16 Jan Medium-Duty Sales in December Continue Upward Trend Single-digit increases defined U.S. retail sales of medium-duty trucks in December and for the full year compared with year-ago periods, WardsAuto.com reported. Read more...
16 Jan State Freight Plans Don't Reflect Uniform Metrics, Expert Says WASHINGTON — State freight plans indicate various levels of detail regarding the ways freight is discussed and measured, according to a transportation expert from Northwestern University. Read more...
16 Jan Sears CEO Eddie Lampert Wins Bankruptcy Auction That Keeps Company Alive Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the rtailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions. Read more...
16 Jan Volkswagen to Invest $800 Million, Create 1,000 Jobs at Tennessee Plant From the Detroit auto show, Volkswagen announced this week plans to invest $800 million in its Chattanooga, Tenn., plant, expecting to create 1,000 jobs in the United States. Read more...
16 Jan Oaktree Capital Invests $450 Million in Rail Transportation Firm Watco Oaktree Capital Management is investing $450 million and forming a strategic partnership with Watco Cos., a privately owned company that provides a broad range of rail transportation services in North America and Australia. Read more...
16 Jan Home Sales Fall in December; Price Growth at Six-Year Low U.S. home sales slumped in December, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin. Read more...
16 Jan Nikola Moves Closer to Marketing Hydrogen-Electric Trucks LAS VEGAS — Nikola Motor Co. founder and CEO Trevor Milton said two key customers — private fleet Anheuser-Busch Cos. and truckload carrier U.S. Xpress Enterprises — will begin fleet tests of Nikola’s zero-emisssions hydrogen-electric Class 8 trucks by the end of the year, as the first shoots of the necessary fueling infrastructure are emerging in Phoenix. Read more...
15 Jan FMCSA Says Rate of Truck-Occupant Deaths and Fatal Crashes Continues to Climb WASHINGTON — Federal trucking regulators expressed concern over increasing numbers of large-truck-involved fatal crashes in work zones and a continuing increase in the number of fatalities of large-truck occupants. Read more...
15 Jan State DOT Leaders Urge Federal Action on Long-Term Infrastructure Funding WASHINGTON — Congress and the White House should focus on crafting a long-term highway bill over the next year that would ensure certainty in funding for big-ticket projects around the country, a group of state transportation leaders said Jan. 15. Read more...
15 Jan Dana Reports Higher Sales in Preliminary 2018 Results Commercial vehicle supplier Dana Inc. announced preliminary 2018 financial results that included higher revenue, and higher earnings before interest, taxes, depreciation and amortization. Read more...