18 Jan Tesla Cuts Jobs on the Road to Making an Affordable Electric Car Tesla, recognizing as imperative its ability to produce a cheaper electric car, told employees Jan. 18 that it must cut 7% of its workforce. Read more...
18 Jan US Could Soon Pump More Crude Than Saudis Can at Their Peak Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By midyear America will go one better. Read more...
18 Jan Volvo Group Venture Capital Invests in Wireless Electric Charging Volvo Group Venture Capital AB, a subsidiary of Volvo Group, announced it has invested an undisclosed amount in Momentum Dynamics Inc., which provides high-power wireless charging systems for the automotive and transportation industries. Read more...
17 Jan J.B. Hunt Reports Mixed Fourth-Quarter Results J.B. Hunt Transport Services reported mixed results in the fourth quarter of 2018, with a slump in intermodal shipments and charges related to an ongoing arbitration dispute with BNSF Railway overshadowing strong gains in its dedicated contract carriage, freight brokerage and over-the-road trucking businesses. Read more...
17 Jan Editorial: Final-Mile at the Forefront The Transportation Research Board annual meeting takes a deep dive into topics that touch every aspect of transporting goods and people. This year, discussion of final-mile deliveries was front-and-center. Read more...
17 Jan EPA’s Andrew Wheeler Gets Mixed Reviews at Confirmation Hearing Characterizations of Andrew Wheeler’s tenure as acting administrator of the U.S. Environmental Protection Agency fell mostly along party lines during his confirmation hearing to lead the agency Read more...
17 Jan Former White House Infrastructure Guru D.J. Gribbin Still Supports Streamlining WASHINGTON — D.J. Gribbin, the architect of President Donald Trump’s 2018 infrastructure proposal, touted the administration’s efforts to streamline the federal permitting process for major infrastructure projects. Read more...
17 Jan December Class 8 Sales Cap Fourth-Best Year All-Time U.S. Class 8 retail sales rose 16.7% to 26,083 in December to cap the fourth-highest sales year ever as fleets replaced older trucks and expanded amid tight capacity, strong freight demand and high rates. Read more...
17 Jan CEO Eddie Lampert’s Winning Bid for Sears Valued at $5.2 Billion Eddie Lampert’s winning bid to salvage Sears Holdings Corp. valued the bankrupt retailer at $5.2 billion, according to a statement. Read more...
17 Jan Trailer Orders Drop 40% in December as Fleets Reassess Investment Plans U.S. trailer orders plummeted to 27,800 units in December, off 40% compared with 45,802 a year earlier, reflecting lengthy backlogs and suddenly cautious fleets, ACT Research Co. reported. Read more...