08 Feb ATA President Chris Spear Testifying at Senate Infrastructure Hearing American Trucking Associations President Chris Spear appeared before the Senate Commerce Committee on Feb. 13 to outline myriad concerns within the freight industry about the country’s infrastructure. Testimony has concluded; read Spear's opening statement. Read more...
08 Feb Tesla to Cut 1,000 Jobs Starting March 20 Tesla’s Fremont factory will be the hardest hit in California by the global job cuts the electric vehicle maker announced last month. Read more...
08 Feb Trump Says Summit With Xi ‘Unlikely’ by Tariff Deadline Date President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Read more...
08 Feb Ford Investing $1 Billion in High-Profit SUV Plants Ford Motor Co. is investing $1 billion in two Chicago factories and hiring 500 workers to expand its ability to crank out high-profit sport utility vehicles, including its new Explorer. Read more...
08 Feb Venture Formed to Provide Bulk Liquids Storage, Logistics Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids. Read more...
07 Feb Forward Air Achieves Record Revenue, Profits in 4Q Forward Air Corp. turned in its best-ever fourth quarter and full year in 2018 with profits topping expectations and revenue increasing across most of its freight service lines. Read more...
07 Feb Hub Group Revenue Tops $1 Billion in Fourth Quarter Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018. Read more...
07 Feb Cummins Top Overall Supplier of Class 8 Diesel Engines in 2018 Independent engine maker Cummins Inc. supplied the most Class 8 diesel engines overall in 2018, and set a record for its heavier-displacement units used in one of the strongest years on record for new truck demand, WardsAuto.com reported. Read more...
07 Feb Polar Vortex Exposed Range Limitations of Electric Car Batteries, AAA Says DETROIT — Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40% when interior heaters are used, a new study found. Read more...
07 Feb Infrastructure Stakeholders to Congress: Fix the Highway Trust Fund Nearly a dozen stakeholders representing local governments and the freight and commuter sectors on Feb. 7 urged a House transportation panel to identify a sustainable source of funding for an infrastructure bill. Read more...