Oil Seen Heading to $20 on Dollar Strength, Morgan Stanley Analysts Say
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
January 11, 2016Truck Stocks Plunge in 2015
Trucking companies’ shares, which declined faster last year than other transport stocks and the broader financial markets, are likely to keep falling in early 2016.
January 11, 2016Letter: Get the Language Straight for ELDs
The Federal Motor Carrier Safety Administration needs to suspend promulgation of electronic logging devices, or ELDs, and reopen the comment period due to fatal flaws stemming from contradicting language in the rule’s wording.
January 11, 2016Editorial: Next-Generation Trucks Are Here
No sooner than we ripped the plastic off our 2016 calendars came yet more news about the connection between the federal government and trucking.
January 11, 2016Opinion: Navigating the Deal Market With Confidence
The deal market in the transportation industry currently is in a rare position — it’s good for both buyer and seller.
January 11, 2016Cummins Says Its Engines Now Meet ’17 GHG Standard
Independent engine maker Cummins Inc. said it has received Environmental Protection Agency certification on all of its on-highway diesel and natural-gas engines.
January 11, 2016Intermodal Cargo Falls in 4Q for First Time Since 2009
Intermodal freight in the fourth quarter declined for the first time since 2009 on a year-over-year basis, industry experts said, hurt by factors such as low fuel prices that helped competing truckers, a weaker economy and elevated inventories.
January 11, 2016Class 8 Orders Slump in December, Down 36% From Same Period in 2014
North American orders for Class 8 trucks slumped in December from the same period a year ago, when the original equipment manufacturers logged their fourth-best volume ever.
January 11, 2016Daimler Trucks to Cut Its Workforce at Cleveland, N.C., Factory by 30%
Daimler Trucks North America announced plans to lay off an estimated 936 employees, or 30% of the 3,100 workers at its Cleveland Truck Manufacturing Plant in North Carolina, which makes heavy-duty Freightliner and Western Star trucks.
January 11, 2016Truckers in Idaho Receive OK to Haul Loads Up to 129,000 Pounds, Pending State Approval
Pending expected approval from Gov. Butch Otter and the Idaho Legislature, truckers soon will be carrying loads up to 129,000 pounds.
January 11, 2016