06 Feb NYC Tunnel’s Slow Pace Spurs Democratic Jabs at Trump Rail Chief Fifteen Democratic senators admonished the Trump administration for the sluggish progress on a new rail tunnel between New York and New Jersey, centerpiece of the so-called Gateway program of major infrastructure projects in the critical transit artery. Read more...
06 Feb Top Steelmaker Sounds Alarm as Coronavirus Spreads The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.” Read more...
06 Feb Eaton Reports Lower Q4 Income, Revenue Commercial vehicle supplier Eaton Corp. reported net income and revenue fell in the fourth quarter amid weaker-than-expected market growth. Read more...
05 Feb Landstar Profits, Revenue Hurt by Weak Manufacturing Sector Landstar System Inc. saw fourth quarter and 2019 earnings and revenue fall as the company dealt with sluggish trucking conditions and difficult comparisons with record 2018 financial results. Read more...
05 Feb GM to Rely on Cash-Cow SUVs to Overcome Auto Market Weaknesses General Motors Co. predicted robust sales of new trucks and big SUV models will help it avert the kind of earnings decline this year that its rivals are bracing for. Read more...
05 Feb DOT Requests Public Comment on AV 4.0 The Department of Transportation and the White House Office of Science and Technology Policy are inviting public comments on AV 4.0, the latest federal update of autonomous vehicle technology guidelines. Read more...
05 Feb Knight-Swift Sees Profit, Revenue Fall for Q4, Year Knight-Swift Transportation Holdings Inc. saw earnings and revenue fall in the fourth quarter as it faced greater competition and an oversupply of truckload capacity in its key market. Read more...
05 Feb US Trade Deficit Drops for First Time in Six Years The U.S. trade deficit fell 1.7% last year to $616.8 billion as President Donald Trump hammered China with import taxes. Read more...
05 Feb U.S. Xpress Appoints Nathan Harwell to Two Executive Posts Nathan Harwell has joined U.S. Xpress Enterprises Inc. as executive vice president and chief legal officer, the company announced Feb. 4. Read more...
05 Feb EPA Sets Final Rule for 2021 Biomass-Based Diesel Requirement The Environmental Protection Agency announced the final rule that sets the biomass-based diesel statutory minimum requirement at 2.43 billion gallons for 2021, the same level as the 2020 requirement. Read more...