The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.
August 7, 2019Search
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ARTBA Promotes Schapker to VP Role
Lauren Schapker recently was tapped to play a key role in the American Road and Transportation Builders Association’s efforts to advance its national agenda.
August 7, 2019Trump’s Bid to Ease Auto Rules Would Hike Fuel Costs, Study Says
President Donald Trump’s plan to freeze U.S. vehicle efficiency standards would hike costs for motorists without doing anything to boost highway safety, according to an analysis by Consumer Reports that undermines the administration’s chief talking points in favor of the move.
August 7, 2019Sears, Kmart to Close 26 More Stores in US in October
The Sears store culling isn’t over. The struggling retailer will shutter 26 more of its large-format Sears and Kmart stores in late October, it announced on its website. Any of the locations with auto centers will close those divisions in late August, it said.
August 7, 2019Swift to Pay CRST $15 Million in Damages Over Driver Recruiting
A lawsuit CRST Expedited Inc. filed against Swift Transportation Co. that alleged Swift “poached” drivers was one of three such challenges CRST has lodged against competitors, but is so far the only one that has resulted in a financial penalty.
August 6, 2019Missouri DOT Names Jerica Holtsclaw Motor Carrier Services Director
Missouri Department of Transportation official Jerica Holtsclaw has been named director of the agency’s Motor Carrier Services division.
August 6, 2019Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble
Now more than ever, Workhorse looks more like Lordstown’s lottery ticket than a savior to be taken seriously. While it’s hard to imagine at this juncture the company having the capital needed to get GM’s factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.
August 6, 2019FMCSA Renews Vision Waivers for Commercial Drivers
The Federal Motor Carrier Safety Administration agreed to allow 126 drivers to operate trucks along interstates after it provisionally renewed their exemptions from a vision requirement.
August 6, 2019Consumers Gauge Inflation Better Than Economists, CBO Finds
A new Congressional Budget Office research paper showing consumer price expectations better gauged the future direction of inflation than economists’ forecasts over two decades through 2018.
August 6, 2019Economic Adviser Larry Kudlow Says US Still Expects China for September Trade Talks
President Donald Trump’s top economic adviser, Larry Kudlow, said the United States still expects Chinese negotiators to come to Washington for another round of trade talks in September, even after the two nations escalated their trade war.
August 6, 2019