North America will pay a $10 million fine and change how it recalls trucks after an investigation by federal safety regulators that found it did not recall vehicles in a timely fashion and comply with other reporting requirements. Read more...
29 Dec Railroads Install Crash-Prevention System Ahead of US Deadline U.S. railroads have completed installation of an automated crash-prevention system that covers 57,536 miles of freight and passenger tracks ahead of an end-of-year deadline that was previously extended, the Federal Railroad Administration announced Dec. 29. Read more...
29 Dec McConnell Blocks Democrats’ Bid to Pass $2,000 Stimulus Checks Senate Majority Leader Mitch McConnell on Dec. 29 blocked an attempt by Democrats to force quick action on increasing direct stimulus payments to $2,000 despite President Donald Trump’s demands for the change. Read more...
29 Dec Rail Cargo Posts First Gain in Two Years as Consumer Goods Surge U.S. railroads are back, with freight volume posting the first quarterly gain in two years. Read more...
29 Dec Fed Extends Main Street Program to Process Last Submitted Loans The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, to finish processing loans submitted by a Dec. 14 deadline to tap its funds. Read more...