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Truck Tonnage Rises 3.8% in 2022
Truck tonnage rose 3.8% in 2022 compared with 2021, posting the highest year-over-year gain in four years despite modest December results, American Trucking Associations reported.
December Class 8 Sales Reach All-Time High
U.S. Class 8 retail sales in December reached an all-time monthly high, Wards Intelligence reported.
C.H. Robinson CEO Bob Biesterfeld Steps Down
C.H. Robinson on Jan. 3 announced the departure of CEO Bob Biesterfeld, and set in motion a process to find a permanent replacement while tapping an interim leader from its board of directors.
November Tonnage Increases Year-Over-Year, but Declines From October
Truck tonnage inched up year-over-year in November, but for the second consecutive time declined on a month-to-month basis amid a tepid seasonal environment, American Trucking Associations said with the release of its monthly For-Hire Truck Tonnage Index.
November Class 8 Sales Second-Highest of 2022
Class 8 U.S. retail sales in November were the second-highest this year and continued the trend since May of monthly gains compared with a year earlier, Wards Intelligence reported.
Senate Passes Measure to Avoid Rail Strike
Moving quickly to help avert a rail workers strike that would have cost the national economy an estimated $2 billion per day, the U.S. Senate on Dec. 1 advanced a tentative labor agreement between railroads and their employees.
ATA Truck Tonnage Index Up 2.8% in October
Truck tonnage in October increased compared with year-ago levels but declined on a month-to-month basis, a sign that the freight market is reacting to economic and consumer trends, American Trucking Associations said.
October Class 8 Sales Show Broad Gains Over Year Earlier
U.S. Class 8 retail sales in October improved 34.5% compared with a year earlier, Wards Intelligence reported as all but one truck maker notched higher sales.
September Tonnage Rises 5.5% Year-Over-Year
Truck tonnage in September increased 5.5% when measured against the same month a year ago, and on a sequential basis it rose 0.5% from August, according to American Trucking Associations.
Nikola Founder Trevor Milton Guilty of Defrauding Investors
Nikola Corp. founder Trevor Milton was convicted of fraud Oct. 14 for misleading investors in the electric truck company.