Former Pennsylvania Energy-Industry Employees Turn to Trucking as Jobs Continue to Dwindle
John Hank thought he would have a lifelong career in the oil and gas industry and be able to retire with his hobbies — furniture making, ginseng hunting, fishing and cooking Texas barbecue.
February 13, 2017Nikola Motor Hires Jonathan Spira as Chief Financial Officer
Nikola Motor Co., the startup planning on building electric heavy-duty trucks, has hired Jonathan Spira as chief financial officer as it initiates its next round of funding.
February 13, 2017Daimler Trucks Chief Unexpectedly Steps Down
Daimler's trucks chief Wolfgang Bernhard, once seen as a candidate to succeed CEO Dieter Zetsche, has stepped down a year before his contract was due to run out, the German carmaker said Feb. 10.
February 13, 2017Haldex Reports Fourth-Quarter Net Loss, Profitable Year
Brake manufacturer Haldex AB reported a net loss and even revenue in the 2016 fourth quarter, compared with a year earlier, as profits rose and revenue slipped for the full year.
February 13, 2017Celadon Posts Net Loss After Adverse Court Ruling
Celadon Group Inc. lost money in the final three months of 2016, after the company filed an amended earnings report with an additional $4.6 million to cover a class-action lawsuit.
February 13, 2017Senator Again Endorses Repatriation as Means to Fund Infrastructure
Kentucky Republican Sen. Rand Paul touted potential benefits of repatriating overseas corporate profits as a way to boost a federal road building account, a proposal he looked to advance a few years back.
February 13, 2017Tapping Private Sector for Roads, Bridges Poses Hurdles for Trump
One alternative asset manager raised $14 billion for infrastructure deals last year — the biggest such fund ever. About six months later, another manager topped it, raising $15.8 billion.
February 13, 2017Averitt Express Adds Locations, Bonus for Regional Drivers
Averitt Express Inc. has added new locations in Hagerstown, Maryland, and Saint Albans, West Virginia, to meet increasing demand for truckload services in both areas, the company said.
February 13, 2017Class 8 Orders Surge 22%
North American Class 8 orders in January surged 22% year-over-year, besting analysts’ expectations to post the highest total in 13 months.
February 13, 2017Opinion: Truck Parking Is Quiet Crisis Facing Industry
Each night, thousands of truck drivers across the country find themselves in a horrible game of “musical chairs” — searching for parking spaces to take their mandated 10-hour rest period. This occurs because of a major shortage for truck parking, which has not kept up with the volume and growth of trucks traveling across our country each day.
February 13, 2017