22 Sep Nine More Individuals Indicted in Staged Accidents Scam in La. Nine more people have been indicted in connection with a sweeping federal investigation into staged accidents with commercial vehicles in the New Orleans area. Read more...
22 Sep Nation’s Ports Show Signs of Recovery as Imports Surge The Port of Los Angeles, the nation’s busiest seaport, hit an all-time record in August, processing 12% more volume that totaled 961,833 20-foot-equivalent units (TEUs). Read more...
22 Sep Freight Stakeholders Press for Excise Tax Suspension A sector within the transportation community is asking the leadership on Capitol Hill to suspend a tax on the purchase of new trucks as part of a pandemic-related economic aid measure. Read more...
22 Sep Hertz Weighs Plans From Two Creditor Groups for Bankruptcy Loan Hertz Global Holdings Inc. is negotiating with its creditors for a loan to bolster operations after months of funding itself during bankruptcy, according to people with knowledge of the talks. Read more...
22 Sep Powell, Mnuchin Voice Optimism but Back More Economic Aid Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Read more...
22 Sep C.H. Robinson Aims to Disrupt Buying Process With Procure IQ C.H. Robinson on Sept. 22 launched a tool intended to expand the ways in which shippers can analyze and buy freight lanes. Read more...
22 Sep UPS Wants FMCSA to Reconsider Exemption Request UPS Inc. has requested reconsideration of the Federal Motor Carrier Safety Administration’s denial of its 2019 request for an exemption from a requirement that its driver training instructors have two years’ minimum experience as trainers. Read more...
22 Sep Tonnage Declines 8.9% Year-Over-Year in August Truck tonnage in August declined a seasonally adjusted 8.9% when compared with year-ago levels, marking the fifth consecutive year-over-year decline, American Trucking Associations reported Sept. 22. Read more...
22 Sep Walmart Expands Drone Program With COVID-19 Test-Kit Delivery Walmart Inc. will test using drones to drop COVID-19 diagnostic kits at customers’ homes, the retailer’s latest move in the pandemic-fueled arena of contactless deliveries. Read more...
22 Sep Tesla Falls on Musk Cautioning Battery Output Is Years Away Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years. Read more...