21 Feb Nissan Downgraded on Weak Profit Outlook Nissan Motor Co. took another hit as the automaker’s debt rating was cut on concerns the next two years will be marked by slowing sales and a preoccupation with cleaning up after the scandal involving Carlos Ghosn. Read more...
21 Feb US Tariffs Could Wreak Havoc on Auto Industry, Toyota President Says Toyota Motor Corp. President Akio Toyoda called on President Donald Trump to make a “careful and appropriate decision” on whether car imports to the United States are a national security threat, and potentially impose tariffs, to avoid possible ripple effects across the industry. Read more...
21 Feb US, China Crafting Foundation for Trade Deal, Source Says U.S. and Chinese negotiators are working on multiple memorandums of understanding that would form the basis of a final trade deal, according to a person briefed on the talks. Read more...
21 Feb Omnitracs Partners With Red Hat to Develop Fleet-Management Technology Omnitracs has formed a partnership with Red Hat, a major provider of open-source, cloud-based software, to accelerate the development of its fleet-management technology. Read more...
21 Feb YRC Freight Asks Federal Judge to Dismiss Government's False Claims Lawsuit Attorneys for YRC Freight Inc. have asked a federal judge to dismiss a U.S. Department of Justice civil lawsuit alleging that the company overcharged the federal government on shipments, stating that the plaintiff has failed to build a sufficient case despite years of investigation. Read more...
21 Feb U.S. Xpress Opens Unique Driver Training Center Truckload carrier U.S. Xpress has opened a driver training center in Tunnel Hill, Ga., that is unlike any other. Read more...
20 Feb Amazon to Disclose More Details on Environmental Impact Amazon.com announced it will disclose its carbon footprint later this year, giving consumers and investors new insight into the environmental cost of its popular two-day shipping. Read more...
20 Feb FMCSA Grants Exemption From Flag Rule for Stinger-Steered Auto Haulers The Federal Motor Carrier Safety Administration has granted a limited five-year exemption to relieve motor carriers operating stinger-steered automobile transporter equipment from a requirement to place warning flags on projecting loads of new motor vehicles. Read more...
20 Feb PHMSA Issues Rule Requiring Oil Spill Response Plans for Flammable Trains The Pipeline and Hazardous Materials Safety Administration has issued a final rule that requires railroads to develop and submit comprehensive oil spill response plans for route segments traveled by high-hazard flammable trains. Read more...
20 Feb Walmart Slips as Yet Another Overseas Obstacle Materializes In India, an unfavorable e-commerce ruling is likely to crimp the growth for Walmart Inc. In China, the retailer says an economic slowdown has shoppers tightening their purse strings. And now in the U.K., a deal to reduce Walmart’s exposure to the slowing market there is on life support. Read more...