Trucking Fleets Report Mixed Third-Quarter Profits
Earnings reports from ArcBest Corp., USA Truck and Expeditors International of Washington presented a mixed picture of freight trends in a softening economy.
November 9, 20153Q Intermodal Freight Growth Slows to 3.4%; Fuel Prices, Capacity Stunt Domestic Business
Growth in truck-rail freight slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 9, 2015Rep. John Lewis’ Effort to Eliminate Young-Driver Provision in Highway Bill Fails
The House on Nov. 4 rejected an effort by Rep. John Lewis (D-Ga.) seeking to remove a provision in a House multiyear highway bill designed to pave the way for drivers under 21 to operate trucks across state lines.
November 5, 2015Rep. John Lewis Seeks to Eliminate Young-Driver Provision in Highway Bill
Rep. John Lewis (D-Ga.) is looking to replace a provision in a House multiyear highway bill that would pave the way for drivers under 21 to operate trucks across state lines.
November 2, 2015Rep. Reid Ribble Pushes Weight Increase for Trucks in Highway Bill
States would have the option to increase weight limits for trucks under an amendment Rep. Reid Ribble is offering to the House’s consideration of a multiyear highway reauthorization bill this week.
November 2, 2015Firms Try to Mimic Uber for Freight Shipments; Analysts See Both Opportunities and Pitfalls
Fledgling companies are advancing the adaptation of Uber’s transportation model to arrange freight shipments, a step that experts believe offers a combination of opportunities in several trucking sectors as well as pitfalls.
November 1, 2015Truckload Carriers Report Higher 3Q Profits; Cautious About Future Industry Conditions
Third-quarter earnings rose at several truckload carriers amid growing caution about future industry conditions.
November 1, 2015Used Truck Prices Slump at Auctions, Analysts Say
A major auction of fleet-owned, model year 2012-2013 sleeper trucks in mid-September pulled in lower-than-expected prices and may have signaled the start of a market erosion, according to Chris Visser, an analyst with American Truck Dealers.
November 1, 2015Cummins to Cut Workforce as Truck Engine Sales Fall
Engine maker Cummins Inc. said last week it would reduce its workforce by 2,000 employees, or about 4% of its global payroll, and close or restructure some manufacturing facilities as a result of lower demand for its products, including truck engines.
November 1, 2015Foxx 'Cautiously Optimistic' About Passage of Long-Term Highway Bill
Transportation Secretary Anthony Foxx is “cautiously optimistic” that Congress will pass long-term transportation legislation in the near future.
October 29, 2015