Sen. Capito to Keynote I-81 Corridor Coalition Conference April 24
Freight stakeholders concerned about congestion and aging infrastructure along Interstate 81 will hear from West Virginia Sen. Shelley Moore Capito (R) at a conference April 24 in West Virginia.
April 17, 2017J.B. Hunt Profits Up 2.6% Due to Lower Tax Bill in First Quarter
The truckload earnings season began with J.B. Hunt Transport Services Inc. announcing a 2.6% increase in profits year-over-year in the first quarter, mainly due to a one-time tax benefit that otherwise would have put the carrier behind 2016 earnings.
April 17, 2017Homebuilder Sentiment Cools From Almost 12-Year High
Confidence among U.S. home builders cooled in April after jumping a month earlier to the highest level since mid-2005, according to data released April 17 from the National Association of Home Builders/Wells Fargo.
April 17, 2017Crude Losses Ease as Dollar Drop Offsets US Drilling Boom
Oil eased losses as growth in U.S. drilling was partially offset by a weaker dollar.
April 17, 2017Truck Rental Companies Seek More Time to Implement Federal ELD Regulation
Companies that rent trucks are still grappling with the Federal Motor Carrier Safety Administration over how the agency’s forthcoming electronic logging device mandate will apply to vehicles available for short-term rental. The firms are looking for a government decision in late June.
April 17, 2017Knight, Swift Plan Merger
A merger of Knight Transportation Inc. and Swift Transportation Co., two of the nation’s largest trucking companies, is expected to trigger a historic move to consolidate the truckload freight sector, industry analysts said last week.
April 17, 2017Opinion: Trucking Spot Market Evolves With Technology
Trucking can always use more technology. That’s one reason we see so many tech startups in the industry these days.
April 17, 2017Editorial: Industry Consolidation Warming Up
With the Ringling Bros. and Barnum & Bailey Circus closing down “the greatest show on Earth,” it appears that truckload executives and investors are pitching in to fill the void.
April 17, 2017Eaton, Cummins Join Forces on Automated Transmissions
Eaton Corp. and Cummins Inc. have agreed to form a joint venture to produce automated transmissions for medium- and heavy-duty trucks, a move that would deepen the suppliers’ long-standing powertrain alliance.
April 17, 2017US Class 8 Sales Fall in March, Hit 16th Straight Y-O-Y Decline
Class 8 retail sales fell again in March for the 16th consecutive month of year-over-year decline, although there were gains among vocational trucks.
April 17, 2017