26 Feb Housing Starts Decline to Two-Year Low in December U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets. Read more...
26 Feb Teamsters: Jack Cooper Workers at Ford Plant in Louisville Won’t Be Laid Off Four hundred twenty-five union workers at the Ford Truck Plant in Louisville, Ky., who were told Feb. 20 they were being laid off April 21, will not be out of work, according to a Teamsters union leader who spoke with Transport Topics. Read more...
26 Feb Home Depot Falls as Sales Outlook Slows and Housing Starts Lose Steam Home Depot Inc. shares fell on Feb. 26 after the retailer said sales gains will start to cool off this year — mirroring a trend in the U.S. housing market. Read more...
26 Feb ASCE Releases Report Cards for Two States, One Region in February Kentucky, Vermont and Northeast Ohio received infrastructure report cards from the American Society of Civil Engineers, showing grades that were at or below average. Read more...
26 Feb Virginia Passes Law Aimed at Mitigating Wait Times for CDL Testing The Virginia Legislature passed a law that will allow the state’s private commercial driver training schools and community colleges to hire third-party commercial driver license testers to help reduce skills-testing delays. Read more...
26 Feb Opinion: Using Predictive Analytics for More Efficient Supply Chains Logistics companies depend greatly on accuracy, timeliness and efficiency to meet distribution and customer demands. The use of predictive analytics, however, is changing the game for this industry because of its ability to determine real-time patterns, track data and anticipate these demands to streamline operations. Read more...
25 Feb Diesel Climbs 4.2¢ to $3.048 a Gallon The U.S. average retail price of diesel rose 4.2 cents to $3.048 a gallon, according to the Department of Energy, as crude prices dropped amid pressure from President Donald Trump to keep the price of oil low. Read more...
25 Feb Colorado Paves Way to Lower Interstate Trucking Age Limits Colorado Gov. Jared Polis signed into law a bill that will open interstate trucking opportunities to people between the ages of 18 and 21 — as soon as federal law allows such activity. Read more...
25 Feb Roadie Raises $37 Million, Pushing Overall Funding to $62 Million Roadie, an on-the-way delivery service with the nation’s largest local same-day footprint, said it has raised $37 million in funding from The Home Depot, Warren Stephens and TomorrowVentures, among others, officials announced Feb 25. Read more...
25 Feb Wabtec Merger Complete as Strike Threat Hangs Over GE Plant The merger of GE Transportation, one of the original business units of the General Electric Co., and Westinghouse Air Brake Technologies Corp. is complete as of Feb. 25. Read more...