TFI International Reports Record Results for 4Q, Full Year
TFI International reported a 60% increase in profits in the final quarter of 2018 from the comparable quarter in 2017, part of the trucking and logistics company’s record results for the quarter and the full year.
February 28, 2019Demand Remains Strong for Used Class 8s in January
Sales of used Class 8 trucks in January fell compared with a year ago, but the average heavy-duty truck brought 10% more money as customer demand remained strong amid a shortage of trucks, ACT Research Co. reported.
February 28, 2019Get Smart: Best Practices for Rightsizing Your Trailer Fleet
Not long ago, trailer telematics was tech only top fleets employed. Today, soaring adoption rates signal trailer management is critical to crushing it in a high-demand market. Hear from seasoned pros at marquee transportation companies tell how they are maximizing utilization, rightsizing busy trailer fleets, and killing the competition.
February 28, 2019Irish Drivers Warned to Get Paperwork for ‘No-Deal’ Brexit
LONDON — Ireland’s deputy prime minister said Feb. 28 that the European Union wants to work with Britain to ensure there is a Brexit deal as Irish drivers were warned they will need new paperwork to cross the currently invisible border to Northern Ireland if the U.K. leaves the bloc without an agreement.
February 28, 2019Stakeholders Push For Comprehensive Strategy, Funding for Freight Systems
WASHINGTON — A long-term strategy consisting of additional funding for freight programs should be among the provisions that members of Congress adopt when they consider a surface transportation policy bill in the 116th Congress, the association representing trade corridors told a Senate panel Feb. 26.
February 28, 2019Trump Agencies Bicker Over Ethanol as Higher Fuel Use Looms
President Donald Trump’s pledge to his rural agricultural base to allow year-round sales of higher blends of ethanol spurred differing opinions between key federal agencies Feb. 27.
February 28, 2019ZF in Takeover Discussions With Wabco
Commercial vehicle supplier Wabco Holdings Inc. announced it has been approached by ZF Friedrichshafen AG and has “engaged in preliminary discussions concerning a potential transaction.”
February 28, 2019BMW, Daimler Team on Automated Driving Technology
FRANKFURT, Germany — BMW and Daimler announced Feb. 28 they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo.
February 28, 2019US Economic Growth Slows to 2.6% Rate in 4Q
WASHINGTON — The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6%, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in the current quarter.
February 28, 2019Cyprus: ExxonMobil Finds Third-Biggest Gas Deposit in Two Years
NICOSIA, Cyprus — ExxonMobil has made the world’s third-biggest gas find in the past two years off the cost of Cyprus, the country’s government said Feb. 28.
February 28, 2019