17 Sep TuSimple to Use New Funds for System Development, Route Expansion Startup autonomous truck company TuSimple announced commitments from investors for an additional $120 million. These funds are part of an extended Series D round that was oversubscribed and reached a total of $215 million. Read more...
17 Sep Class 8 Sales Slide Lower in August U.S. Class 8 retail sales in August slipped to 23,466, WardsAuto.com reported, and posted the first year-over-year decline in a little more than two years. Read more...
17 Sep Auto Plant Shutdowns Fuel Canada Factory Sales Drop Sales at Canadian manufacturers declined for a second straight month, partly on shutdowns at auto and steel plants. Factory sales fell 1.3% in July, Statistics Canada reported Sept. 17 from Ottawa. That far exceeded the median forecast in a Bloomberg survey of economists, which called for a 0.1% decline. In volume terms, sales dropped 1.6%. Read more...
17 Sep Factory Output Rises More Than Forecast in Broad Gain U.S. factory output increased in August by more than forecast in a broad advance that signals manufacturing may be starting to stabilize. Read more...
17 Sep Striking GM Workers, Union Far From Agreement General Motors Co. and the United Auto Workers remain far apart in their talks over a new contract, according to the union’s top negotiator, making it less likely a strike called Sept. 15 will end within two days like a previous work stoppage did in 2007. Read more...
17 Sep Trimble Dives Deeper Into Data Analytics, Taps Langley to Lead Transportation Division HOUSTON — Trimble introduced a broad range of new software features and product enhancements designed to help fleets gain more insights from the data in their systems and collaborate more closely with their shipper customers. Read more...
17 Sep Nebraska Construction Program Focuses on Freight Movement, Flood Recovery The Nebraska Department of Transportation recently released its 2020 construction program, which includes plans for long-awaited improvements on major routes. Read more...
16 Sep FedEx Announces 2020 Rate Increases FedEx Corp. said on Sept. 16 that its customers will see shipping rate increases and surcharges effective Jan. 6, 2020. Read more...
16 Sep Diesel Sees Slight Price Increase as Analysts Study Impact of Saudi Damage Even while oil industry analysts are assessing the damage to Saudi Arabia’s oil field from an aerial attack Sept. 14, the nationwide price of diesel fuel climbed by 1.6 cents to $2.987 per gallon, according to the U.S. Department of Energy report Sept. 16. Read more...
16 Sep Amazon Falls After Report That the Company Prioritized Profit in Its Search Listings Amazon.com shares fell following a report that the e-commerce giant adjusted its product search results to emphasize items that are more profitable to the company. Read more...