18 Jan San Francisco Self-Driving Car Startup Pony.ai Raises $112 Million It’s a measure of the current frenzy surrounding self-driving cars that a year-old startup can haul in more than $100 million in its first fundraising round. Read more...
18 Jan Deep Freeze Slows Flights, Sorting at FedEx Express World Hub in Memphis A deep freeze following snow Jan. 16 continued to disrupt FedEx’s world hub in Memphis on Jan. 17, causing potential delays in package deliveries. Read more...
18 Jan CSX Executive James Foote Promises to Continue Hunter Harrison’s Vision for Railroad The new management team at CSX Inc. released improved financial results for the fourth quarter of 2017 and promised to carry out former CEO Hunter Harrison’s vision of a new, more efficient and more profitable railroad. Read more...
18 Jan EPA Proposal to Repeal Glider Kit Limit Draws Strong Battle Lines A proposal by the U.S. Environmental Protection Agency to repeal a limit on the number of glider kits built annually is shaping up to be a battle pitting independent truckers and those that would reap economic benefits from more gliders against environmentalists, new truck makers and most trucking-related trade organizations. Read more...
18 Jan North Dakota Town Rallies Around Trucking Company Lost to Fire Not even a day after an early morning fire Jan. 16 consumed semi and farm trucks whole and left just a smoldering shell of the longtime Korsmo Brothers Farms and Trucking business, a makeshift office opened and the deliveries rolled on. Read more...
18 Jan FMCSA Grants ELD Waivers to Old Dominion, MPAA The Federal Motor Carrier Safety Administration has granted Old Dominion Freight Line Inc. and the Motion Picture Association of America exemptions from hours-of-service regulations pertaining to the electronic logging device mandate. Read more...
18 Jan Jobless Claims Plunge to Lowest Tally Since 1973 U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Jan. 18. Read more...
18 Jan Amazon Narrows Field for Second Headquarters Location to 20 Amazon.com Inc. narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami and Austin, Texas, among the contenders. Read more...
18 Jan Don’t Assume the Death of NAFTA Would Be a Small Shock, Says Bank of Canada NAFTA’s about more than tariffs, Bank of Canada Governor Stephen Poloz says in a warning to avoid low-balling the impact of a potential collapse of the trade pact. Read more...
18 Jan Driver Team Bonus Bolsters Covenant's Recruiting Efforts Carriers have been increasing compensation to entice drivers to join their ranks, and one of them has developed a fresh approach to bonuses. Read more...