Breaking News
December Class 8 Sales Reach High Mark for 2020, Down 7.4% Compared With 2019
U.S. Class 8 retail sales in December cleared 21,000 to reach the high mark for the year, but were off 7.4% from a year earlier, WardsAuto .com reported.
Transportation Secretary Elaine Chao Resigns
Transportation Secretary Elaine Chao announced her resignation Jan. 7 on her Twitter account, one day after a mob of supporters of President Donald Trump stormed the U.S. Capitol Building.
Department of Labor Issues Final Rule on Independent Contractor Status
The U.S. Department of Labor on Jan. 6 issued a final rule revising its interpretation of independent contractor status under the Fair Labor Standards Act that it said will “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.”
ATA Truck Tonnage Index Slides 3.8% in November
Truck tonnage in November declined a seasonally adjusted 3.8%, marking the eighth consecutive month of year-over-year declines, American Trucking Associations said Dec. 22. However, the ATA For-Hire Truck Tonnage Index increased 3.7% in November after falling 5% in October when measured month-to-month.
Biden Introduces Buttigieg as Transportation Choice
Pete Buttigieg, the former Democratic presidential candidate and onetime mayor of South Bend, Ind., was tapped to lead the U.S. Department of Transportation under the Biden administration, according to the Biden-Harris transition team.
Class 8 Sales in November Slip
Class 8 U.S. retail sales in November reached 17,803, down 4% compared with 18,545 a year earlier, WardsAuto.com reported.
XPO Logistics Plans to Split Into Two Companies
XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.
ATA Truck Tonnage Index Declines 8.7% in October
Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, American Trucking Associations said Nov. 24.
October Class 8 Sales Underscore Replacement Demand
Class 8 U.S. retail sales in October remained 18.4% below year-ago levels and closed in on 19,000 to signal replacement demand is strong, analysts said.
Daimler, Waymo Partner to Develop Autonomous Trucks
Daimler Trucks and Waymo have announced an agreement to produce highly automated Level 4 commercial vehicles by combining Daimler’s trucks with Waymo’s technology.