UPS Names Next CEO; Tomé to Succeed Abney
UPS Inc. on March 12 announced a leadership succession plan that named former Home Depot Chief Financial Officer Carol Tomé as the company’s next CEO, succeeding David Abney.
March 11, 2020January Tonnage Up 0.8% Compared to 2019
Truck tonnage on a seasonally adjusted basis rose 0.8% in January compared with year-ago levels, according to American Trucking Associations’ For-Hire Truck Tonnage Index, which was released Feb. 18.
February 18, 2020Class 8 Sales Tumble in January as Fleets Grow More Cautious
Class 8 U.S. retail sales in January dropped below 16,000 for the first time since January 2018, WardsAuto .com reported, as a cautious industry waited to see what changes in the freight environment.
February 12, 2020Volkswagen's Traton Unit Submits Buyout Offer for Navistar
Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.
January 30, 2020FMCSA Announces Two-Year Delay of Its Entry Level Driver Training Rule
The so-called Entry Level Driver Training rule — originally set to go into effect Feb. 7 — is delayed until Feb. 7, 2022, the Federal Motor Carrier Safety Administration announced Jan. 29 in an interim final rule.
January 29, 2020ATA Truck Tonnage Increased 3.3% in 2019
Truck tonnage for 2019 increased 3.3%, softer than year-ago levels but continuing a streak of annual gains, American Trucking Associations announced Jan. 21.
January 21, 2020Judge Sides With California Trucking Association, Issues Preliminary Injunction in AB 5 Fight
A federal judge in San Diego on Jan. 16 issued a preliminary injunction against the trucking component of a California law that would restrict how independent workers can be classified by companies. The judge’s ruling means the state of California cannot implement the law as it pertains to the trucking industry.
January 16, 2020XPO Logistics to Explore Sale of Business Segments
XPO Logistics Inc. announced Jan. 15 that its board of directors has authorized the possible sale or spinoff of one or more of its business units.
January 15, 2020Class 8 Sales in December Slip, but Soar for Full-Year Period
U.S. Class 8 retail sales in December dropped 11.4% compared with a year earlier, but the full year posted the highest annual sales since 2006, WardsAuto .com reported.
January 13, 2020ATA’s Truck Tonnage Drops 2.1% Year-Over-Year in November
Truck tonnage fell 2.1% in November compared with year-ago levels, the first year-over-year decline since April 2017, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
December 23, 2019