07 May Daseke Reports Revenue of $391 Million for Q1 Daseke Inc., the Addison, Texas-based flatbed transportation and logistics company, extended its losses in the first quarter as the rate environment softened. Read more...
07 May Industry Doubles Transportation Secretary Elaine Chao’s Call to Fight Trafficking The transportation industry has doubled Transportation Secretary Elaine Chao’s call to commit to practices that help combat human trafficking. Read more...
07 May Iowa Driver Among First in US to Use Technology for CDL Skills Test Lonnie Orr of Davenport, Iowa, was among the first drivers in the U.S. to take advantage of a federal emergency declaration allowing new drivers to maintain COVID-19 social distancing while having their driving abilities evaluated by a state examiner observing from a trailing vehicle. Read more...
07 May Tanker Truck Industry Faces Challenges as Fuel, Milk Deliveries Decline Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic. Read more...
07 May NHTSA Opts Not to Recall Takata Air Bag Inflators The U.S. government’s highway safety agency will not force automakers to recall millions of newer Takata air bag inflators, citing industry research that shows the devices are safe. Read more...
07 May Tesla Idles China Plant, Suspending Vehicle Output Worldwide Tesla Inc. suspended production at its plant on the outskirts of Shanghai, according to people familiar with the matter, bringing to a halt all of the company’s vehicle manufacturing globally. Read more...
07 May ArcBest Records 61% Decline in Q1 Net Income ArcBest Corp. reported a drop in revenue and profits for the first quarter, and business took a turn for the worse at the beginning of the second quarter amid the coronavirus pandemic. Read more...
07 May 33 Million Have Sought US Unemployment Aid Since Virus Hit Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. Read more...
07 May Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery Oil surged after Saudi Arabia raised prices for its crude globally. Read more...
07 May FCC Opens Wi-Fi Access to Aid Coronavirus Response The Federal Communications Commission temporarily allowed broadband interests expanded access to the 5.9 GHz spectrum to battle the coronavirus pandemic. Read more...