The world on the cusp of a trade war has spooked investors, and few companies are feeling the fright more than Caterpillar Inc.
Category: News
US Growth ‘Close to a Peak’ as Trade Spat, Housing Pose Risks
The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.
Drivers Overcome Web of Regulations to Deliver Holiday Fireworks
Although they drive trucks only one to six times a year, drivers for American Pyrotechnics Association members face unique challenges related to federal transportation safety regulation.
Rep. Earl Blumenauer Pitches User Charge to Spur Infrastructure Funding
WASHINGTON — Road user charges, manifested in the form of a miles-based user fee (MBUF), are the best alternative for sustainable infrastructure funding, according to Rep. Earl Blumenauer (D-Ore.).
Commerce Secretary Wilbur Ross Denies Insider Trading
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.
VW Truck & Bus to Be Renamed Traton Group
Volkswagen Truck & Bus announced the organization will be renamed Traton Group, in what was described as a way to further increase independence from parent company Volkswagen AG and toward capital market readiness. VW Truck & Bus is a unit of V…
UPS, Teamsters Resume Contract Talks as Threat of Strike Looms
The latest round of face-to-face labor negotiations between UPS Inc. and the International Brotherhood of Teamsters was slated for the week of June 18, with the threat of a strike looming over the talks if no agreement can be reached before the current…
Volvo Sees New South Carolina Plant as Hedge Against Tariffs
When Volvo Car Group broke ground on its first U.S. assembly plant in 2015, it was a proud proof point for the Swedish automaker’s rebound and global expansion, not a chess move in anticipation of a possible trade war.
Penske Logistics to Buy Epes Transport
Penske Logistics will acquire Epes Transport System, a Greensboro, N.C., dry-van truckload and dedicated contract carriage provider, with more than 1,100 drivers. Terms were not disclosed.
Spot market remains ‘hot’ with more freight than capacity
During its most recent State of Freight webinar, FTR analysts cite both internal and external factors that will impact freight rates and capacity going forward.