13 May Titanium Reports Revenue, Net Income Grow in Q1 Titanium Transportation Group reported solid revenue growth and a profit gain in the first quarter. Read more...
13 May Medium-Duty Sales in April Fall, but Some Positives Seen in Lighter Segments U.S. retail sales of medium-duty trucks were supported in an otherwise abysmal April by a modest gain in the lighter segments. Overall sales fell 29% compared with a year earlier, WardsAuto.com reported. Read more...
13 May Container Shipper Maersk Warns of 25% Volume Slump The world’s largest container line is bracing for a historic slump in demand after emergency lockdowns across the globe left international trade in tatters. Read more...
13 May FMCSA Extends HOS Emergency Declaration for Second Time The Federal Motor Carrier Safety Administration has again extended its emergency declaration relaxing hours-of-service rules for motor carriers that are providing direct assistance in support of coronavirus-related relief efforts. Read more...
13 May Medium-Duty Sales in April Fall, but See Some Positives in Lighter Segments U.S. retail sales of medium-duty trucks were supported in an otherwise abysmal April by a modest gain in the lighter segments. Overall sales fell 29% compared with a year earlier, WardsAuto.com reported. Read more...
13 May House Democrats Propose $15 Billion for State Highway Programs The country’s transportation agencies would receive a funding boost in a coronavirus economic relief measure House Democrats unveiled May 12. Read more...
13 May Tesla Operations Can Resume in California if Conditions Are Met Alameda County officials said May 12 they have agreed to allow Tesla to reopen as early as next week if the auto manufacturer agrees to certain safety conditions. Read more...
13 May Uber’s Bid to Acquire Grubhub Draws Rebukes Uber Technologies Inc.’s offer to buy Grubhub Inc. antagonized officials in Washington and major U.S. cities, who already were taking steps to limit the fees companies charge restaurants and regulate their treatment of workers. If a deal between the companies proceeds, analysts said it is likely to face antitrust scrutiny. Read more...
13 May Powell Warns of Possible Sustained Recession From Pandemic Federal Reserve Chair Jerome Powell warned May 13 of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. Read more...
13 May Circle Logistics Starts Bulk Division Focused on Ethanol Freight broker Circle Logistics, which saw its business impacted by automakers' shutdown due to the coronavirus crisis, countered the stress by creating a bulk division to deliver tankers of ethanol, the key ingredient in hand sanitizer. Read more...