11 Jun Roadrunner Accelerates Restructuring Plan Amid Pandemic Roadrunner Transportation Systems was in the final steps in a multiyear financial turnaround effort when the coronavirus pandemic hit, forcing the company to confront the same economic challenges facing all of trucking while also seeing its plans through, a company executive said. Read more...
11 Jun US Business Debt Soars by Record on Bond Issuance, Loans U.S. nonfinancial business debt soared in the first quarter by the most in records back to 1952, as bank loans and corporate bond issuance jumped in companies’ all-out effort to stay liquid during the coronavirus pandemic. Read more...
11 Jun Transportation Funding Bill Part of Congress’ Summer Agenda Agencies that oversee freight and passenger transportation policies will gain a clearer outlook for the next fiscal year when Congress this summer considers its annual funding legislation for the U.S. Department of Transportation. Read more...
11 Jun Kodiak Offers First Inside Look at Safety Assessment Kodiak Robotics Inc. recently made its 350th commercial delivery and detailed how it is approaching the challenge of providing its longhaul trucks with self-driving technology. Read more...
11 Jun TIA CEO Robert Voltmann to Step Down at End of September Transportation Intermediaries Association President and CEO Robert Voltmann will step down from his post later this year, the association announced June 10. Read more...
11 Jun Boeing, Suppliers Plunge on Stop-And-Go 737 Max Comeback Shares of Boeing Co. and its largest suppliers sank June 11 after the planemaker pared output plans for its beleaguered 737 Max just two weeks after restarting work in its Seattle-area factory. Read more...
11 Jun BFGoodrich Unveils Tires Designed for LTL, Last-Mile Use BFGoodrich introduced two tires designed for less-than-truckload and last-mile delivery applications in the package and delivery, food and beverage, and other same-day and next-day segments. Read more...
11 Jun Ford Recalls About 2.5 Million Vehicles for Latch, Brake Troubles Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak. Read more...
11 Jun Satellite Firm Develops Long-Distance System for Delivery Drones Inmarsat Group Holdings Ltd. says it has found a way to safely fly civil drones over long distances, a step that may help pave the way for mass adoption by industries from transportation to energy and infrastructure. Read more...
11 Jun Jobless Claims Extend Gradual Decline, Remain Elevated Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic. Read more...