Pairing professional truck drivers’ skills behind the wheel with automated systems designed to help prevent crashes is a win-win for the trucking industry, says Jason Palmer, chief operating officer of SmartDrive Systems.
The rise of urbanization is forcing the trucking industry to reexamine its business practices as there are major transformational shifts currently affecting the heavy-duty truck market.
Amazon’s explosive growth and e-commerce domination, which has contributed to its expansive transportation and logistics footprint around the globe, is the subject of a second book by Brad Stone.
After a brief hiatus, technology pioneer Anthony Levandowski has reappeared on the autonomous vehicle scene, but has dialed back his initial vision for driverless trucks in favor of a new safety system designed to assist drivers behind the wheel.
Former Falcon Transport executives allege that financial mismanagement and a poorly negotiated contract with General Motors led to the company’s abrupt closure on April 27.
Releasing its earnings before the market open on May 2, Dana Inc. (NYSE: DAN) reported a drop in net income, which was $98 million in the first quarter of 2019, down from $108 million compared with the same three months of 2018.
Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the first quarter of 2019.
Paccar (NASDAQ: PCAR) reported record revenues and net income for the first quarter of 2019, beating analysts’ estimates on April 30.
Former truck drivers and employees of Falcon Transport of Youngtown, Ohio, admit there were warning signs that the company was experiencing financial problems, but few said they expected the company to cease operations abruptly on Saturday, April 27, stranding truckers hauling loads without working fuel cards or further instructions.
Truck drivers for the flatbed truckload carrier, Falcon Transport of Youngstown, Ohio, said they received emails late April 27 stating the company was shuttering operations effective immediately.
Richmond, Virginia-based Estes Express Lines has submitted a $15 million bid to buy two affiliates of bankrupt New England Motor Freight – Eastern Freight Ways Inc. and Carrier Industries Inc. – on April 26.
Canadian trucking company Bison Transport acquired all of the intermodal assets of Indianapolis, Indiana-based Celadon Group Inc. on April 26.
Despite lower net income and revenue in the first quarter of 2019, Daimler AG (DAI.XE) reported on April 26 that it expects to see slight earnings and revenue growth for the year.
USA Truck (NASDAQ: USAK) posted its most profitable first quarter results since 2006 on April 25. The quarter is now the seventh straight quarter of profitability.
The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.
Rush Enterprises (NASDAQ:RUSHA) reported strong first quarter 2019 revenues of nearly $1.34 billion on April 24, up 8.7 percent from $1.24 billion compared with the previous year.
Chattanooga, Tennessee-based U.S. Xpress Enterprises, Inc. announced on April 22 it has created a new division, U.S. Xpress Ventures, and has appointed Cameron Ramsdell as president.
Volvo Trucks North America recalled 14,009 2018-2020 VNL and VNX heavy-duty trucks because the adhesive bond between the glass and hinge of the sleeper bunk window may detach and fall from the vehicle.
Thor Trucks announced it is changing its name to XOS on April 18 after settling a trademark infringement lawsuit with the maker of recreational vehicles with a similar name, Thor Industries Inc., in January.
J.B. Hunt blames its earnings and revenue shortfall on weak intermodal freight volumes, harsh winter weather and concerns about possible tariffs on Chinese imports in its first quarter earnings report on April 15.
Marten Transport posted its best-ever first-quarter operating revenue, operating income and net income in the company’s 74-year history in the first quarter of 2019, the company said in its April 16 earnings release.
J.B. Hunt’s earnings and revenues fell short of analysts’ expectations in the first quarter of 2019, causing its stock to drop 4 percent at the end of trading on Monday, April 15.
For months, members of a Facebook group named Black Smoke Matters (BSM) have been calling for an industry-wide shutdown to bring national attention to what the group says is government overreach.
Approximately 9,000 inspectors in North America will be checking to ensure trailer underride guards meet federal regulations as part of CVSA’s annual International Roadcheck blitz scheduled for June 4-6.
Motor carriers may want to double-check the condition of their trailers’ rear impact guards before hitting the highways in early June.
Birmingham, Alabama-based McLeod Software has launched its new TopMatch technology, aimed at digitally pairing brokers and logistics providers with the best carriers to haul their freight.
KeepTruckin has announced plans to launch a first-of-its-kind load-matching platform that uses data collected from its electronic logging devices, or ELDs, to help match small-business carriers with available freight.
March orders for new trucks in the medium-duty weight segment dropped 32 percent compared with the same month in 2018.
Xtra Lease announced it will invest more than $300 million to buy more than 10,000 trailers in 2019, the company’s largest capital investment in over-the-road trailers in a single year.
March orders for new trucks in the heaviest Class 8 weight segment plummeted 66 percent compared with the same month in 2018.
Navistar recently recalled more than 24,000 International model heavy-duty trucks due to a possible defect that could cause the exhaust tail pipe to fall off the vehicles while they are moving.
Canadian trucking company Bison Transport acquired H.O. Wolding Inc., or HOW, a 320-truck dry van fleet headquartered in Amherst, Wisconsin, on April 1.
The average price of a Class 8 used truck sold in February was $48,173, nearly 15 percent higher than the same month a year ago when trucks were selling for $41,995, according to ACT Research.
College students interested in supply chain and logistics from 14 schools across the country competed in the first-ever FreightTech Innovation Case Challenge Competition this weekend in Chattanooga, Tennessee.
Daimler Trucks is buying a majority stake in Torc Robotics, another play in the company’s efforts to expand its presence in the self-driving commercial vehicle market.
German automobile and commercial vehicle technology supplier ZF Friedrichshafen plans to acquire rival Wabco for $7 billion, the companies announced Thursday.
Daimler Trucks North America is recalling more than 3,300 heavy-duty Freightliner Cascadia trucks because of a potential air bag glitch in the steering wheel, which could unexpectedly deploy.