Musk Sets Low Bar for SpaceX's Falcon Heavy Rocket Launch
Feb.05 -- Space Angels CEO Chad Anderson discusses the upcoming launch of SpaceX's larger and more powerful Falcon Heavy rocket and the market for private launchers on "Bloomberg Technology."
Skyworks Stock Pops On Earnings Beat, Strong Guidance
Skyworks Solutions, Inc. (SWKS) just released its fist-quarter 2018 financial results, posting adjusted earnings of $2.00 per share and revenues of $1.05 billion.
Better Buy: NVIDIA Corp. (NVDA) vs. Texas Instruments (TXN)
Both chipmakers are in great shape right now, with great growth potential ahead.
DOT Digs into Data on Driver Detention
DOT has taken issue with how FMSCA plans to collect data on driver detention. Photo: Dept.of Transportation
">A newly released Department of Transportation audit report finds that the Federal Motor Carrier Safety Administration's current plan to collect data on driver detention is insufficient to the point that any such data collected “may not accurately describe how the diverse trucking industry experiences driver detention, which would limit any further analysis of [detention's] impacts.”
As a result of the audit, the DOT Office of Inspector General is calling for FMCSA to “collaborate with industry stakeholders to develop and implement a plan to collect and analyze reliable, accurate, and representative data on the frequency and severity of driver detention times.”
The report states that FMCSA has “concurred” with the recommendation of the DOT OIG that the agency should “improve future plans for collection of data on driver detention.” OIG also notes that the agency's position on driver detention is that “shippers and carriers should address the issue among themselves without Government intervention because detention is primarily a market efficiency problem.”
After detailing what else it finds at fault with FMCSA's current approach to quantifying this issue, the report wraps up sternly: “….does not plan to standardize, validate, or analyze the data it intends to collect beyond publication of basic summary statistics. Consequently, FMCSA's efforts are unlikely to advance understanding of the scope and effects of driver detention.”
The report adds that DOT's estimates of the effects of increases in “dwell time relied on dwell time data from 2013. Still, the magnitude of our estimates indicates that detention time is costly and increases safety risks.”
FMCSA Responds in Detail
In an appendix to the DOT report, FMCSA Deputy Administrator Cathy Gautreaux contends that “given the limitations of current data sources identified by OIG, it would be premature to draw any ...Read the rest of this story
Trucking appears healthy despite record stock market tumble
Here are the biggest one-day point drops in the Dow's history
The Dow fell 1,175.21 points, the largest one-day point drop in history. Previous large one-day drops include several days during the financial crisis, and the first trading day after the September 11, 2001 terror attacks. The stock market took a tumble Monday afternoon, with the Dow Jones industrial average briefly dropping over 1,500 points.
Delta is copying Southwest's boarding system with 'zone lines' — and some customers hate it (DAL)
In March, Delta began testing a new boarding system at select airports where passengers line up behind pillars that indicate their boarding group. The system was designed to make the boarding process more efficient, but it's been making some passengers more stressed out. When Delta puts too many people in one boarding group, it makes other passengers worried that the plane will run out of space for carry-on items before they board, and increases the odds that passengers will become hostile.