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UAW Says GM Dismissed Concessions Before Idling Cruze Plant in Ohio

Three weeks after employees at the Lordstown General Motors Co. compact car plant assembled their last Chevrolet Cruze, employees are filing into the United Auto Workers Local 1112 hall to sign up for unemployment benefits and try to figure out if they should take a transfer to another GM plant or wait it out.

March 29, 2019

Consumer Spending Misses Forecasts as Inflation Eases

U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook.

March 29, 2019

Consumer Sentiment Rose More Than First Reported in March

U.S. consumer sentiment climbed in March by more than initially reported as views grew rosier about current economic conditions.

March 29, 2019

FMCSA Updates Truckers on Parking, Drug and Alcohol Clearinghouse Issues

LOUISVILLE, Ky. — A top Federal Motor Carrier Safety Administration official updated truckers on the agency’s efforts to mitigate parking problems and the obligations for drivers as the agency moves toward implementation of the drug and alcohol clearinghouse rule.

March 28, 2019

Tight Used Truck Market Spurs Higher Prices in February

Sales of used Class 8 trucks dropped amid ongoing tight inventory in February and high demand as the average truck’s price climbed above $48,000, ACT Research Co. reported.

March 28, 2019

Is There a Truck Driver Shortage or Not? ATA Says Research Paper Made ‘Critical Errors’

The chief economist for American Trucking Associations has criticized a research paper written by a university professor and U.S. Bureau of Labor Statistics official that questioned the severity of the truck driver shortage decried by many in the industry.

March 28, 2019

Presidential Candidate Amy Klobuchar Unveils $1 Trillion Infrastructure Plan

U.S. Senator Amy Klobuchar became the first Democratic presidential candidate to release a detailed federal infrastructure plan, calling for $1 trillion in investment and putting pressure on a wide field of contenders to come up with their own proposals.

March 28, 2019

Trucking Firms Optimistic About Economy Despite Driver Shortage

LOUISVILLE, Ky. — Despite a perceived slowdown in the U.S. economy, 52% of small and medium-size carriers said they are growing and remain optimistic about business in 2019 and 2020, according to research by Bibby Financial Services of Georgia.

March 28, 2019

GDP Declines in 4Q, Reflecting Consumer, Government Spending

U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.

March 28, 2019

EPA Rushed Ethanol Plan so Trump Could Keep Pledge, Documents Show

After President Donald Trump promised Iowa voters he would unleash high-ethanol gasoline, his administration fast-tracked a plan to lift summertime restrictions on the fuel, forgoing studies of its potential price tag and hastily ending a review of the measure.

March 28, 2019