26 Sep Long-Term Mortgage Rates Fall; 30-Year at 3.64% WASHINGTON — U.S. long-term mortgage rates fell this week following a sharp rise the week before, making September the most volatile month for the key 30-year loan since March. Read more...
26 Sep Average Used Class 8 Price Falls for First Time Since January 2018 The price of the average used Class 8 truck sold in August fell year-over-year for the first time in 20 months as inventory piled up, ACT Research reported. Read more...
26 Sep FHWA Says New Highway Project Rule Encourages Use of Innovative Materials The Federal Highway Administration has issued a final rule that it said will provide greater flexibility for states to use proprietary or patented materials in federal-aid highway projects. Read more...
26 Sep DeFazio: House Transportation Panel Likely to Take Up Highway Bill Early Next Year WASHINGTON — The transportation committee in the U.S. House of Representatives is likely to consider a long-awaited highway bill early next year, Rep. Peter DeFazio, the chamber’s top transportation policymaker, said in an exclusive interview with Transport Topics. Read more...
26 Sep FMCSA Issues $77 Million in Grants Supporting Truck Safety, Driver Training The Federal Motor Carrier Safety Administration announced more than $77 million in grants to states and training institutions to improve commercial motor vehicle safety. Read more...
26 Sep US Economy Grew at Modest 2% Rate in Q2 The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll. Read more...
26 Sep China Battery Giant Shrugs Off Headwinds With $1.4 Billion Plan China’s top maker of electric-vehicle batteries plans to spend $1.4 billion (10 billion yuan) building its first factory in the southwest of the country, adding to ambitious plans for the next decade even as the short-term EV outlook gets buffeted by subsidy cuts and demand uncertainties. Read more...
26 Sep Short US Transport Stocks as World Growth Worsens, Cantor Says Cantor Fitzgerald LP is recommending bearish trades on the U.S. transportation sector amid a deteriorating global trade landscape and worsening economic numbers. Read more...
25 Sep California Gov. Gavin Newsom Signs Heavy-Duty Truck Smog Inspection Program Bill Into Law Democratic Gov. Gavin Newsom has signed into law a bill that directs the California Air Resources Board and other state agencies to develop and implement a new smog inspection program for heavy-duty diesel on-road trucks. Read more...
25 Sep American Farmers Benefit from US-Japan Trade Agreement U.S. farmers — reeling from trade wars, low commodity prices and bad weather — are set to be the main winners from President Donald Trump’s initial accord with Japan. Read more...