General Motors Co. and Fiat Chrysler Automobiles NV reported hefty sales declines for the big trucks they’re overhauling this year, a troubling sign for a lucrative segment that’s held up well as the broader U.S. auto market shrinks.
Category: News
Jobless Claims Drop to Lowest in Almost Five Decades
U.S. filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed March 1.
DOT Secretary Chao: Deregulation, innovation protection remain key
In AASHTO speech, transportation secretary says updated autonomous vehicle guidance will be issued by August.
Motiv Power debuts EPIC all-electric chassis for trucks and buses
The new EPIC all-electric chassis will be on exhibit at Ford’s booth at The Work Truck Show in Indianapolis from March 7-9.
Chao Hints Document Will Flesh Out Infrastructure Plan
WASHINGTON — Transportation leaders should look forward to a document coming out in the next few days that will provide additional details about President Donald Trump’s infrastructure plan, according to Transportation Secretary Elaine Chao.
Self-Driving Firm Aurora Innovation Lands $90 Million Investment
Aurora Innovation’s 2018 is off to a booming start. The self-driving car company with offices in Pittsburgh and Silicon Valley started the year announcing partnerships with Hyundai and Volkswagen.
FreightCar America Acquiring Navistar Rail Facility
FreightCar America is moving to acquire the railcar operations of Navistar, Inc. in Cherokee, Ala.
DTNA’s Nielsen expresses ‘high hopes’ for 2018
DTNA president and CEO Roger Nielsen discusses projections for 2018 market, lists major goals for the year.
Analysis: Trump’s Infrastructure Plan Killed By His Own Party
Bloomberg’s Ari Natter and Mark Niquette report that Senate Majority Whip John Cornyn doesn’t think there will be time for his chamber to consider infrastructure this year.
DAT: Flatbed spot rates up for third week in a row
The national average rate for flatbed spot loads increased for the third straight week, according to data compiled by load board operator DAT Solutions. The firm added that the load-to-truck ratio in the flatbed spot market increased to 70-to-1 durin