Schneider, Now Public, Initiates Trading
Truckload carrier Schneider said its Class B common stock began trading on the New York Stock Exchange on April 6 under the ticker symbol SNDR, and offered 28,947,000 shares initially priced at $19 per share.
April 6, 2017National Truck Protection Launches Bundled Warranty for Used Class 8 Trucks
National Truck Protection Inc., an independent provider of extended service contracts to the trucking industry, launched a new warranty product for used Class 8 trucks that bundles coverages and simplifies the purchase process, the company said.
April 6, 2017Consumer Comfort Rises for Fifth Time in Last Six Weeks
Americans’ confidence climbed for the fifth time in the last six weeks, resulting in the strongest quarterly sentiment since 2007, Bloomberg Consumer Comfort Index figures showed April 6.
April 6, 2017How Infrastructure Disrepair Is Holding Back Autonomous Vehicles
On April 4, Department of Transportation Secretary Elaine Chao spoke to a group of business leaders at a town hall-style event with business CEOs and suggested that an infrastructure package could come as soon as May.
April 6, 2017Jobless Claims Decline to a Five-Week Low of 234,000
Filings for U.S. unemployment benefits declined to a five-week low, highlighting a resilient job market, a Labor Department report showed April 6.
April 6, 2017Peloton Technology Raises Cash for Automated Truck Convoy Technology
Peloton Technology, a startup backed by Intel Corp., is raising more cash to fund its bid to improve highway safety and generate huge savings for the $700 billion trucking industry.
April 5, 2017Truck Orders Remain Steady in March, Exceed 22,000 for Month
Preliminary Class 8 net orders for March were 22,800 units, slightly above expectations and much higher than a year ago for the third consecutive month, research company FTR reported.
April 5, 2017Trucking Executive Calls on Congress to Raise Fuel Taxes
WASHINGTON — Raising the federal tax on fuel and indexing it to inflation would be the most ideal approach for restoring long-term funding for big-ticket infrastructure maintenance programs, Werner Enterprises Inc. CEO Derek Leathers told a Senate panel on April 4.
April 5, 2017Analysis: A Smarter Approach to Infrastructure
When the American Society of Civil Engineers published its latest Infrastructure Report Card last month, the results were sobering: a grade of D+ for the U.S. and an estimated price tag of $4.6 trillion to make needed repairs by 2025.
April 5, 2017Global Shipping Fleet Braces for Chaos of $60 Billion Fuel Shock
Little more than 2½ years from now, the global fleet of merchant ships will have to reduce drastically how much sulfur their engines belch into the atmosphere.
April 5, 2017