01 Jul Cargo Theft Likely to Increase Over July Fourth Holiday, Report Says Though cargo theft is a year-round problem for trucking, it is more of a concern around the July Fourth holiday, according to a report by CargoNet. Read more...
01 Jul Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic. Read more...
01 Jul Manufacturing Bounces Back in June on Reopenings U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic. Read more...
01 Jul CARB Releases Proposal to Cut Future NOx, Particulate Matter Emissions California environmental regulators have released a slate of proposed emission-reduction amendments designed to keep the state’s air clean while it transitions to an all-electric truck future by 2045. Read more...
01 Jul House Climate Change Plan Tackles Heavy-Duty Equipment at Ports House Democrats say Congress should increase funding for programs at EPA and the Department of Energy to reduce emissions from equipment at ports. Read more...
01 Jul Commodity Freighters Are Shrugging Off COVID-19 — For Now The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Read more...
01 Jul OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again. Read more...
01 Jul Safety Groups, Teamsters Petition FMCSA to Reconsider HOS Final Rule A group of safety organizations and the International Brotherhood of Teamsters have filed a petition for the Federal Motor Carrier Safety Administration to reconsider the final rule on changes to hours-of-service regulations soon to take effect. Read more...
01 Jul FedEx Posts Loss in Q4, Shows Improvement From Year Ago FedEx said its fourth-quarter net income was a loss of $334 million, or negative $1.28 a share, compared with a loss of $1.97 billion, or negative $7.56 a share, in the 2019 period. Read more...
01 Jul ASCE Report: COVID-19 Compounds Infrastructure Woes The COVID-19 pandemic is negatively impacting the nation’s already blighted infrastructure sectors, according to a recent status report from the American Society of Civil Engineers. Read more...