12 Aug Uber CEO Threatens Future Shutdown in California Over Labor Law Dara Khosrowshahi, CEO of Uber Technologies Inc., threatened to temporarily shut down service in California if it loses a drawn-out fight over a state law seeking to reclassify contractors as employees. Read more...
12 Aug Planning Expert Emphasizes Health Considerations in Public Policy Public agencies at all levels of government, including the ones related to transportation, should incorporate health considerations into policy decisions, a planning expert said. Read more...
12 Aug Hyperion to Unveil Hydrogen-Powered Supercar, but Needs Investors With little more than sketches and not fully baked prototypes, a crowd of electric vehicle startups have rounded up billions from investors. Can that fundraising engine drive a hydrogen-powered car? Read more...
12 Aug Trucking Fares Better Than Overall Economy, Experts Say The trucking and freight economy appears to be doing better than the overall U.S. economy as fleets adjust to contend with supply chain changes caused by the COVID-19 pandemic. Read more...
12 Aug Mnuchin Pushes for Limited Stimulus as Stalemate Persists Treasury Secretary Steven Mnuchin renewed a push for a more limited next-round U.S. pandemic relief package of “a little more than $1 trillion” on Aug. 12, saying that Democratic demands for spending more could be discussed down the road. Read more...
12 Aug FMCSA Extends Emergency Relief Declaration to Sept. 14 The Federal Motor Carrier Safety Administration has again extended its emergency declaration relaxing hours-of-service rules for motor carriers that are providing direct assistance in support of coronavirus-related relief efforts. Read more...
12 Aug Tesla Splits Stock to Make Lofty Shares Attainable Again Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker. Read more...
12 Aug Inflation Quickened in July on Costs of Vehicles, Apparel U.S. consumer prices rose in July by more than expected on a jump in auto and apparel costs, though inflation remained broadly muted as the pandemic suppressed demand. Read more...
11 Aug Cummins, Navistar Extend Engine Partnership Independent engine maker Cummins Inc. and Navistar International Corp. announced Cummins will be the preferred supplier of Navistar’s medium-duty and heavy-duty big bore engines in its International trucks and IC buses in the U.S. and Canada. Read more...
11 Aug Occidental’s Lone Rig Shows Downfall of Permian Basin Oil Giant Occidental Petroleum Corp. will have just a single oil rig in the Permian Basin in the second half of the year, illustrating the scale of the shale industry’s pullback and the company’s debt woes. Read more...