18 Oct China’s Economic Slowdown Deepens, Weighing on Global Growth BEIJING — China’s economic growth sank to a new multidecade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy. Read more...
18 Oct Transfix Launches Two Load Options for Carriers Digital freight-broker Transfix announced two updates to its platform: My Lanes, a product that recommends freight based on carrier preferences; and Reserved Loads, which it referred to as the industry’s first exclusive-access freight program for “exceptional” carriers. Read more...
18 Oct IMF, World Bank Leaders Appeal for End to Trade Wars WASHINGTON — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries Oct. 18 to resolve widening disagreements on trade and other issues, warning that the divisions threatened to make the consequences of a global slowdown even worse. Read more...
18 Oct Volvo Reports Modest Gains in Q3 Net Income, Revenue Volvo Group reported a marginal increase in net income and a modest bump in revenue in the third quarter, citing slowing markets for trucks, construction equipment, and marine and industrial engines. Read more...
18 Oct Russia’s Yandex Joins the Self-Driving Car Million-Mile Club Yandex NV, Russia’s largest internet firm, said its self-driving cars have passed 1 million miles in fully autonomous driving since it started testing the technology in December 2017, joining an elite group in the emerging robotaxi industry. Read more...
18 Oct Volvo Braces for 2020 Slump as Truck Orders Hit the Brakes Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand. Read more...
18 Oct GM Workers Stay on Strike as Members Vote on New Contract The United Auto Workers will continue striking against General Motors Co. until a tentative deal is ratified by members, extending its walkout for at least another week. Read more...
18 Oct Former GE Executive Aris Kekedjian Appointed to XPO Logistics Board Transportation and logistics giant XPO Logistics has announced the appointment of Aris Kekedjian, a longtime GE executive, to its board of directors. Read more...
17 Oct Marten Transport’s Net Income up 8.7% as Revenue Hits High Marten Transport saw record revenues lead to an 8.7% increase in net income, up to $16.6 million, from $15.3 million in the third quarter of 2018, according to an earnings report released Oct. 17. Read more...
17 Oct West Coast Ports Show Early Signs of Slowdown Due to Tariffs While the holiday shipping season is keeping import volume steady for some of the nation’s busiest ports, executives are raising concerns about the long-term effects an extended trade battle with China could have on exports, and business overall. Read more...