12 May Surface Transportation Board Calls for Stakeholder Comments on Rail Carriers’ Invoices A federal transportation agency is requesting comments on a proposal to include additional information with rail carriers’ invoices. Read more...
12 May YRC Worldwide Posts Q1 Profit on Reduced Revenue YRC Worldwide Inc. swung to a profit in the first quarter, but revenue dipped and the less-than-truckload carrier warned that after gaining a waiver this year, it might not be able to stay in compliance with one of its loan covenants a year from now. Read more...
12 May April Class 8 Sales Fall by Nearly 50% Class 8 U.S. retail sales in April plunged 47.4% as freight demand plummeted amid the novel coronavirus pandemic, WardsAuto.com reported. Read more...
12 May China Steps Up US Soybean Buying With Million-Ton Purchase China is stepping up purchases of soybeans from the U.S. as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter. Read more...
12 May Boeing Sees April Pass With Zero Airliner Orders Boeing Co. failed to sell a single commercial airplane and saw orders for 108 planes canceled in April as a sharp drop in air travel erased any demand among airlines for new jetliners. Read more...
12 May Airlines Granted More Flight Cuts as Consumer Complaints Surge Struggling U.S. airlines will get more freedom to stop flying to some U.S. cities amid scant demand from passengers who’ve filed thousands of complaints to U.S. regulators about carrier refund policies, the Transportation Department said May 12. Read more...
12 May Perspective: Crisis Reveals Strength of Industry While the supply chain may have bent at the beginning of the coronavirus crisis, it did not break — and that was due to the dedication, hard work and coordination of many trucking companies, truck drivers, mechanics, dockworkers and others who met the challenge head-on. Read more...
12 May Oil’s Scenario of Exhausted Storage Starts to Fade While the global oil market remains in a dire situation, it’s starting to look like the nightmare scenario envisioned for the past month might just be averted. Read more...
12 May Core Consumer-Price Index Fell by Most on Record in April A key measure of U.S. consumer prices declined in April by the most on record as travel and apparel spending collapsed during the coronavirus pandemic. Read more...
12 May North Carolina Extends Expiration Dates for Licenses, Registrations The North Carolina Division of Motor Vehicles will extend license and registration expiration dates for more than two dozen credentials, including those that apply to truck drivers, in accordance with Gov. Roy Cooper’s COVID-19 relief package. Read more...