May 19, 2015 - Industry News
American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index fell 3% to 128.6 in April to the lowest level in a year.
Tags: ATA, Freight, GDP, Truck Tonnage Index
New homes starts in the U.S. increased dramatically in April from the month before, jumping 20.2% and hitting its highest level in more than seven years.
Tags: Economy, Housing Starts, Home Building
May 18, 2015 - Industry News
Göran Nyberg, Volvo Truck North America president, is concerned that the upcoming Phase 2 round of GHG regulations could push back hard against the advance of truck technology.
Tags: GHG, Greenhouse Gas Emissions, Volvo Trucks
May 18, 2015 - Product News
Bam Worldwide announced Bamwire, a specialty asset-based lending platform for motor carriers designed to help small fleets grow their business.
Tags: Freight, Small Fleets, Factoring
Sales and shipments of cutaways, low cab-over-engine and strip chassis trucks moved higher in the first two months of 2015 compared to a year ago, yet 2015 should be as volatile as 2014, according to the NTEA.
Tags: NTEA, Vehicle Purchasing, Truck Sales, Cabovers, Chassis Cab Trucks, Mexico, Canada
May 17, 2015 - Industry News
U.S. industrial production fell 0.3% in April for its fifth consecutive monthly loss, according to a Federal Reserve report issued Friday.
Tags: Economy, Consumer Confidence, Industrial Production, Consumer Sentiment
May 15, 2015 - Industry News
Rep. Bill Shuster and Rep. Paul Ryan released a joint statement about their own proposal to extend spending authority for the Highway Trust Fund through the end of July.
Tags: Congress, Highway Funding, Highway Bill
Walmart is planning to test an online shipping subscription service similar to Amazon Prime, according to a report from The Information.
Tags: Information Technology, Amazon.com, Walmart, Retail Sector, Shipping Service
Dragan Simovski, the operator of Illinois-based Freedom Transportation was sentenced to 3 years in prison for his connection to an illegal double-brokering scheme.
Tags: Office of Inspector General, Crime & Fraud, Brokers
May 14, 2015 - Industry News
With one week left to pass a short-term funding extension two key Democratic lawmakers have introduced a measure to extend the authorization of surface transportation programs into this July.
Tags: Highway Funding, U.S. Senate, Highway Bill
May 13, 2015 - Industry News
The House Appropriations Committee has approved a $55-billion spending bill that includes a provision to allow 33-foot long double trailers on Interstate and other highways— regardless of state laws.
Tags: Congress, Highway Funding, Trailers, 34-Hour Restart, Insurance
A measure of the amount of freight moved by the for-hire transportation industry in the U.S. increased in March, reversing a one-month decline and posting its biggest gain since last July, according a report released Wednesday.
Rates for spot market truckload freight posted gains in two of the three major sectors May 3 through May 9 compared to the previous seven days, according the freight matching service provider DAT Solutions.
Tags: Spot Freight, Freight Rates, DAT Solutions
U.S. retail sales in April were virtually unchanged from March, according to a Commerce Department report released Wednesday morning.
Tags: Economy, Retail Sales
May 12, 2015 - Industry News
The ATA is urging Congress to quickly adopt a short-term measure to keep the Highway Trust Fund afloat to help ensure that a comprehensive long-term highway bill gets passed in this calendar year.
Tags: ATA, Highway Funding, Highway Trust Fund, American Trucking Associations
While the number of incidents of cargo thefts in the U.S. declined in the first quarter of the year from the same time in 2014, the average value of each heist jumped 25%, according to the logistics security services provider FreightWatch International.
Tags: Crime & Fraud, Cargo Theft, FreightWatch, Crime
North American freight shipment volume and payments were up for the third month in a row during April, according to the latest readings from the Cass Freight Index.
Tags: Economy, Cass Freight Index
May 11, 2015 - Industry News
Trucking brought in over $700 billion, the highest revenue ever for the industry, according to an American Trucking Associations report.
Tags: ATA, Revenues, Industry Trends
Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop
The FTR Trucking Conditions Index fell slightly in March to a reading of 7.3, reflecting lessened demand for truck services and normalizing fuel costs.
Tags: Economy, FTR, Trucking Conditions Index, Manufacturing
May 8, 2015 - Industry News
Trucking technology executives talked about strategies, gamification, analytics and more during the ALK Transportation Technology Summit.
Tags: Information Technology, ALK Transportation Technology Summit
OEM powertrain integration will ultimately positively disrupt the telematics industry, according to Matthew Pfaffenback, director of telematics, Daimler Trucks North America, speaking at the ALK Transportation Technology Summit.
Tags: OEM, ALK Transportation Technology Summit, Telematics, Daimler Trucks North America, Diagnostics
ShipCarsNow and Ready Auto Transport have joined forces to provide truck or rail transportation to vehicle shippers as a response to increasing volumes for remarketed and new cars.
Tags: ShipCarsNow, Cox Automotive, Ready Auto Transport, Vehicle Transportation, Railroads
In an operation the FBI called "theft and greed on a large scale," a former insurance broker has pleaded guilty to bilking nearly 800 trucking companies out of $3.7 million for phony cargo insurance.
Tags: Insurance, Georgia, Crime & Fraud
Unemployment in the U.S. fell in April, hitting a near seven-year low following weak job additions in the first quarter of the year.
Tags: Economy, Unemployment, Employment
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