26 Sep Walmart Receives Outside Interest in JetBlack Unit Walmart Inc. is weighing the future of JetBlack, a pet project of its online chief that was the first business to emerge from its internal incubation arm. Read more...
26 Sep ATA’s Costello Optimistic About Trucking Industry Economy, With One Exception WASHINGTON — The spot market is suffering a decline in activity this year, but contract business and the promise of improving trade negotiations between the United States and China are helping to keep the freight market on steady ground, said the chief economist of American Trucking Associations. Read more...
26 Sep Trailer Orders Fall for Fourth Straight Month U.S. trailer orders in August bounced along below 11,000 units for the fourth consecutive month and were 72% lower than a year earlier, according to ACT Research, amid near-record factory inventories of undelivered trailers, plus plentiful cancellations. Read more...
26 Sep GM Reverses Course, Says Strikers Will Keep Health Coverage DETROIT — General Motors now says striking workers will get company-paid health insurance, nine days after telling the union that coverage would be cut off. Read more...
26 Sep Long-Term Mortgage Rates Fall; 30-Year at 3.64% WASHINGTON — U.S. long-term mortgage rates fell this week following a sharp rise the week before, making September the most volatile month for the key 30-year loan since March. Read more...
26 Sep Average Used Class 8 Price Falls for First Time Since January 2018 The price of the average used Class 8 truck sold in August fell year-over-year for the first time in 20 months as inventory piled up, ACT Research reported. Read more...
26 Sep FHWA Says New Highway Project Rule Encourages Use of Innovative Materials The Federal Highway Administration has issued a final rule that it said will provide greater flexibility for states to use proprietary or patented materials in federal-aid highway projects. Read more...
26 Sep DeFazio: House Transportation Panel Likely to Take Up Highway Bill Early Next Year WASHINGTON — The transportation committee in the U.S. House of Representatives is likely to consider a long-awaited highway bill early next year, Rep. Peter DeFazio, the chamber’s top transportation policymaker, said in an exclusive interview with Transport Topics. Read more...
26 Sep FMCSA Issues $77 Million in Grants Supporting Truck Safety, Driver Training The Federal Motor Carrier Safety Administration announced more than $77 million in grants to states and training institutions to improve commercial motor vehicle safety. Read more...
26 Sep US Economy Grew at Modest 2% Rate in Q2 The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll. Read more...