The waiver granted by FMCSA covers the federal code governing truckers, but only for their activities involving aiding the efforts to fight western wildfires.
Daseke purchased the Memphis-based steel and aluminum carrier for $53.8 million, including $3.4 million in Daseke stock. Builders Transportation reported an estimated $72.4 million in revenue and an estimated $9.7 million in Adjusted EBITDA for the trailing 12-month period ended June 2018.
In today’s pickup, CEOs on analysts calls don’t see a peak and see better driver retention for their companies. Also: OPEC output and a change in Chinese scrap policy.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
Receipts from the June IPO allowed a significant reduction in debt while other initiatives cut its OR to the lowest level in years.
Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.
ArcBest Corporation (NASDAQ: ARCB) recently finalized a new 5-year contract with the International Brotherhood of Teamsters. The new contract brought “major gains” for members, including vacation restoration, wage increases and health benefit preservation.
There has been other legislation trying to get livestock haulers a further exemption to the ELD rule, but this one has gone further,
A very strong quarter for the 3PL, though a mixed message on the impact of ELD enforcement.
Truck drivers involved in certain behaviors are more likely to have a future crash, ATRI research has concluded.
Tolls once graced Connecticut highways until the mid 1980s, but the state is now looking at bringing them back to increase revenue. The state trucking association says it is the wrong approach.
A letter from two U.S. Senators has spurred CVSA to begin looking at its role in enforcing a rule on truck underrides.
Cummins Inc. announced record earnings for its second quarter this morning, and that news was immediately overshadowed by an engine recall that has already impacted 230,000 vehicles and now will encompass an additional 500,000 heavy-duty truck models.
Chaos at the New York bus terminal could be a sign of a driver squeeze at Greyhound, but likely isn’t the result of federal regulations.
Toyota Motor has been testing a Class 8 hydrogen fuel cell truck in port operations in California, but yesterday it took that program to the next level with introduction of Version 2 of the truck with more range and other features.
Cashflow Corner presented by TriumphPay …When it comes time to replace tires, whether they are on the tractor or the trailer, more fleets are turning to retreads as a cost-effective alternative to new tires.
All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated
An attorney speaks on the case of a driver fired after objecting to driving a truck he considered unsafe. His award didn’t even reach $5,000.
New research is underway regarding one of the transportation industry’s most prevalent concerns: the lack of safe and available parking.
The U.S. truckload operations of TFI are mostly at CFI and Truckload America, and both had stronger quarters.
