18 Feb Oil Stalls After Rosneft Sanctions Offset Virus-Led Demand Fears Oil ended the session Feb. 18 flat after U.S. sanctions on Russia’s largest oil producer helped to erase losses driven by lingering concerns that coronavirus will cut demand. Read more...
18 Feb Rep. Sam Graves Highlights Push to Streamline Permitting Process Policies aimed at expediting the permitting process related to big-ticket infrastructure projects would enhance connectivity along freight and commuter networks, Rep. Sam Graves, the top Republican on the House transportation panel, recently indicated. Read more...
18 Feb Nikola’s Badger Pickup Truck Touts 600-Mile Range Nikola Corp. announced a plan to build an electric pickup truck called the Nikola Badger with a maximum range of 600 miles at a yet-unnamed truck maker’s manufacturing facilities and with the other truck maker’s certified parts. Read more...
18 Feb DOT’s Elaine Chao Announces $8.9 Million in Grants for Tribal Nations Transportation Secretary Elaine Chao recently announced that $8.9 million in grant funding will be dedicated to improving highway safety in tribal lands. Read more...
18 Feb Port Association Critical of Proposed Funding Cuts American Association of Port Authorities is criticizing President Donald Trump’s fiscal 2021 budget because of what the association says are the cuts to funding for the nation’s ports. Read more...
18 Feb January Tonnage Up 0.8% Compared to 2019 Truck tonnage on a seasonally adjusted basis rose 0.8% in January compared with year-ago levels, according to American Trucking Associations’ For-Hire Truck Tonnage Index, which was released Feb. 18. Read more...
18 Feb January Medium-Duty Sales Mixed Medium-duty sales in January dropped 10.4% compared with a year earlier, but were saved from a more severe overall decline by strong gains in the lighter two classes as sales in Classes 6-7 slumped, WardsAuto .com reported. Read more...
18 Feb Technological Disruptions Bring Risk for Fleets A systemwide update to GPS technology last year gave the trucking industry and other sectors a glimpse into how large-scale technological malfunctions can cause broad-based problems for businesses, but small-scale issues can be just as disruptive, experts said. Read more...
18 Feb Amazon Cuts Ties With Couriers, Costing Jobs Amazon .com Inc. is severing ties with small delivery firms around the country — putting at least 1,300 drivers out of work — in an effort to eliminate partners that aren’t meeting its standards. Read more...
18 Feb WTO: Slump in Global Goods Trade to Deepen With Coronavirus Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization. Read more...