22 Mar Teamsters, YRC Strike Tentative Deal on Labor Contract Representatives of YRC Worldwide and the Teamsters union have reached a tentative agreement on terms of a new labor contract and agreed to extend the current agreement through May 31 to finalize a deal. Read more...
22 Mar US Exports Competitive in NAFTA Countries While Losing Ground in China The prices U.S. producers get for their exports in Latin America and Canada rose this year, relative to the cost of goods imported to the United States, the Bureau of Labor Statistics said March 21. At the same time, prices for American-made goods sold in China and Japan fell. Read more...
22 Mar Spring Floods Threaten Most of Continental US The deluge that devastated so much of the Midwest over the last week could be a preview for one of the worst years for flooding in the United States, according to federal weather officials. Read more...
22 Mar Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality A.P. Moller-Maersk A/S is about to conduct the shipping industry’s biggest test yet of biofuel as it seeks to cut emissions and meet its target of becoming carbon-neutral by 2050. Read more...
22 Mar Trump Says China Deal ‘Close’ Ahead of New Talks President Donald Trump said March 22 that a trade deal with China is close as he prepared to send his negotiators to Beijing for a fresh round of talks next week, but U.S. officials downplayed the prospect of a swift conclusion. Read more...
22 Mar Yilport Said to Be in Talks for $2 Billion California Terminal Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said. Read more...
22 Mar Soft Demand Expected for Tesla Model 3 Until Price Drops Demand for Tesla Inc.’s Model 3 sedan is expected to remain soft in the United States until the release of the lower-priced $35,000 model next quarter, Cowen analyst Jeffrey Osborne said. Read more...
22 Mar Oil Falls From Four-Month High on Concerns of Economic Slowdown Oil fell from its highest closing level in four months in New York as signs of a slowing global economy stirred concerns about fuel demand. Read more...
21 Mar Editorial: Mining Data to Cover More Miles The importance of mining repair data for information that can help improve the performance of motor carriers’ equipment was a continuous message during presentations at the annual meeting of the Technology & Maintenance Council of American Trucking Associations recently from companies across the spectrum of industry suppliers. They either introduced or updated products designed to wring more efficiencies out of freight operations. Read more...
21 Mar New TMC Chairman Kenneth Calhoun Aims to Bolster Technician Recruiting, Training Advancing the Technology & Maintenance Council’s efforts to address the trucking industry’s technician shortage and enhancing education and training for entry-level workers are among the top priorities for Kenneth Calhoun, the council’s new general chairman and treasurer. Read more...