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Updated: 1 hour 22 min ago

Insured Losses from Helene Expected to Reach $6.4 Billion

Wed, 10/02/2024 - 16:05
The assessment includes damage to privately insured automobiles as well as residential, commercial and industrial properties and the impact of business interruption.

Why Biden Says He Won't Invoke Taft-Hartley in Port Strike

Wed, 10/02/2024 - 14:00
According to the Congressional Research Service, about half the time that presidents have invoked Section 206 of Taft-Hartley, the parties worked out their differences.

Freightliner Teases Debut of Fifth Generation Cascadia

Wed, 10/02/2024 - 13:01
Freightliner teased an Oct. 15 unveiling of a revamp of its flagship Class 8 on-highway Cascadia model Oct. 1.

Toyota Boosts Investment in Air Taxi Maker Joby Aviation

Wed, 10/02/2024 - 12:12
Toyota is boosting its investment in air taxi manufacturer Joby Aviation by $500 million to support plans for commercial production, bringing its total investment to $894 million.

Stellantis’ US Sales Plunge in Sign of Deepening Strains

Wed, 10/02/2024 - 11:43
Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.

FMCSA Targets Falsified ELD Records in New Approach

Wed, 10/02/2024 - 11:18
A fatal December 2022 crash in Virginia put a fresh spotlight on fraud, when a truck driver falsified ELD records to exceed the 11-hour driving limit.

Businesses Weigh Fallout From Dockworkers Strike

Wed, 10/02/2024 - 10:37
As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.

DB Schenker Sale Faces Decisive Vote

Wed, 10/02/2024 - 10:03
Deutsche Bahn AG’s planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.

Oil Flows Slump for Fourth Straight Month

Wed, 10/02/2024 - 09:44
The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.

Tesla Posts First 2024 Quarterly Increase in Deliveries

Wed, 10/02/2024 - 09:24
Low-interest financing, sweet lease deals, price cuts and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker.

Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead

Wed, 10/02/2024 - 08:45
As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.

Chip Firms Monitor Quartz Supplies After Hurricane Hits Mines

Wed, 10/02/2024 - 08:22
Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines.

US Imposes Duties on Solar Imports from Southeast Asia

Tue, 10/01/2024 - 14:16
The determination marks an early victory for domestic panel makers who say cheap imports harm their operations and threaten investments meant to cultivate a U.S. solar supply chain.

Congress to Finalize Transportation Funds After Elections

Tue, 10/01/2024 - 12:54
When lawmakers return to Washington after the November elections, their priority will be finalizing bills to fund operations at the U.S. Department of Transportation and other agencies.

Hurricane Devastates Cotton Crops Just Before Harvest

Tue, 10/01/2024 - 12:06
Cotton growers are facing devastating losses and delays from Hurricane Helene just as harvest was beginning, marking the latest blow to profits in an already weak market.

Manufacturing Activity Contracts for a Sixth Straight Month

Tue, 10/01/2024 - 10:21
U.S. manufacturing activity shrank in September for a sixth month, reflecting weak orders and declining employment.

Permian Gas Starts Flowing Via Matterhorn Pipeline in Texas

Tue, 10/01/2024 - 09:50
Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian Basin.

Dockworkers Hit the Picket Lines

Tue, 10/01/2024 - 09:09
PHILADELPHIA — Dockworkers at ports from Maine to Texas began walking picket lines early Oct. 1 in a strike over wages and automation.

Auto Sales Likely to Pick Up as Rates Fall

Tue, 10/01/2024 - 08:42
Sluggish car sales are expected to pick up later this year once the U.S. presidential election is over and the Fed’s recent reversal on interest rates starts to ease financing costs.

Traton Views Higher Margin on Electric Trucks, US Expansion

Tue, 10/01/2024 - 08:18
Traton SE is targeting slightly higher returns in the coming five years by expanding in North America and selling more higher priced electric trucks.

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