28 Feb ZF in Takeover Discussions With Wabco Commercial vehicle supplier Wabco Holdings Inc. announced it has been approached by ZF Friedrichshafen AG and has “engaged in preliminary discussions concerning a potential transaction.” Read more...
28 Feb BMW, Daimler Team on Automated Driving Technology FRANKFURT, Germany — BMW and Daimler announced Feb. 28 they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo. Read more...
28 Feb US Economic Growth Slows to 2.6% Rate in 4Q WASHINGTON — The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6%, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in the current quarter. Read more...
28 Feb Cyprus: ExxonMobil Finds Third-Biggest Gas Deposit in Two Years NICOSIA, Cyprus — ExxonMobil has made the world’s third-biggest gas find in the past two years off the cost of Cyprus, the country’s government said Feb. 28. Read more...
28 Feb FMCSA’s Ray Martinez Urges Carriers to Convert AOBRDs to ELDs DALLAS — Ray Martinez, the head of the Federal Motor Carrier Safety Administration, urged carriers to complete the trucking industry’s transition to electronic logging devices and expressed optimism about the potential to add flexibility to driver hours-of-service rules. Read more...
28 Feb Transport Topics Launches Daily Briefings on Smart Speaker Platforms Transport Topics now offers a daily news briefing available each weekday morning via smart speaker devices, such as Amazon Echo and Google Home. Read more...
27 Feb House Transportation Leader DeFazio Offers Infrastructure Legislation Road Map Speaking to reporters at a conference hosted by the American Association of State Highway and Transportation Officials on Feb. 27, Rep. Peter DeFazio (D-Ore.) explained that his committee would most likely tackle infrastructure policy via two paths. Read more...
27 Feb Transportation Secretary Elaine Chao Addresses Autonomous Tech, Infrastructure at AASHTO Briefing WASHINGTON — Widespread adoption of autonomous vehicle technologies depends largely on public trust, according to Transportation Secretary Elaine Chao. Autonomous technology can take a variety of forms in transportation, from lane-departure warning systems and automated brakes to truck platooning. Automated technologies have, however, raised public concern over security and privacy. Read more...
27 Feb Freight Forwarder Flexport Receives $1 Billion Investment From SoftBank SoftBank Vision Fund, along with several partners, has invested $1 billion in Flexport Inc., a full-service air and ocean freight forwarder, according to Flexport’s blog. Read more...
27 Feb Driver Retention Boosted by Recognition, Opportunity, Experts Say SAN DIEGO — Creative methods for recruiting new hires and recognizing existing drivers’ efforts can help commercial fleets keep their vehicles’ seats filled, experts said here during the Lytx User Group Conference. Read more...