Celadon Group has announced the appointment of Thom Albrecht as executive vice president – chief financial and strategy officer. Albrecht is president of consulting firm Sword & Sea Transport and a member of the TransRisk Board of Advisors.
Used-truck prices are down slightly this year and some fleets looking to trade in their vehicles may be finding the residual value they expected to get when they acquired these trucks in 2013/14 are just not there right now.
On Wednesday night, President Donald Trump talked about his administration’s tax plan at an event at an airport hanger on the Pennsylvania Air National Guard base in Harrisburg, PA. Here is the official, unedited transcript of the speech provided by the White House:
President Donald Trump took his case for tax reform to the American people on Wednesday night – specifically the trucking community – at an event in Harrisburg, PA.
Until Hurricane Maria slammed into Puerto Rico, few people had ever heard of the Jones Act. Now, armed with a basic knowledge, many are wondering if the Jones Act is actually harming the U.S. and whether lifting it might benefit shipping and logistics in this country.
While legislative wheels are starting to turn, there is little reason to expect major movement on any infrastructure bill in 2017. The most optimistic timelines being floated on Capitol Hill call for the law to be signed in 2018, with funds released in 2020.
The world is going electric, and according to a McKinsey Energy Insights report, it is leaving the U.S. behind. According to the report authored by Chrsiter Tryggestand, Namit Sharma, Jasper van de Staaij and Arjan Keizer, because of market dynamics, the U.S. and China are lagging in the development and cost parity needed to make electric trucks viable.
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02, Leases (Topic 842) (the Update). The Update represents the first comprehensive overhaul in lease accounting in approximately 40 years.
Spot rates continue to climb and capacity continues to shrink, and now experts are predicting a strong holiday retail season. Could the good news for carriers get any better?
Amazon is now testing a delivery service that would make more products available for two-day shipping. Called Seller Flex, the service would apply to items purchased from third parties through Amazon’s e-commerce site.
All week at the North American Commercial Vehicle Show in Atlanta, nearly every presenter has mentioned electric trucks and the growing electrification of the trucking industry. So, it was no surprise when solar company eNow noted how it too could help with these growing electric needs.
Ryder System will install automatic tire inflation systems on its vehicles through an agreement with Aperia Technologies. Aperia’s Halo Tire Inflators will be included as a standard spec on Ryder’s heavy-duty rental fleet.
John Larkin and the team at Stifel go super bullish on the truckload sector after spending weeks on the road gaining market insights to just how hot the market has become.
With 34% of all tires still running underinflated in fleets, according to Continental, more solutions are needed. That’s why the tire maker has introduced a new, simple-to-use digital tire monitoring platform this week at the North American Commercial Vehicle show in Atlanta.
As tax reform hits Washington, truckers weigh in on the importance of tax reform that is simple and rewards domestic investment.
In a quest for more business in China’s booming e-commerce markets, parcel companies in that country are waging a pricing war, threatening to eat up profits and pressuring margins for companies already facing razor-thin operating budgets, according to a report in the Nikkei Asian Review.
The momentum in both contract and spot rate increases should feel like a rocket ship. For the first time in years, fleets will enjoy pricing power
The myth of the 10-mpg truck has been proven wrong thanks to a group of seven drivers with seven differently equipped tractor-trailers driving for seven different companies.
The Fed announced today that it will allow $10 billion of Treasury and mortgage-backed securities to mature each month without buying new ones as it cautiously approaches the wind down to avoid another financial collapse.
Truck tonnage rose in August and driver turnover jumped in the second quarter according to the latest data from the American Trucking Associations.
