OPEC and its allies will stick to their slow pace of oil-production increases, disregarding President Joe Biden鈥檚 demand to go faster.
November 4, 2021GovernmentBusiness
US Productivity Falls Most Since 1981
Productivity in the U.S. fell by the most since 1981 in the third quarter, reflecting a sharp pullback in economic growth and an increase in hours worked.
November 4, 2021GovernmentBusinessTechnologyEquipment
Nikola Expects $125 Million Penalty From SEC
Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company鈥檚 founder, Trevor Milton, defrauded investors.
November 4, 2021GovernmentBusinessLogistics
Freight Stakeholders Seek Supply Chain Action From Biden
WASHINGTON 鈥 American Trucking Associations joined nearly 100 freight stakeholders in calling on President Joe Biden to amplify his administration鈥檚 response to ongoing supply chain woes nationwide.
November 3, 2021GovernmentBusinessTechnologyEquipment
FMCSA: Sunset of 3G Networks Could Impact ELD Tech Specifications
Federal trucking regulators are warning truckers that mobile carriers are shutting down their 3G networks as early as next year to make room for more advanced network services, including 5G.
November 3, 2021GovernmentBusinessTechnologySafety
Cyber Official Warns 鈥楢merican Way of Life鈥 at Risk From Hackers
A top U.S. cybersecurity official offered a dire warning to members of Congress Nov. 3, saying the 鈥淎merican way of life鈥 faces serious risks amid the drumbeat of ransomware attacks and physical threats to the nation鈥檚 critical infrastructure.
November 3, 2021GovernmentTechnology
Saia Posts Record Revenue in Q3
Strong freight demand helped less-than-truckload carrier Saia Inc. report record third-quarter revenue, profits and operating ratio.
November 3, 2021GovernmentBusinessTechnology
Fifty Years in Idle Time Seen for Trucks at Two Major US Ports
Trucking trips originating around the country鈥檚 busiest ports are showing massive increases in idle time, another sign of the supply chain logjams plaguing American transport hubs.
November 3, 2021GovernmentBusinessLogistics
CMA CGM Near Deal to Buy California Terminal Operator
CMA CGM SA, one of the world鈥檚 largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion.
November 3, 2021GovernmentBusinessSafetyPerspective
Perspective: It鈥檚 Time to Tell Our Stories
Being part of an association is about getting involved, and one of the easiest ways to get involved with a group is to tell your story. I think about that because the story of my journey to becoming chairman of American Trucking Associations isn鈥檛 all that different from most of your stories.
November 2, 2021