Business

Daimler Trucks debuted its self-driving “Future Truck 2025” during an on-highway test drive on a section of the autobahn near Magdeburg, Germany.

A lot of attention has been given recently to the ongoing driver shortage and the various strategies to resolve it. Much of the focus has been on driver pay.

Normally, our Johnny One-Note shrillness on public finance focuses on the pressing need for nationwide transportation infrastructure that would allow the U.S. economy to grow strongly.

President Obama chided Congress last week for not rectifying the crisis in the Highway Trust Fund, while the U.S. Department of Transportation announced it will begin rationing the reimbursements it sends states for highway work already done.

Trucking stock prices this year have soared past the broader stock market that is hovering around record levels, propelled by tight capacity and improving freight-industry expectations.

The number of used Class 8 trucks sold fell 12% in May from April, but prices and demand remained strong for low-mileage trucks, analysts and dealers said last week.

The National Fraternal Order of Police has endorsed suspending the year-old federal hours-of-service rule change, a proposal senators are expected to take up before their August recess.

The Port of Long Beach, California, last week named Jon Slangerup as its new executive director.

The fledgling load-matching service Cargomatic is bidding to capitalize on unused capacity in local trucking markets by using a wireless or smart-phone application, beginning with Southern California.