19 Sep US Steel Stock Takes Hit, Earnings Estimates Missed U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell. Read more...
18 Sep Panelists Stress Aftertreatment System Maintenance at TMC Meeting RALEIGH, N.C. — As trucks become more complex and high-tech, so, too, do the repairs and maintenance systems, experts said Sept. 18 at the fall meeting of American Trucking Associations’ Technology & Maintenance Council. Read more...
18 Sep Ports Post Record Volume as Holiday Season Begins Major U.S. seaports posted growth in containerized cargo volume for August, the start of the season when retailers begin importing holiday merchandise. Read more...
18 Sep Federal Reserve Cuts Rate .25% Federal Reserve policymakers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that’s holding up well. Read more...
18 Sep Trump Says He Will Strip California’s Clean-Car Authority President Donald Trump said he will revoke California’s authority to regulate greenhouse gas emissions from autos, confirming a widely-anticipated move that will escalate the ongoing dispute between his administration and California. Read more...
18 Sep DOT Announces $60 Million in Grants for Automated Projects The U.S. Department of Transportation has announced $60 million in awards to research groups and state departments of transportation that are exploring projects related to vehicle automation. Read more...
18 Sep IANA Honors BNSF’s Steve Branscum, CCM’s Mike Wilson LONG BEACH, Calif. — Steve Branscum, retired group vice president for BNSF Railway, and Mike Wilson, CEO of Consolidated Chassis Management, have received Silver Kingpin Awards from the Intermodal Association of North America during Intermodal Expo 2019 on Sept. 16. Read more...
18 Sep Imelda Moves Inland, Dumping Inches in Texas Imelda is threatening to dump up to 18 inches of rain in parts of Southeast Texas and southwestern Louisiana as the tropical depression moves inland over the next few days. Read more...
18 Sep Intermodal Industry Faces Uncertainties After Strong 2018 LONG BEACH, Calif. — After a banner year in 2018, the intermodal industry is being challenged by a variety of issues, but it remains resilient despite uncertainties. Read more...
18 Sep GM Makes Concessions on Big-Ticket Employee Health Care As GM was nearing the expiration of its labor contract with the union last week, the carmaker sought to have hourly workers pay 15% of their health care costs, according to sources familiar with the talks. But by the time the company presented UAW with a deadline offer, GM walked back the proposal and called for keeping contributions steady at about 4%, said the sources. Read more...