Volvo Unveils Redesigned VNL Series
Volvo Trucks North America introduced a redesigned version of its VNL-series over-the-road tractor designed to improve the truck’s fuel efficiency and performance, as well as driver comfort.
July 12, 2017Cummins Increases Quarterly Dividend
Engine maker Cummins Inc. increased its quarterly cash dividend on common stock to $1.08 per share from $1.025 per share, payable Sept. 1 to shareholders of record on Aug. 18.
July 12, 20173PLs Report Freight Volumes Better in 2Q, but Margins Compression Lingered in Peak Season
Each of the six publicly traded third party logistics providers, or 3PLs, is expected to announce revenue growth but only three may generate higher profits than a year ago, according to a Bloomberg News consensus forecast.
July 12, 2017Port of Virginia Sets TEU Records for June, Fiscal Year
The Port of Virginia set records for handling containerized freight, both for June and during a fiscal year.
July 12, 2017US Economic Growth ‘Slight to Moderate’ in Recent Weeks
Economic growth in recent weeks ranged from “slight to moderate” across the U.S. central bank’s regional districts as wages and inflation remained generally subdued, a Federal Reserve survey showed.
July 12, 2017House Panel OKs Bill to Boost FMCSA Funding, Pre-empt State Meal, Rest Break Laws
Legislation that would boost funding for federal trucking regulators and pre-empt state laws concerning meal and rest breaks for truckers was easily advanced by a House panel.
July 12, 201712% of Trucks Inspected on Brake Safety Day Placed Out of Service
Nearly eight out of 10 large trucks and buses did not have any critical violations during an unannounced special brake inspection day across the United States and Canada earlier this year, the Commercial Vehicle Safety Alliance announced on July 12.
July 12, 2017Billions Will Be Blown in Race to Field First Self-Driving Cars
The race to field the first autonomous car will be a Darwinian exercise, with more than 50 major competitors reduced to a handful of winners over the next decade, according to a new study by consultant AlixPartners.
July 12, 2017YRC Worldwide Tells Lenders to Expect Sharply Higher Operating Results This Year
YRC Worldwide told its lenders that it expects sharply higher operating income and increased revenues this year as the two sides negotiated terms of some existing debt.
July 12, 2017Amazon’s Prime Day Proves to Be Biggest Shopping Day Ever
Amazon.com Inc.’s third annual Prime Day event turned out to be the biggest day ever for the e-commerce giant, with sales surpassing traditional retailing blowouts like Black Friday and Cyber Monday.
July 12, 2017