16 Jun OPEC Quota-Busters Start to Toe Line in June Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one. Read more...
16 Jun DOD Pulls Back $20 Billion Contract for Military Family Moves Military officials have pulled back a sweeping multibillion-dollar contract intended to address military families’ long-standing problems with delays and damaged goods during their roughly 400,000 annual moves to assignments around the globe. Read more...
16 Jun Iowa Transportation Commission Approves Five-Year Plan The Iowa Transportation Commission recently approved the state’s transportation improvement program. Read more...
16 Jun Perspective: Workers’ Comp in the COVID-19 Era Trucking companies that were handling workers’ compensation claims before the coronavirus pandemic may find resolution of these claims stalled for reasons that have nothing to do with the worker’s injury, says Lori Ilgenfritz of Gallagher Bassett. Read more...
16 Jun PacLease Celebrates 40 Years in Business PacLease, a full-service truck rental and leasing company, reached the milestones of 40 years in business and 40,000 trucks being used. Read more...
16 Jun Powell Warns That Long Downturn Would Mean Severe Damage Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery. Read more...
16 Jun Northwest Equipment Sales Adds First Washington State Location Northwest Equipment Sales has opened a dealership in Burbank, Wash., that offers brands from Mack Trucks and Volvo Trucks North America. Read more...
16 Jun Retail Sales Soared a Record 17.7% in May, Double Forecast U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen. Read more...
15 Jun Average Price of Diesel Inches Upward by 0.7¢ to $2.403 The national average price of diesel fuel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration. Read more...
15 Jun DOT Launches AV TEST Initiative The U.S. Department of Transportation has launched a program to increase transparency and inform members of the public about automated vehicle technologies. Read more...