12 Aug Pony.ai Reportedly Seeks Funds at $8 Billion Value Amid Listing Halt Pony .ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company put its U.S. listing plans on hold, according to people familiar with the matter. Read more...
12 Aug Senate Confirms NTSB Chairwoman Jennifer Homendy Jennifer Homendy was recently confirmed by the U.S. Senate to become the National Transportation Safety Board’s chairwoman. Read more...
12 Aug FMCSA Asks 14,000 Medical Examiners to Post Missing Results Six months after a critical DOT inspector general audit, federal regulators are asking an estimated 14,000 medical examiners to submit the missing results of truck driver exams they conducted during the seven months the National Registry was offline. Read more...
12 Aug Biden Team Seeks Ways to Address Rising Energy Prices WASHINGTON — President Joe Biden’s administration is moving at home and abroad to try to address concerns about rising energy prices slowing the nation’s recovery from the pandemic-induced recession. Read more...
12 Aug Jobless Claims Near Pandemic Low as Economy Strengthens WASHINGTON — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand. Read more...
12 Aug Lawsuit Could Delay Replacement for Aging Postal Fleet The delivery of new USPS trucks set for 2023 could be delayed. Read more...
12 Aug Wholesale Prices Rise in July WASHINGTON — Inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month, and dimming hopes that the upward trajectory of prices would begin to slow. Read more...
12 Aug IEA Cuts Oil Demand Outlook on Virus The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022. Read more...
11 Aug Detroit Supplies Most Class 8 Engines Overall in 2021 First Half Detroit, the engine brand of Daimler Trucks North America, supplied the most Class 8 engines in North America during the first half of this year, nudging past independent engine maker Cummins Inc. by 1,299 units or 1 percentage point. Read more...
11 Aug July Class 8 Sales Are Second-Lowest of 2021 Class 8 retail sales in July neared 17,000 and improved 16.3% compared with a year earlier, but landed at the year’s second-lowest level, WardsAuto .com reported. Read more...