Paccar Reports Record Annual Revenue and Net Income
Paccar Inc., the parent company of U.S. truck makers Kenworth Truck Co. and Peterbilt Motors Co. and DAF Trucks in Europe, said it achieved record annual revenues of $19.12 billion and record net income of $1.60 billion, an 8.4% after-tax return on revenues, for 2015.
January 29, 2016Speed-Limiter Proposal to Be Published Feb. 15
A joint proposal that would require the installation of speed-limiting devices on heavy trucks is scheduled to be published Feb. 15, according to the U.S. Department of Transportation.
January 29, 2016Rising Cargo Volume Straining US Ports, AAPA Says
The volume of cargo moving through U.S. ports increased 3.1% in 2014 compared with the prior year, buoyed by a rise in exports and gains in shipping along inland waterways and in the Great Lakes region, the American Association of Port Authorities reported Jan. 29 based on an analysis of the latest data from the U.S. Army Corps of Engineers.
January 29, 2016Nafta Trade Value Declines 8.4% in November
The value of U.S. trade with Canada and Mexico in November decreased by 8.4% year-over-year to $88.2 billion, and truck freight value slipped by 0.4%, according to the U.S. Department of Transportation.
January 29, 2016Rolling With the Changes, North Dakota Trucking Companies Affected by Falling Oil Prices
Mike Bertelsen, the Dickinson, North Dakota, terminal superintendent of regional Black Hills Trucking, said his branch of the company has felt the winds of change like many others in the region.
January 29, 2016Werner Raises Fourth-Quarter Profit; Landstar Earnings Drop Slightly
Werner Enterprises Inc., which ranks No. 16 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, raised fourth-quarter net income 12% to $36.6 million, or 51 cents per share, and No. 10 Landstar earnings dipped 2% to $37.9 million, or 88 cents.
January 29, 2016SAF-Holland Launches Gold Line Quality Parts for Aftermarket
Commercial vehicle supplier SAF-Holland introduced its brand of parts for the aftermarket.
January 29, 2016Texas State Funds to Target Three Houston Freeway Trouble Spots
With Houston choking on traffic congestion, an infusion of $447 million in state funds promises relief sooner than expected at three notorious freeway bottlenecks.
January 28, 2016Federal Driver Coercion Rule Takes Effect Today
A final rule that prohibits fleets, shippers and brokers from coercing truck drivers to violate hours-of-service and other safety regulations officially takes effect today.
January 28, 2016TT to Co-Host Driver Recruiting, Retention Conference
One of trucking’s most pressing issues will take center stage Feb. 10-12 in Nashville, Tennessee, as industry executives and experts gather for the 13th annual Recruitment and Retention Conference, which will be hosted by Conversion Interactive Agency and Transport Topics.
January 28, 2016