07 Jun US Payrolls, Wages Cool as Trade War Weighs on Economy U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth. Read more...
06 Jun Not a PR Stunt: GM Still Hopes to Sell Lordstown Plant to Workhorse General Motors CEO Mary Barra said June 5 that the company still hopes to sell its Lordstown, Ohio, assembly plant to Workhorse Group, an electric-vehicle start-up, although questions have been raised about that company’s financial wherewithal. Read more...
06 Jun Cost of Diesel Likely to Go Up Once Tariffs Begin to Hit Mexico President Donald Trump’s threat to impose a 5% tariff on Mexican products June 10 unless he is satisfied the Mexican government has done enough to slow the surge of immigrants into the United States is likely to raise the price of diesel. Read more...
06 Jun Diesel Prices Likely to Go Up Once Tariffs Begin to Hit Mexico President Donald Trump’s threat to impose a 5% tariff on Mexican products June 10 unless he is satisfied the Mexican government has done enough to slow the surge of migrants into the United States is likely to raise the price of diesel. Read more...
06 Jun FMCSA Delays Public Release of HOS Proposed Rule The long-anticipated Federal Motor Carrier Safety Administration hours-of-service proposed rule has been delayed from its original release date of June 7. Read more...
06 Jun Significant Upward Changes in Trucker Pay Continue A persistent driver shortage, near full employment and a favorable freight market last year have contributed to a “significant change” in the pace of pay increases in the first quarter of 2019, according to the National Transportation Institute. Read more...
06 Jun Mexico Tariff Would Have ‘Significant’ Negative Impact, Ford Says Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage. Read more...
06 Jun Congress’ ‘Problem Solvers’ Tackle Infrastructure Policy Although President Donald Trump and Congressional Democrats hit the pause button on infrastructure policy discussions earlier this year, a bipartisan group of policymakers opted to press ahead with a plan of action of its own. Read more...
06 Jun GSA to Assess Environmental Impact of Proposed Border Facility Project The General Services Administration intends to study the environmental impact of a project that would involve the construction of inspection facilities geared toward truck and bus traffic moving across the U.S.-Mexico border. The project is a partnership with the Federal Motor Carrier Safety Administration. Read more...
06 Jun Amazon Poised to Test Drone Deliveries Powered by Artificial Intelligence Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. Read more...