29 Apr Sam Graves Calls for Bipartisanship Amid Infrastructure Talks Reacting to President Joe Biden’s first address to a joint session of Congress, Sam Graves, the top Republican on the U.S. House of Representatives’ transportation committee, called on Democrats to pursue a bipartisan approach to legislating. Read more...
29 Apr Economy Accelerated at Robust 6.4% Rate Last Quarter WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. Read more...
29 Apr Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies. Read more...
28 Apr Appeals Court Rules California Can Enforce AB 5 A three-judge panel of the 9th U.S. Circuit Court of Appeals has rejected a lower court’s preliminary injunction that blocked the immediate implementation of California’s Assembly Bill 5 law, which motor carriers have claimed would make use of independent contractors next to impossible. Read more...
28 Apr US Goods-Trade Deficit Widens to Fresh Record in March The U.S. merchandise-trade deficit widened to a new record in March as the value of imports surged to a fresh high. Read more...
28 Apr Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue. Read more...
28 Apr New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27. Read more...
28 Apr Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern. Read more...
28 Apr Average Used Class 8 Price in March Is Third-Highest Ever The average used Class 8 truck in March brought the third-highest price ever as demand rages on and supply is very tight, ACT Research reported. Read more...
28 Apr NextEra Plans to Harness Landfill Gas to Make Renewable Fuel NextEra Energy Inc. and OPAL Fuels plan to capture methane from a Minnesota landfill to produce renewable natural gas, adding to a series of projects seeking to cash in on the energy source while helping cut greenhouse-gas emissions. Read more...