The traditional ordering season for new Class 8 trucks opened in October with the highest activity in 11 months. Still, the number of orders placed was the weakest for an October since 2016 — and 51% below October 2018.
The costs of operating a for-hire Class 8 truck rose 7.7% in 2018, the biggest jump since 2010. It is the highest per-mile cost since the American Transportation Research Institute began tracking the data in 2008.
Cooper Tire & Rubber Co. (NYSE:CTB) recently announced a plan to increase ownership in its joint venture tire plant in Guadalajara, Mexico, from 58% to 100%. The Findlay, Ohio-based company has been involved in a venture partnership at the Corporación de Occidente (COOCSA) plant with Trabajadores Democráticos de Occidente (TRADOC), which has owned 42% of […]
The UW is Starship’s biggest campus client to date.
UPS operates first revenue drone flight for CVS, carrying drugs to customers
Travel Centers of America reported stronger profits and sales for the third quarter as it added locations and sold more fuel at higher prices. Watch for International House of Pancakes restaurants to begin to replace TA’s Iron Skillet and Country Pride eateries.
The impact of IMO 2020 on oil markets is going to be less than projected, at least according to a newly published forecast by OPEC. The cartel, in its voluminous World Oil Outlook report, said it has seen several shifts in oil markets that have led it to believe the transition to lower-sulfur marine fuels […]
On October 29, Bloomberg published an article by Dina Bass, “The ‘Uber for Trucking’ Tries to Navigate Some Uber-Scale Problems.” That was followed by Craig Fuller’s article, Is winter coming for the super-hot FreightTech space?, which ran in FreightWaves on November 3. It would be worth it to read both articles if you have any […]
Truck parking is not only a safety issue, but also an issue of driver rest. Reliance Partners, along with TruckPark, is exploring how truck parking reservation systems could help drivers get better rest and improve roadway safety.
Teknowlogi uses artificial intelligence models to analyze data in real-time and also advises executives on ways to improve efficiency and maximize process automation.
A former New Jersey bookkeeper recently pleaded guilty to bank fraud in federal court, admitting she orchestrated an elaborate $1.7 million check-writing scheme using fraudulent company checks.
Gildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from Arizona. “As we looked at our cost structure in the future, we feel that we can achieve a much lower cost by limiting the facilities,” CEO Glenn Chamandy told analysts […]
Meritor is expanding its Blue Horizon brand of electrified products as it positions itself to be a leading supplier for electric and hybrid vehicle powertrain solutions.
The restructuring is keeping 2,500 jobs in place.
Western Star is recalling 2,546 heavy-duty trucks because the sleeper side door can detach while the truck is in motion, creating a risk of the falling door striking another vehicle.
Leaf Logistics aims to give shippers, carriers, and brokers confidence in buying and selling contracts and protect against market fluctuations.
The United Auto Workers voted 79% in favor of a new four-year contract at Mack Trucks following a 12-day strike that idled six facilities in three states and halted production at Volvo Trucks’ only assembly plant in North America.
Uber Freight sees loads more than double on a year-over-year basis, but the division’s losses increased as well. Investors will now likely mull over these results as the company’s stock lock-up expiration approaches.
UPS expects tsunami of returns this holiday season
Uber plans to release safety report by end of the year.
