Productivity Drops on Weaker Output as Labor Costs Jump
U.S. productivity dropped in the first quarter by the most since 1947 as the economy shrank, while labor costs surged and illustrated an extremely tight job market.
May 5, 2022OPEC+ Opens Oil Taps Gradually as Russian War Roils Markets
LONDON — OPEC and allied oil-producing countries decided May 5 to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.
May 5, 2022TravelCenters Reports Higher Q1 Net Income, Revenue
TravelCenters of America Inc. reported first-quarter net income and revenue rose along with gross fuel margins.
May 5, 2022TuSimple Taps Werner for Roadside Service, Support
TuSimple has added Werner Enterprises Inc.’s roadside service network to others that will provide support to customers operating in “driver-out” SAE Level 4 autonomous mode on its Autonomous Freight Network.
May 4, 2022Fed Hikes Rates Half-Point; Powell Signals Similar Moves Ahead
The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.
May 4, 2022Eaton Posts Record Segment Margins in Q1
Power management company Eaton Corp. reported first-quarter net income and revenue rose, and it reached record Q1 segment margins, or the amount of profit or loss produced by one component of a business.
May 4, 2022Industry Reacts to FMCSA's Plans on Heavy-Truck Speed Limiters
A federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.
May 4, 2022‘Beyond Compliance’ Program Delays Challenge FMCSA
Nearly five years after it was mandated by Congress to go into effect, federal trucking regulators have yet to establish a “beyond compliance” program to offer motor carriers some sort of extra credit or reward for early adoption of safety technologies or fatigue management programs.
May 4, 2022Congressional Leaders Eye Legislation Targeting Fuel Prices
With the traditional start of the busy summer driving season fast approaching, congressional leaders are taking aim at rising gasoline prices.
May 4, 2022April Class 8 Orders Fall to 15,800
North American Class 8 vehicle orders in April hit nearly 16,000 — less than half of those a year earlier — with slots for 2022 largely filled and little consistency for when truck makers will open build slots for 2023, ACT Research reported, citing truck makers’ preliminary data.
May 4, 2022