11 Aug Consumer Prices Rose in July but at Slower Pace WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households. Read more...
11 Aug FMCSA to Streamline Household Goods Moving Regulations The Federal Motor Carrier Safety Administration has announced plans to update regulations for transportation of household goods to reduce costs for movers and mitigate the growing problem of fraud in consumer moves. Read more...
11 Aug Eaton Profits, Revenue Soar in Q2 Eaton Corp. reported second-quarter net income and revenue surged while segments margins set a record for the quarter. Read more...
11 Aug July US Trailer Orders Hit Lowest Level of 2021, FTR Reports U.S. trailer orders in July slid some more, barely clearing 8,000 units and setting a new low point of this cycle, FTR reported. Read more...
11 Aug Proposed USPS Surcharges May Mean Mail Will Cost More This Holiday The U.S. Postal Service on Aug. 10 announced it is seeking temporarily higher rates for packages during the 2021 holiday season. Read more...
11 Aug Uber-Backed Joby Goes Public on the Promise of Air Taxis by 2024 Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors. Read more...
11 Aug Amazon-Backed Rivian in Talks for $5 Billion Texas Plant Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc., is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News. Read more...
10 Aug Trucking Industry Legend Frank Beelman Jr. Dies at 100 Frank Beelman Jr., a trucking executive and military combat veteran decorated with the Silver Star Medal, died Aug. 4 in his hometown of St. Libory, Ill. Read more...
10 Aug Nikola Adds Alta Equipment Group to Dealer Network Nikola Corp. announced it added Alta Equipment Group to its emerging dealer network for its heavy-duty battery-electric and hydrogen fuel cell trucks, which are under development. Read more...
10 Aug Industry Applauds Senate Passage of $1 Trillion Bill to Modernize US Transportation Legislation aimed at modernizing the country’s mobility networks, freight corridors and transit systems gained approval in the U.S. Senate on Aug. 10. Read more...