15 Oct Fiat Chrysler to Invest Up to $1.1 Billion in Canadian Plants Fiat Chrysler Automobiles NV agreed to invest as much as $1.1 billion (C$ 1.5 billion) in one of its two assembly plants in Canada as part of a tentative agreement reached with more than 9,000 local autoworkers. Read more...
15 Oct 2020 MCE Kicks Off Under Virtual Format Trucking executives and other industry stakeholders who originally would have traveled to Denver will instead turn their attention online for ATA’s 2020 Management Conference & Exhibition, which will proceed as a virtual event due to the ongoing coronavirus pandemic. Read more...
15 Oct Stimulus Looks Doomed by Parties’ Divergent Goals Even with the U.S. still reeling from the coronavirus pandemic, Washington fell short in delivering more stimulus before the election, whipsawed by President Donald Trump and hobbled by the diverging agendas of the top Republican and Democrat in Congress. Now, voters will help decide what happens next. Read more...
15 Oct Layoffs Remain Elevated as 898,000 Seek Jobless Aid WASHINGTON — The number of Americans seeking unemployment benefits rose the week of Oct. 5 to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago. Read more...
14 Oct US Oil Production Has Already Passed Its Peak, Occidental Says America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp. Read more...
14 Oct New Drivewyze Service Allows for Custom Safety Alerts, Driver Feedback Drivewyze introduced a safety system Oct. 14 that allows fleets to add customizable driving alerts and analyze driver behavior. Read more...
14 Oct Texas Officials Unveil Truck Inspection Facility Along I-10 The Texas Department of Public Safety has opened a technologically advanced truck inspection facility in Seguin, which straddles Interstate 10. Read more...
14 Oct Stimulus Chances Fading as Mnuchin Cites Political Reality The chances for a preelection stimulus for the U.S. economy from Congress are all but over, with Treasury Secretary Steven Mnuchin on Oct. 14 pointing to political dynamics undermining the monthslong negotiations. Read more...
14 Oct Cummins Set to Produce 2021 EPA-Compliant On-Highway Engines Jan. 1 Cummins Inc. announced its 2021 heavy-duty X12 and X15 series engines that are Environmental Protection Agency emissions-compliant are in limited production with full production scheduled for Jan. 1. Read more...
14 Oct VW’s Traton Unit Sets Deadline for Navistar to Accept Offer Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal. Read more...