04 Dec Cerberus to Acquire 70% Interest in Navistar Defense Cerberus Capital Management, an investment firm specializing in credit, private equity and real estate, will acquire 70% interest in Navistar Defense, according to a Dec. 3 press release. Read more...
04 Dec No Rejoicing at US Farms Until Trump Trade Truce Pays Off U.S. farmers are pleased that President Donald Trump and Xi Jinping agreed to a trade truce, but they’re not rejoicing just yet. That won’t come until they see ships full of their soybeans headed to China. Read more...
04 Dec Postal Service Will Suspend Delivery Dec. 5 to Honor Late President Bush The United States Postal Service won’t be delivering mail Dec. 5 as part of the national day of mourning for the late former President George H.W. Bush. Read more...
04 Dec Amazon Expands Air Division in Illinois ROCKFORD, Ill. — Amazon announced plans Dec. 3 to expand its Amazon Air operation at the Rockford airport. Read more...
04 Dec G-20 Summit Brings Two Significant Trade Developments for Trucking Industry Steps taken by the Trump administration at last week’s G-20 summit in Buenos Aires, Argentina, could have significant effects for the trucking and port industries as the president continues to revamp global trade policy for the United States. Read more...
03 Dec Diesel Drops 5.4¢ to $3.207 The U.S. average retail price of diesel dropped 5.4 cents to $3.207 a gallon, the U.S. Energy Information Administration reported Dec. 3, as crude oil prices fluctuated but remained below $55 per barrel. Read more...
03 Dec Opinion: How the DRIVE-Safe Act Could End the Driver Shortage The persistent truck driver shortage is the industry’s top overall concern — and for good reason. Read more...
03 Dec Capitol Agenda for the Week of Dec. 3: The Year of Infrastructure Weeks? Turn on a cable news show, and a federal lawmaker (most likely an incoming freshman) or a veteran pundit will declare that next year we’ll live each week as if it were “Infrastructure Week.” Until then, here's the week ahead for trucking on Capitol Hill. Read more...
03 Dec Two Digital Freight Brokers Focus on Price Transparency for Shippers Digital freight brokers Convoy and Uber Freight have separately launched new tools intended to make pricing options for hauling loads more transparent for shippers. Read more...
03 Dec Trump Aide Kudlow Calls for End of Electric Vehicle Subsidies President Trump’s top economic adviser on Dec. 3 said the White House wants to end subsidies for electric vehicle purchases, without saying how it would eliminate the incentives that were created by Congress. Read more...