15 Jul Economy, Trucking Industry Roar Back Economic indicators and forecasts from economists show trucking and the U.S. economy are in the midst of a strong recovery, though concerns remain about the persistent shortage of drivers and supply chain delays. Read more...
15 Jul Uber Freight Announces LTL Expansion Uber Freight has expanded beyond truckload services and is now also offering shippers options for less-than-truckload, the company announced July 15. Read more...
15 Jul Self-Driving Startup Aurora Set to Go Public Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology Partners Y, a blank-check firm led by executives including LinkedIn co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus. Read more...
15 Jul Daimler Profit Trounces Estimates as Shortages Lift Prices Daimler AG posted far higher earnings than analysts expected by joining peers in commanding better pricing for vehicles in the midst of the global semiconductor shortage. Read more...
15 Jul Jobless Claims Fall to Pandemic Low Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, indicating that dismissals are easing as business conditions improve and firms look to increase headcounts. Read more...
15 Jul States’ Road Usage Charge Programs May Offer Model for Federal System, Experts Say Road usage charge initiatives at the state level can offer models for a federal program, which should be formulated sooner rather than later, according to experts gathered at a transportation funding event. Read more...
15 Jul Minneapolis City Council Committee OKs Amended Truck Parking Ban The Minneapolis City Council’s Transportation and Public Works Committee on July 14 voted in favor of amendments introducing gradual fines, to accompany a proposed ban on truck parking in the city. Read more...
14 Jul Toyota Tech Arm Plans Self-Driving Acquisition Spree Toyota Motor Corp.’s software and technology arm plans to embark on an ambitious hiring and acquisition spree as automakers globally jostle for pole position in the race to develop smart cars that will one day drive themselves. Read more...
14 Jul Wildfire Threat Halts Some CN Rail Traffic Again Canadian National Railway Co. told its customers on July 14 that it’s temporarily suspending operations in parts of British Columbia due to wildfires, the latest snarl to rail traffic in the region after recent track damage left thousands of cars idled. Read more...
14 Jul June Medium-Duty Sales Second-Highest in 2021 Classes 4-7 U.S. retail sales rose in June to the second-highest level of the year as they cleared 20,000 units, with all segments improving over the same period last year, WardsAuto .com reported. Read more...