Cosco Shipping Reaches Preliminary $6 Billion Deal With OOCL; Effect on Trucking Unclear
West Coast seaport officials and trucking executives are monitoring Cosco Shipping’s $6.3 billion bid to purchase Orient Overseas International Ltd. to see how the consolidation would affect their businesses.
July 13, 2017BTS Freight Index Set Record in May
U.S. freight transportation put in a strong performance in May, setting a monthly record for the second time this year, according to a July 12 report from the U.S. Bureau of Transportation Statistics.
July 13, 2017ArcBest to Augment NFMC Classification System With Dimensional-Based Pricing
ArcBest, the Arkansas-based less-than-truckload carrier, said it is joining the latest freight shipping trend by adding space-based minimum charges as an option for freight shipments beginning Aug. 1.
July 13, 2017ATA's Bob Costello: Forecasting the Shifting Business Climate
ATA Chief Economist Bob Costello talks with TT's Daniel Bearth about the shifting business climate for trucking, part of our July 12 LiveOnWeb program on the 2017 Top 100 For-Hire Carrier rankings. (Joseph Terry/Transport Topics)
July 13, 2017Senate Democrats Call for Federal Infrastructure Funding Boosts
WASHINGTON — Loans, private capital and streamlining regulations will not replace a need for providing federal funds for infrastructure projects around the country, Democratic senators said in a hearing July 12.
July 13, 2017Volvo Trucks Opens Customer Center at Virginia Factory
Volvo Trucks North America has opened a new customer center here to educate visitors about its products, and it features proving grounds for testing its trucks.
July 13, 2017Wholesale Prices Increase in June on Services Costs
The gain in U.S. wholesale prices reflected higher food and services costs, signaling modest inflation, a Labor Department report showed July 13 in Washington.
July 13, 2017Trucking Drops 1,400 Jobs in June After Shedding 700 in May
The nation’s for-hire trucking companies decreased their payrolls by 1,400 people in June, even as total U.S. employment increased by 222,000 positions.
July 13, 2017Experts Say Inspection System Should Have Room to Give Credit for No Violations
For years, truckers have been complaining that inspectors do not always submit reports to federal regulators giving them credit for no violations or “clean” roadside inspections.
July 13, 2017Volvo Leaders Optimistic About Truck Market
The leaders of Volvo Trucks’ global and North American operations expressed optimism about the second half of this year and into 2018 during presentations for the launch of the company’s new VNL longhaul tractor.
July 13, 2017