Ford Motor Co. and Volkswagen AG announced the signing of a Memorandum of Understanding (MOU) to potentially develop commercial vehicles as part of a strategic alliance.
Transport stocks excluding bulk maritime carriers largely unaffected by tariffs; Port of LA getting new container terminal; Boeing and Ford threatened by Chinese tariffs; new autonomous shipping joint venture announced; commercial driving schools see low enrollment; a guide to Tesla’s guidance.
It is a curse to have everything go right on your first attempt.
The only group of employees in C.R. England’s 8,000-plus workforce that is part of a union has voted to decertify Teamsters Local 705. Drivers in C.R. England’s Chicago Intermodal division, which represented less than 1% of the company’s employees, voted on Sept. 20 to leave the union.
Ford is following that of other automakers and investing in electrification and connectivity. The company also said it would redirect $7 billion from car production to increase SUV and truck production.
The U.S. Senate is set to pass a self-driving vehicle bill, and like similar legislation in the U.S. House passed early in September, it excludes commercial vehicles. The Senate bill will not include vehicles larger than 10,000 pounds, Reuters reported.
Truck tonnage rose in August and driver turnover jumped in the second quarter according to the latest data from the American Trucking Associations.
Following years of complaints from the trucking industry that carriers are unfairly penalized for crashes that are not the driver’s fault, FMCSA is launching a 2-year demonstration program that allows carriers to dispute the findings of a crash.
