03 May UPS, Teamsters Finalize New Five-Year Labor Contract UPS Inc. and an estimated 255,000 members of the International Brotherhood of Teamsters are now working under a new five-year agreement that brings labor stability to the Atlanta-based shipping giant. The contract took effect on April 29 after workers in Michigan ratified the last outstanding supplemental agreement. Read more...
03 May Why are America’s Best Fleets Choosing Drivewyze? Drivewyze has reinvented weigh station bypass. With better technology and twice the service coverage, now’s the right time for your fleet to be powered by Drivewyze. Find Out Why. Read more...
02 May Minnesota Senate Strikes Proposed Fuel Tax Hike A proposed 20-cent hike to the fuel tax did not survive the scrutiny of the Minnesota Senate, which passed a transportation finance bill May 1. Read more...
02 May Schneider Reports Lower 1Q Income, Higher Revenue Schneider National Inc. reported lower first-quarter net income and slightly higher revenue as its truckload unit faltered. Read more...
02 May Intermodal Shipments Fall, but International Volumes Increase First-quarter total intermodal volumes fell 1.5% year-over-year after posting strong growth in 2018, according to the Intermodal Association of North America’s Intermodal Market Trends & Statistics report. Read more...
02 May HOS Updates Expected Soon, but Could Be Long Road, Experts Say The regulatory journey of federal hours-of-service rules is approaching an important turning point as June 7, the scheduled release date for the Department of Transportation’s proposal on policy changes, draws nearer. Read more...
02 May Dana Posts Record Sales in First Quarter, but Net Income Dips Dana Inc. reported record first-quarter sales for 2019, seeing a 5% increase to $2.16 billion, compared with $2.14 billion in the year-ago period, according to a company news release. Read more...
02 May VW Creates Buzz Before EV Launch Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block. Read more...
02 May First-Quarter Productivity Rises 3.6% in Fastest Pace Since 2014 Productivity gains in the United States accelerated by more than expected last quarter to the fastest pace since 2014, adding fuel to the Trump administration’s argument that its tax cuts are boosting the economy without stoking inflation. Read more...
02 May Tesla to Raise $2 Billion to Counter Cash Drain Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after CEO Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining. Read more...