10 Apr Mexico Strikes Deal With US, Paving Way for OPEC Output Cuts Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries. Read more...
09 Apr Wall Street Caps Best Week Since 1974 on Fed’s Latest Stunner Wall Street closed out its best week in 45 years on April 9 after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. Read more...
09 Apr March Class 8 Sales Near Replacement Levels U.S. Class 8 retail sales in March fell 27.8% compared with a year earlier, WardsAuto .com reported. Read more...
09 Apr Daimler Updates Repair Order Mobile App Daimler Trucks North America launched April 2 the second generation of its app that helps dealers create a repair order. Read more...
09 Apr SoftBank-Backed Nuro Gets OK for Driverless Delivery Tests in California Nuro Inc. has won permission to test driverless, low-speed delivery vehicles in the San Francisco Bay Area, becoming the second company allowed to operate on public roads without a driver. Read more...
09 Apr Landstar Begins Work on New Orientation Center Landstar System began construction on a new orientation center for its exclusive independent owner-operators in Georgia, the company announced April 7. Read more...
09 Apr DAT Solutions, Schneider Logistics Partner on Pilot Program Digital freight load board DAT Solutions on April 6 announced Schneider Logistics Services joined a pilot program to evaluate emerging tools to better forecast truckload freight rates. Read more...
09 Apr Pandemic Offers a Unique Shot at US Infrastructure Reform Back in early 2017, investing in companies involved in infrastructure projects seemed like a smart idea, given newly elected President Donald Trump’s enthusiasm for building roads, bridges and walls. That it was also a spot of rare bipartisan agreement only bolstered the argument. Read more...
09 Apr Analysts: Trucking Ripe With Opportunities for Autonomous Technology Analysts expect autonomous driving to penetrate the commercial vehicle market before the consumer auto market. Read more...
09 Apr Small-Business Group Seeks Limited Relief From Surety Bond Requirement Federal trucking regulators are seeking comments on a petition filed by the Small Business in Transportation Coalition asking for a five-year exemption from the $75,000 surety bond or trust fund requirement for small property brokers and freight forwarders. Read more...