15 Apr EV Maker Polestar Raises $550 Million From New Investors Polestar, the electric carmaker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., has raised $550 million from new investors to help fund its growth. Read more...
15 Apr State Jobless Claims in US Fall to Lowest Since March 2020 The number of applications for U.S. state unemployment benefits plummeted last week to the lowest since the pandemic began, indicating the labor market continues to thaw as governments lift restrictions on business and activity picks up. Read more...
15 Apr Key Congressional Republican Calls for Bipartisan Highway Bill As federal policymakers prepare to consider comprehensive highway policy legislation in the coming weeks, the top Republican on the U.S. Senate transportation committee reiterated calls for bipartisanship. Read more...
14 Apr March Trailer Orders Hit 29,500, Triple a Year Earlier North American trailer orders for March hit 29,500, more than triple the volume compared with a year earlier, ACT Research reported. Read more...
14 Apr TMC Study Group Continues to Craft Guidance for ADAS Training Progress is underway for guidance documents for advanced driver assistance systems, according to a Technology & Maintenance Council study group. Read more...
14 Apr Historic Golf Course Closer to Becoming Trucking and Warehouse Facility A historic golf course in the Chicago suburbs is one step closer to becoming a trucking and logistics and warenhouse complex. Read more...
14 Apr To Retain Workers, Walmart Moves More of Them Full Time NEW YORK — Walmart is moving more of its workers full time, with the goal of having two-thirds of its U.S. store hourly jobs be full time with more consistent work schedules by early next year. Read more...
14 Apr Medium-Duty Sales Rise 36.7% in March, Led by Class 5 U.S. retail sales of Classes 4-7 trucks in March climbed 36.7% compared with a year earlier, riding the surge in demand in Class 5, WardsAuto .com reported. Read more...
14 Apr Senators Working on Infrastructure Alternative Utah Republican Mitt Romney said April 14 a group of senators is in the “early stages” of discussing a potential counterproposal to President Joe Biden’s $2.25 trillion infrastructure and spending plan that would be more narrowly focused and less expensive. Read more...
14 Apr XPO’s Brad Jacobs Assesses Economy, Trucking in Shareholder Letter XPO Logistics Chairman and CEO Brad Jacobs tells shareholders in a letter why he thinks the U.S. economy is primed for a big rebound. Read more...