Business

Despite persistent concerns of a worldwide economic slowdown, a new report from logistics and shipping company DHL says international trade remains strong, with only a slight decline in its overall DHL Global Connectedness Index.

The transportation construction market is expected to grow by about 5% in 2020, according to the American Road and Transportation Builders Association’s annual economic forecast. 

Commercial vehicle inspectors will not offer a “soft enforcement” grace period for truckers who have not migrated to electronic logging devices from grandfathered automatic onboard recording devices by Dec. 17, the date that full enforcement of the federal ELD rule takes effect.

General Motors Co. and its battery partner, South Korea’s LG Chem Ltd., will jointly invest $2.3 billion in a new electric vehicle battery plant to be built in Lordstown, Ohio, the same city where the automaker controversially idled and then sold a 53-year-old compact-car factory.

With the impeachment inquiry of President Donald Trump entering a new phase this month, congressional leaders continue to criticize each other over inaction on legislation to keep the federal government funded through fiscal 2020, a new trade agreement and infrastructure policy.

House Democrats said Dec. 4 that a deal on the stalled U.S.-Mexico-Canada free-trade agreement is within reach and urged Mexico to accept a compromise on labor-rights enforcement.

California’s rebate program to coax more drivers to buy electric vehicles just got less generous, especially for those looking to spend on a luxury model.

New Jersey Gov. Phil Murphy recently announced more than $161 million in municipal aid grants for hundreds of cities and towns. 

Fiat Chrysler Automobiles NV agreed to pay $29,500 in wage increases and bonuses to the typical United Auto Workers member over the next four years, according to a summary of a pact reached with the union last week.

Hankook Tire, whose commercial products are on U.S. fleets, announced the predictive model it is developing using artificial intelligence could slash in half the time it takes to develop tire compounds.