04 Apr Trump Threatens Car Tariffs on Mexico Over Drug Flow Across Border President Donald Trump retreated from threats to immediately close the border with Mexico over migration, instead abruptly pivoting April 4 to a new demand: that the Mexican government stop the flow of illegal drugs into the U.S. within a year or face car tariffs. Read more...
04 Apr Carmakers Sell More to Rental Companies as Retail Demand Weakens Stronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume. Read more...
04 Apr XPO Logistics to Launch Enhanced Last-Mile Capabilities Online XPO Logistics Inc. will launch expanded last-mile capabilities on its XPO Connect digital freight marketplace, company officials said. Read more...
04 Apr Jobless Claims Fall to 49-Year Low, Below All Forecasts Filings for U.S. unemployment benefits unexpectedly fell, dropping to the lowest since December 1969, as the labor market tightened further. Read more...
04 Apr Investors Leery of Sharp Downturn in Labor Market Investors were on edge a year ago for signs the U.S. labor market was overheating. Now they’re primed for the opposite. Read more...
04 Apr Tesla Plunges as Delivery Drop Deepens Demand Concerns Tesla Inc. shares plummeted as a record decline in deliveries during the first quarter stoked concern of slackening demand for the Model 3 sedan that started selling less than two years ago. Read more...
04 Apr Tech Investor Iconiq Buys Majority Share of Truckstop.com A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service. Read more...
04 Apr Investment Firm Regains Ownership of GlobalTranz GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the company’s aggressive growth strategy. Read more...
04 Apr FMCSA to Drivers: Don’t Overthink Personal Conveyance Time LOUISVILLE, Ky. — Some truck drivers still are grappling with the definition of personal conveyance time. They shouldn’t be, according to a top executive for the Federal Motor Carrier Safety Administration. Read more...
03 Apr Crash Not Your Fault? FMCSA Says Soon It Won't Hurt Your CSA Score LOUISVILLE, Ky. — Beginning in August, the Federal Motor Carrier Safety Administration plans to make permanent a demonstration program that allows truck crashes in which the driver was not at fault to be listed as “not preventable” in Compliance, Safety Accountability program scores. Read more...