25 Aug 11 More Indicted in Staged Accidents With Trucks in New Orleans A federal grand jury in New Orleans has returned a second round of indictments in an ongoing investigation of individuals staging automobile accidents with tractor-trailers, charging 11 people on seven fraud counts in connection with two incidents from 2017. Read more...
25 Aug US Consumer Confidence Slumps to Six-Year Low on Job Views U.S. consumer confidence dropped in August to the lowest since 2014 as consumers soured on employment and business conditions, indicating Americans are becoming despondent amid persistently high joblessness. Read more...
25 Aug Mercedes-Benz to Discontinue Freightliner Sprinter Van Mercedes-Benz AG announced the Freightliner Sprinter van will be discontinued and all retail sales completed by Dec. 31. Read more...
25 Aug Hurricane Laura Set to Slam US Energy Coast Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19. Read more...
24 Aug Nikola’s Trevor Milton Beseeches Investors to Use Warrants or Lose Them Electric-vehicle startup Nikola Corp. is urging stragglers to exercise their right to buy shares, the deadline for which has been extended until 5 p.m. Aug. 25. Read more...
24 Aug Diesel Price’s Virtual Holding Pattern Continues For the second week in a row, the price of diesel remained essentially flat compared with the prior week, dipping just one-tenth of a cent to $2.426 a gallon. Read more...
24 Aug DeJoy Says Trump Attacks on Mail-in Ballots ‘Not Helpful’ WASHINGTON — Postmaster General Louis DeJoy told lawmakers Aug. 24 that he has warned allies of President Donald Trump that the president’s repeated attacks on mail-in ballots are “not helpful,” but denied that recent changes at the Postal Service are linked to the November elections. Read more...
24 Aug Hendrickson Acquires Two Stemco Business Segments Hendrickson announced it acquired the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco, which in June reported it is refocusing resources on its core wheel-end and king pin product lines. Read more...
24 Aug Kansas DOT Unveils Transportation Technology Program The Kansas Department of Transportation recently introduced a new program to support projects that use technology to improve mobility and safety. Read more...
24 Aug Trump’s Arctic Oil Drilling Plan Will Be Tested in Court Environmentalists and Alaska natives are challenging the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, arguing the government gave short shrift to the impact on polar bears and the region’s other wildlife. Read more...