02 Jun TMC SuperTech Canceled; Fall Meeting Will Be Virtual The Technology & Maintenance Council of American Trucking Associations has canceled its competitions geared toward truck technicians that were scheduled for September. Read more...
02 Jun American Farmers Can’t Wash Their Hands of All This Corn American corn farmers are feeling better about their prospects with billions more in government aid and optimal growing conditions. There’s only one downer — demand. Read more...
02 Jun Ex-Navistar CEO Daniel Ustian, SEC Reach $500,000 Settlement The U.S. Securities and Exchange Commission’s yearslong civil court fight with Daniel Ustian has ended with the former Navistar International CEO agreeing to a $500,000 civil penalty and a permanent ban from serving as an officer or director of a public company. Read more...
02 Jun OPEC+ Edges Closer to Compromise to Extend Deepest Ever Cuts OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market, even as wrangling continued for a third day about whether to bring forward their next meeting. Read more...
02 Jun Paccar Parts Opens Distribution Center in Las Vegas Paccar Parts announced it opened a 250,000-square-foot parts distribution center in Las Vegas. Read more...
02 Jun Rise in Rail Shipments a Sign of Rebound in Canada One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic. Read more...
02 Jun Senate Panel to Meet for Infrastructure Discussion June 4 Senators on the committee responsible for highway policy are scheduled to meet June 4 to review infrastructure concerns with the mayor of Louisville, Ky., and other stakeholders. Read more...
02 Jun Schneider Leverages Carrier Network With FreightPower Launch Schneider launched a new marketplace, Schneider FreightPower, to give shippers access to an expanded and flexible capacity network. Read more...
02 Jun Self-Driving Startup Argo Completes $2.6 Billion Tie-Up With VW Argo AI, the self-driving startup tightly aligned with Ford Motor Co., completed an expected tie-up with Volkswagen AG involving a $2.6 billion investment from the German automaker. Read more...
02 Jun Truck Financiers Offer Flexibility During Pandemic Like many other carriers, Bowerman Trucking in Searcy, Ark., has experienced challenges during the COVID-19 pandemic, but one group has made things easier: its creditors. Read more...