02 Aug China Says US Tariff Threat Runs Against Trend of the Times BEIJING — China’s foreign minister said Aug. 1 that U.S. threats to hike tariffs run against the trend toward globalization and will hurt U.S. businesses and consumers. Read more...
02 Aug Trump Administration Cites Safety to Freeze Mileage Standard WASHINGTON — The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards. Read more...
02 Aug Spending on Future Tech Eats Into BMW Profits FRANKFURT, Germany — BMW’s profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1. Read more...
01 Aug XPO Logistics Posts Record Results in Second Quarter XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers. Read more...
01 Aug Pennsylvania Driver Robert Dolan Prepares for NTDC, Helps Young People Engage With Trucking Robert Dolan, a Pennsylvania-based trucker for XPO Logistics, has been a champion driver for nearly 30 years, and one of his passions is encouraging young people who may form the next generation of transportation workers. Read more...
01 Aug Companies Continue to Search Supply Chains for Conflict Minerals For the past five years, public firms across the United States have been searching out their supply chains for “conflict minerals” used to fund armed conflicts in Central Africa. Read more...
01 Aug Andrew Wheeler’s Reversal on Glider Proposal Earns Democratic Praise WASHINGTON — A recent move by the acting U.S. EPA administrator to reverse his predecessor’s order on an Obama-era rule on glider kits for trucks earned him praise from the top Democrat on the Senate Environment and Public Works Committee. Read more...
01 Aug Finale of CVSA’s Inspectors Competition Will Coincide With NTDC Awards Banquet In a few weeks, law enforcement officials from across the continent will convene in Columbus, Ohio, to participate in the Commercial Vehicle Safety Alliance’s North American Inspectors Championship. Read more...
01 Aug Fed Leaves Key Rate Unchanged With Economy 'Rising at Strong Rate’ Federal Reserve officials left the benchmark interest rate unchanged while reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace. Read more...
01 Aug Saia Follows Industry Trend With Record Earnings in 2Q In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017. Read more...