Spot Truckload Rates Continue to Soar Amid Record Demand
Capacity shortfalls combined with increased demand for truckload shipments are continuing to boost spot rates to record levels, according to DAT Solutions, which also said in what is an atypical trend, spot rates now are exceeding long-term contract rates.
July 17, 2018Canadian Trucking Alliance Unveils 10-Point Plan to Improve Compliance, Safety
The Canadian Trucking Alliance has created a 10-point action plan that presents ways in which CTA and provincial trucking associations aim to work with Transport Canada and local government agencies on strengthening compliance with issues such as hours of service and distracted driving.
July 17, 2018Trucker Tools Raises $4.4 Million in Series A Funding
Trucker Tools LLC, a Reston, Va.-based company that provides carrier capacity management and predictive freight-matching solutions, said on July 12 it has raised $4.4 million in Series A funding from its existing investors to support customer acquisition and product development.
July 16, 2018Penske Tackles Challenges of Battery-Electric Trucks
Penske Truck Leasing is preparing to dive deeper into medium- and heavy-duty battery-electric trucks as a trickle of the alternatively powered vehicles begin to find their way in a world where diesel will remain trucking’s main fuel for quite a while, company executives said.
July 16, 2018Reimagining Trucking
The nation’s largest for-hire carriers are embracing new technologies and doing more to foster innovation with the goal of reducing the cost of moving freight and providing new service capabilities.
July 16, 2018J.B. Hunt Profits Power Up 55% in 2Q; Revenues Rise 24%
J.B. Hunt Transport Services reported second-quarter net earnings of $151.7 million, or $1.37 a share, up 55% from $97.9 million and 88 cents per share in the second quarter of 2017.
July 16, 2018Noregon Releases JPRO Upgrade for Technicians
Greensboro, N.C.-based Noregon Systems released the updated version of its JPRO Professional software featuring Repair Mentor that offers teaching tools for technicians and guides them to the right place to begin conducting a diagnostic session.
July 16, 2018Online System to Improve Michigan County’s Trucking Permit Process
The permitting process will get faster and more convenient next month for Michigan’s Lenawee County Road Commission staff and trucking firms.
July 16, 2018Wabco Agrees to Sell Steering Components to OEM in India
Wabco Holdings Inc. reached an agreement with Tata Motors, India’s largest vehicle manufacturer, to supply that original equipment manufacturer with hydraulic power steering systems for Tata’s new line of heavy-duty trucks.
July 13, 2018Competition Heats Up for Lidar Sensors in Autonomous Sector
As the race to create robot cars intensifies, a secondary race is underway: a high-stakes competition to develop the sensors that serve as the cars’ “eyes.” Lidar, a light-sensing form of radar, provides vision for the vast majority of autonomous vehicles being developed, but now there are dozens of companies with different twists on it.
July 13, 2018