News and Events

Transportation Industry News

• Mnuchin Says There Is Still No Agreement on Fiscal Stimulus
  U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi.
• US Automakers Dig Out of Pandemic Hole as Prices Soar
  Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.
• Biden Emphasizes Infrastructure Resilience, Electrification in Debate
  Under his administration the highways of tomorrow would consist of thousands of charging stations for fleets of electric vehicles, former Vice President Joe Biden insisted during his first debate with incumbent President Donald Trump.
• Boeing Tempers Hoopla on Max’s Return After Crisis ‘Dug a Hole’
  Boeing Co. is plotting a low-key comeback for the 737 Max, the grounded jetliner that has spent almost two years engulfed in controversy and tragedy after two fatal crashes, said people familiar with the matter.
• Airlines Near 50,000 Job Cuts as American, United Feel Squeeze
  U.S. airlines are preparing to lay off tens of thousands of workers starting Oct. 1 unless they get additional federal aid, sparking a plea from Treasury Secretary Steven Mnuchin to hold off on the cuts amid signs of progress in talks with Congress.
• Knight-Swift Sets Goal to Cut Emissions in Half by 2035
  Knight-Swift Transportation Holdings Inc., North America’s largest truckload carrier, announced a goal to cut its carbon emissions in half by 2035.
• TuSimple Hires Former FMCSA Official Jim Mullen
  Jim Mullen, former acting administrator of the Federal Motor Carrier Safety Administration, has taken a position at TuSimple, a company that specializes in autonomous driving technology for trucks.
• US Senate Advances Spending Bill to Avert Oct. 1 Shutdown
  The Senate on Sept. 29 voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government.
• Coronavirus Accelerates Logistics Sector Innovations
  The DHL Logistics Trend Radar report looked at trends that could reshape logistics in the future, and are particularly focused on technology.
• Nikola Postpones Forum Where Electric Pickup Was to Debut
  Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.