12 Mar VW Boosts EV Push to 22 Million Cars as Porsche, Audi Slip Volkswagen AG aims to produce almost 50% more electric cars than it targeted previously, boosting a bet that has already strained profit margins. Read more...
12 Mar Trump Budget Proposal Includes Cut in Crop Insurance Subsidies President Donald Trump’s “I LOVE YOU!” tweet to farmers is facing another challenge: Budget cuts that will slash subsidies for crop insurance and small growers. Read more...
12 Mar XPO Deploys New Labor Productivity Technology XPO Smart XPO Logistics Inc. announced the launch of a labor productivity system for XPO Smart, its technology suite of optimization tools, according to a March 12 news release. Read more...
12 Mar Daseke Extends Run of 70% Revenue Growth to Five Straight Quarters Daseke Inc. reported March 9 that fourth-quarter revenue increased to $447 million from $257.2 million in the same period last year. The flatbed and specialized carrier said it represents the fifth consecutive quarter that year-over-year revenue growth has exceeded 70%. Read more...
12 Mar US Small Business Optimism Improves, Ending Five-Month Skid Optimism among small companies in the United States improved in February, snapping a five-month losing streak that was the longest in two decades on brighter views of future conditions. Read more...
12 Mar Proposed Legislation Seeks a Mandate for Heavy Trucks to Install Side Underguards — Again Companion bipartisan bills have been reintroduced in the U.S. Senate and House that call for a new regulation that would require trucks weighing more than 10,000 pounds to install side underride guards and ensure that rear guards meet an upgraded specified performance standard. Read more...
12 Mar Old Dominion to Open Six Service Centers in First Half of Year Old Dominion Freight Line Inc. will open or remodel six service centers in the first half of 2019, the company said in a news release. Read more...
12 Mar Kentucky Officials Start Seasonal Eradication of Noxious Weeds Kentucky Transportation Cabinet officials have begun their yearly process of treating noxious weeds that spring up alongside roads. Read more...
12 Mar National League of Cities Offers Guide on User Fee Programs Local leaders interested in testing programs that assess a fee to those using their roadways now have a guide. The National League of Cities published on March 11 its report “Fixing Funding by the Mile: A Primer and Analysis of Road User Charge Systems,” which makes the case that states and cities should explore such fundraising mechanisms. Read more...
12 Mar XPO Logistics Terminates COO Ken Wagers XPO Logistics has terminated Chief Operating Officer Ken Wagers, a high-profile former Amazon executive hired less than a year ago, according to an XPO filing with the Securities and Exchange Commission on March 11. Read more...