Continental Sticks to Powertrain IPO Plan Amid Profit Slump
Continental AG is moving ahead with plans to carve out its powertrain division while postponing a final decision, as the German auto-parts maker adapts to the disruptive and costly shift to self-driving electric cars.
April 26, 2019Construction Groups Launch Ad Campaign Supporting Connecticut Tolls
A coalition of groups representing the building and construction industries has launched an advertising campaign in support of Gov. Ned Lamont’s plan for electronic tolling in Connecticut. Move CT Forward’s 30-second advertisement casts tolls as a more favorable fundraising option than borrowing billions of dollars, raising the fuel tax or doing nothing.
April 26, 2019Growth of 3.2% Tops Forecasts on Trade, Inventory Boost
Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.
April 26, 2019Celadon to Pay $42.2 Million After Admitting to Accounting Fraud
Celadon Group Inc. has agreed to pay $42.2 million to settle a federal investigation into allegations that a prior management team and a subsidiary company filed false and misleading statements to investors regarding tractors and trailers leased to owner-operators.
April 25, 2019Editorial: Old Man Winter Can’t Stop Freight
With quarterly earnings underway, we’re getting a look at how the industry fared during the first three months of 2019, a year which some have predicted could mark the beginning of a cooldown from last year’s red-hot freight market. Turns out the start of this year for freight haulers wasn’t marked so much by a cooldown as it was cold and snowy weather.
April 25, 2019Amazon’s Profit Surges on Cloud Computing, Advertising Gains
Amazon.com reported quarterly profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud computing, advertising and other high-margin businesses continues to pay off.
April 25, 2019Catch Them if You Can: The Soaring Business of Downing Drones
After recent incidents of drones disrupting passenger flights and costing potentially millions of pounds in revenue, a cottage industry of companies has emerged, all hoping to solve the problems caused when drones fly where they are not supposed to.
April 25, 2019Infrastructure, Funding, Nominations on Congress’ Agenda
When lawmakers return to Capitol Hill on April 29, they will look on as the leadership from the House Democrats and President Donald Trump engage in a discussion about the country’s roads and bridges, and ways to pay for improvements. Speaker Nancy Pelosi (D-Calif.) and Trump have expressed an interest in considering long-term infrastructure legislation this year.
April 25, 2019Two Trucking Associations Challenging ‘ABC’ Contractor Test in Federal Court
An association of small to medium-sized motor carriers has asked the 9th U.S. Circuit Court of Appeals to reject a decision last month by a federal district judge in California to dismiss a challenge to the so-called “ABC test,” which is used to decide if a contractor should be classified as an employee in California.
April 25, 2019Infrastructure Bill Possible With Trump, Congressional Leadership, Chamber Says
WASHINGTON — With the next round of infrastructure talks between President Donald Trump and House Speaker Nancy Pelosi expected later this month, an influential group in Washington will keep working the sidelines to get a long-term bill across the finish line.
April 25, 2019