13 Sep China’s ‘Uber-for-Trucks’ Breaks Even En Route to IPO China’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sectorwide downturn. Read more...
13 Sep Retail Sales Rise Moderately as Auto Buying Jumps WASHINGTON — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales. But there also were signs that consumers have become more cautious. Read more...
12 Sep Volvo Improves Braking, Detection With Updated Driver Assist System DUBLIN, Va. — Volvo Trucks North America introduced an updated version of its driver assistance system that increases the speed from which the brakes can stop the truck without driver input, and which improves the system’s recognition of when the driver switches lanes to avoid a vehicle in its path. Read more...
12 Sep Amazon to Open Hub for Air Delivery in Fort Worth Amazon is bringing its latest hub for air delivery to Fort Worth. Read more...
12 Sep Trump Advisers Consider Interim China Deal to Delay Tariffs Trump administration officials have discussed offering a limited trade agreement to China that would delay and even roll back some U.S. tariffs for the first time in exchange for Chinese commitments on intellectual property and agricultural purchases, according to sources. Read more...
12 Sep Walmart Rolls Out Grocery Delivery Subscription NEW YORK — Walmart is rolling out a grocery delivery subscription service this fall as it races to gain an advantage in the competitive fresh food business. Read more...
12 Sep DHL Opens Chicago Innovation Center CHICAGO — Chicago’s long history as a transportation and logistics hub is one of the reasons DHL North America selected the city for its third Innovation Center worldwide. The Americas Innovation Center, which opened Sept. 12, showcases technologies that already have provided significant productivity increases. Read more...
12 Sep Walmart Testing a Fulfillment Service for Vendors to Match Amazon Walmart Inc., looking to generate more profit from its online unit, wants to start storing and shipping products for third-party vendors for the first time, just as rival Amazon.com Inc. has done for years. Read more...
12 Sep US, China Exchange Goodwill Gesture Ahead of Trade Talks WASHINGTON — The United States and China traded conciliatory gestures, raising hopes they can de-escalate a standoff over trade that has shaken financial markets and cast gloom over the global economy. Read more...
12 Sep ACT Forecasts Imminent Slowdown in Class 8, Trailer Production For those still wondering about the state of the commercial vehicle market in the United States, ACT Research during a webinar Sept. 11 delivered a forecast that conditions continue to deteriorate and that pullback in build rates for heavy-duty trucks and trailers is “imminent.” Read more...