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.
December 2, 2020ATA 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.
November 24, 2020October 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.
November 12, 2020Daimler, 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.
October 27, 2020September Tonnage Down Year-Over-Year, but Rebounds After August Decline
Truck tonnage in September declined a seasonally adjusted 2.7% when compared with year-ago levels, marking the sixth consecutive month of year-over-year declines, American Trucking Associations said Oct. 20.
October 20, 2020September Class 8 Sales Highest for the Year
U.S. Class 8 retail sales in September climbed above 19,000 to the highest point of the year, but were down nearly 33% compared with year-ago levels.
October 13, 2020Tonnage Declines 8.9% Year-Over-Year in August
Truck tonnage in August declined a seasonally adjusted 8.9% when compared with year-ago levels, marking the fifth consecutive year-over-year decline, American Trucking Associations said.
September 22, 2020Nikola Executive Chairman Trevor Milton Steps Down
Trevor Milton has voluntarily stepped aside as executive chairman and board member of Nikola Corp., the electric truck company he created, it was announced Sept. 21.
September 21, 2020August Class 8 Sales Hit Highest Mark of 2020
U.S. Class 8 retail sales in August hit the high point of the year, clearing 17,000 as Freightliner notched a leading 41.1% market share, WardsAuto .com reported.
September 14, 2020Omnitracs Acquires Onboard Video Firm SmartDrive
Trucking technology supplier Omnitracs has agreed to acquire SmartDrive Systems, one of the transportation industry’s largest providers of onboard cameras and video-based safety systems.
September 9, 2020