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Logistics cost as a percent of GDP has been declining over the last 30 years, from 16% before deregulation to 8% now. But while logistics costs have been reduced, productivity has leveled out and may even decrease, according to Stifel's John Larkin, speaking at TMW's annual user conference.
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When Daimler Trucks revealed to the world the first truly autonomous on-highway truck, it was digitally camouflaged to prevent anyone, including competitors, from getting a close look at it. In Hanover, Germany, the day before the official opening of the 2014 International Commercial Vehicle show (IAA), Daimler took the wraps of the truck and showed the worlds its vision of the future.
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Bridgestone will be exploring a natural, domestic source for rubber production at its new Biorubber Process Research Center in Mesa, Arizona.
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The average cost of on-highway diesel has moved lower once again, shedding 2.3 cents from a week ago and hitting it lowest price since mid-July of 2012.
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The U.S. Department of Labor has awarded more than $10 million to 19 states to implement or improve worker misclassification detection and enforcement initiatives in unemployment insurance programs.
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The industry’s effort to shut off public access to truck safety data continues with a proposal by Rep. Lou Barletta, R-Pa., to temporarily shield the information. The Safer Trucks and Buses Act says CSA data should not be available to the public.
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Goodyear is accepting nominations for its Highway Hero program, which honors truck drivers who put themselves in harm’s way to help others.
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The private operator of the Indiana Toll Road has filed for bankruptcy reorganization, following a deal several years ago in which a consortium of Spanish and Australian investors leased the route from the state of Indiana.
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After four consecutive months of gains, existing-home sales slipped in August, according to the National Association of Realtors, but remains near its highest level so far this year.
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The Association of American Railroads has reported increased U.S. rail traffic for the week ending Sept. 13, including intermodal volume posting another record this year.
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