December 30, 2014 - Industry News
FedEx acquired third party logistics company Genco, expanding the company’s portfolio to include reverse logistics which deals with the processing of returns for retailers.
Tags: 3PL, Logistics, Mergers & Acquisitions, FedEx, FedEx Ground
ASA Electronics hired Courtland Jones as Project Engineer for the company’s expanding engineering team. ASA designs and engineers electronics devices for commercial industries including JENSEN Heavy Duty products.
Tags: Accessories, Vehicle Electronics, ASA Electronics
The U.S. government lost $9.26 billion in its financial rescue of the auto industry, and closed out its last investment earlier this month six years after initiating the plan.
Tags: Auto Industry Bailout, U.S. Treasury, Chrysler, General Motors, Ally Financial
Consumer confidence in the U.S. rebounded in December after falling in November, according to the private research group The Conference Board.
Tags: Economy, Consumer Confidence
December 29, 2014 - Industry News
For the first year ever, Wreaths Across America received enough money and volunteer help to place a wreath at all 230,000 graves at the Arlington National Cemetery.
Tags: Veterans, TCA, Wreaths Across America, Trucking Moves America Forward, Christmas
ACT Research found that demand for Class 8 trucks remained high in November with 40,925 units ordered. It was the fifth best month since the research company began collecting data in the 1980s.
Tags: Class 8, ACT Research, HOS, Truck Orders
Altec’s action affects 1,857 devices that may have a faulty hydraulic pressure transducer.
Tags: Recalls, Altec Industries, Aerial Devices, NHTSA, Medium-Duty Trucks
The Truckload Carriers Association announced 18 division winners for its 2014 National Fleet Safety Awards.
Tags: Driver Safety, Awards, Fleet Safety Award, TCA, Truckload Carriers Association
UPS expects to transport more than 4 million return packages in the United States by the end of the first full week of January, the company announced.
Tags: UPS, Consumer Spending, Consumer Sentiment, Shipping Service
Consumer confidence reached its most favorable level this month since the last cyclical peak was set in January 2007, according to the Thompson Reuters/University of Michigan Survey of Consumers, released just before Christmas.
Tags: Economy, Home Sales, Consumer Sentiment
Spot market freight rates posted declines as Christmas approached, according to numbers from the freight matching service provider DAT Solutions.
Tags: Spot Freight, Freight Rates, DAT Solutions
December 26, 2014 - Global News
Mitsubishi Fuso Truck and Bus Corporation and Daimler India Commercial Vehicles Pvt. Ltd. that cooperate together under the Umbrella of Daimler Trucks Asia, have announced personnel changes in their Board of Management.
Tags: Daimler India Commercial Vehicles, Asia, Mitsubishi Fuso Truck and Bus Corporation
December 24, 2014 - Industry News
C.R. England appointed TJ McGeean as the Chief Financial Officer of the company, replacing current company president, Josh England who had been serving in a dual role as CFO since 2013.
Tags: C.R. England, People, Truckload, Promotions
Con-way Multimodal announced the appointment of Gregory L. Orr as president of the freight brokerage division of Menlo Logistics. He was previously the vice-president of operations of operations.
Tags: Promotion, People, Con-way Inc., Multimodal
Kenworth celebrated the delivery of its one millionth truck to TransAm Trucking of Lathe, Kan. The 91 year-old company held a ceremony to celebrate the milestone at the Kenworth assembly plant in Chillicothe, Ohio.
Tags: Kenworth, Truck Sales, Kenworth T680
December 23, 2014 - Industry News
The value of the production of goods and services in the U.S. during the third quarter of the year increased at an annual rate of 5%, according to a third estimate from the U.S. Commerce Department.
Tags: Economy, GDP, Durable Goods
The Pacific Maritime Association, which represents employers at America’s 29 West Coast ports, on Monday asked for federal mediation in its contract negotiations with the International Longshore & Warehouse Union.
Tags: drivers, Ports, Port Trucking, Labor Unions
December 22, 2014 - Industry News
Women In Trucking Association and Navistar are seeking candidates for the 2015 Influential Women In Trucking award. The winner will be announced at the TCA annual convention in March 2015.
Tags: Navistar, Awards, Women in Trucking
One man pleaded guilty to charges in federal court earlier this month in connection with a double brokering scheme, according to the Office of the Inspector General at the U.S. Transportation Department.
Tags: Office of Inspector General, Crime & Fraud, Brokers
After hitting their highest level of the year during October existing-home sales slid in November, according to figures released Monday by the National Association of Realtors
Tags: Economy, Home Sales
Traffic this year-end holiday season is projected to be at a record level, according to the motorist group AAA.
December 19, 2014 - Industry News
Over 36,000 trailers were ordered in November, representing the 4th most orders of all time, according to ACT Research. Trailer orders were up 43% over last year.
Tags: Trailers, ACT Research, Trailer Orders
The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index rose 3.5% to 136.8 in November -- the highest level on record.
Tags: Economy, Freight, Truck Tonnage Index, American Trucking Associations
The holiday shipping season is historically one of the most dangerous times for cargo theft, according to the logistics security services provider FreightWatch International.
Tags: Security, Cargo Theft, FreightWatch, Crime
New construction starts in the U.S. climbed 13% in November from the month before to an annual rate of $677.8 billion, according to industry data provider Dodge Data & Analytics.
Tags: Economy, Construction
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