Used Class 8 Truck Average Price Finally Posts Increase
Used Class 8 trucks in October notched the first monthly year-over-year increase in average price after 17 such declines, ACT Research reported. It expects the gains to continue into next year.
November 24, 2020SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion
Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering.
November 24, 2020ATA Truck Tonnage Index Declines 8.7% in October
Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, American Trucking Associations said Nov. 24.
November 24, 2020Economic Outlook Bright for Holidays
Goods are pouring into ports, being delivered by trucks to warehouses and e-commerce locations, and retailers are restocking their shelves as the holiday shopping season gets into full swing. It’s also a major reason why trucking continues to outperform the overall U.S. economy.
November 24, 2020US Consumer Confidence Falls as Virus Surge Dampens Expectations
U.S. consumer confidence fell in November to a three-month low as the coronavirus resurgence prompted a slide in Americans’ expectations for the economy and job market.
November 24, 2020NTTC, ATA Seek Approval of Electronic Documents for Hazmat Shipments
National Tank Truck Carriers and American Trucking Associations have petitioned federal hazardous materials regulators to “without delay” develop a rulemaking that would allow motor carriers to use and accept electronic shipping papers and certifications for hazmat shipments.
November 24, 2020Tesla Hits $500 Billion Mark; Musk Overtakes Gates
Tesla Inc. is smashing through records as its impending addition to the S&P 500 Index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500 billion mark for the first time on Nov. 24.
November 24, 2020Diesel Rises 2.1¢ to $2.462 a Gallon
The nationwide average price of diesel fuel increased 2.1 cents per gallon, according to U.S. Energy Information Administration.
November 23, 2020Big Fleets to Work Together on Enhancing Driver Visibility in Cab
Anheuser-Busch InBev, PepsiCo Inc., Republic Services and nongovernmental organization Together for Safer Roads announced a design challenge to improve fleet safety and save lives, calling the project the Truck of the Future.
November 23, 2020Railroads Approaching Positive Train Control Full Implementation, FRA Says
The automatic braking system Congress is mandating for the country’s railroads is almost implemented on the route miles required by law, according to federal regulators’ most recent update.
November 23, 2020