Homebuilder Sentiment Gauge Rises From Three-Year Low
Sentiment among U.S. homebuilders rose for the first time in three months amid a decline in borrowing costs, a sign that housing may stabilize in the year ahead even as the industry remains in a broad slowdown.
January 16, 2019Wheels Are a Component of Fleets' Lightweighting Efforts
The cost of fuel consistently ranks among the top three expenses for trucking fleets, putting fuel economy at the top of fleet managers’ minds. Increasing fuel efficiency and consequently reducing operating expenses is a major reason fleets turn to vehicle lightweighting, especially on components such as truck wheels.
January 16, 2019Medium-Duty Sales in December Continue Upward Trend
Single-digit increases defined U.S. retail sales of medium-duty trucks in December and for the full year compared with year-ago periods, WardsAuto.com reported.
January 16, 2019State Freight Plans Don't Reflect Uniform Metrics, Expert Says
WASHINGTON — State freight plans indicate various levels of detail regarding the ways freight is discussed and measured, according to a transportation expert from Northwestern University.
January 16, 2019Sears CEO Eddie Lampert Wins Bankruptcy Auction That Keeps Company Alive
Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the rtailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.
January 16, 2019Volkswagen to Invest $800 Million, Create 1,000 Jobs at Tennessee Plant
From the Detroit auto show, Volkswagen announced this week plans to invest $800 million in its Chattanooga, Tenn., plant, expecting to create 1,000 jobs in the United States.
January 16, 2019Oaktree Capital Invests $450 Million in Rail Transportation Firm Watco
Oaktree Capital Management is investing $450 million and forming a strategic partnership with Watco Cos., a privately owned company that provides a broad range of rail transportation services in North America and Australia.
January 16, 2019Home Sales Fall in December; Price Growth at Six-Year Low
U.S. home sales slumped in December, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin.
January 16, 2019Nikola Moves Closer to Marketing Hydrogen-Electric Trucks
LAS VEGAS — Nikola Motor Co. founder and CEO Trevor Milton said two key customers — private fleet Anheuser-Busch Cos. and truckload carrier U.S. Xpress Enterprises — will begin fleet tests of Nikola’s zero-emisssions hydrogen-electric Class 8 trucks by the end of the year, as the first shoots of the necessary fueling infrastructure are emerging in Phoenix.
January 16, 2019FMCSA Says Rate of Truck-Occupant Deaths and Fatal Crashes Continues to Climb
WASHINGTON — Federal trucking regulators expressed concern over increasing numbers of large-truck-involved fatal crashes in work zones and a continuing increase in the number of fatalities of large-truck occupants.
January 15, 2019