Commodity Shipping Costs Fall 99.95% After Coronavirus Slams Market
The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight, reflecting consequences for raw materials, including iron ore, that are carried by sea.
January 31, 2020Coronavirus Emergency Declared; WHO Downplays Trade Impact
The World Health Organization declared the coronavirus outbreak that started in China a global emergency Jan. 30 after the number of cases worldwide spiked more than tenfold in a week.
January 30, 2020UPS-Waymo Partnership to Start in Near Future
UPS and Waymo announced Jan. 29 a pilot program for autonomous vehicle package pickup in Phoenix.
January 30, 2020Grounded Jet Sends Boeing to First Annual Loss in Two Decades
Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.
January 29, 2020House Democrats Outline Five-Year, $760 Billion Infrastructure Proposal
WASHINGTON — House Democrats’ attempt at transforming the country’s Eisenhower-era transportation system came in the form of a five-year, $760 billion proposal that would necessitate input from the president to ultimately fund major programs.
January 29, 2020Tailgate Problems Prompt Ford F-150 Recall in Canada, but not US
Ford is recalling its popular F-150 pickup truck in Canada to fix a problem with electric tailgate latches, but identical trucks aren’t being recalled in the U.S.
January 29, 2020Senator, USDOT Officials Highlight Rural Transportation Needs
The next set of guidelines Congress approves for the country’s highway programs must improve roadways across rural corridors, Nebraska Republican Sen. Deb Fischer said during a Commerce Committee hearing Jan. 28.
January 29, 2020FMCSA Announces Two-Year Delay of Its Entry Level Driver Training Rule
The so-called Entry Level Driver Training rule — originally set to go into effect Feb. 7 — is delayed until Feb. 7, 2022, the Federal Motor Carrier Safety Administration announced Jan. 29 in an interim final rule.
January 29, 2020$135 Million Settlement Approved in Navistar MaxxForce Engines Lawsuit
A federal judge in Chicago has granted final approval of a $135 million settlement between a court-certified class of an estimated 45,000 plaintiffs and Navistar Inc. in connection with the truck maker’s troubled model year 2011-2014 MaxxForce engines.
January 28, 2020Chassis Provider FlexiVan to Merge With American Intermodal Management
I Squared Capital acquired a majority stake in FlexiVan Leasing Inc., the private equity firm said. As a result, the company said it is merging FlexiVan with American Intermodal Management.
January 28, 2020