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It's looking like a good Christmas for Navistar and FedEx. The truck and engine maker managed to cut back on its losses in its most recent fiscal quarter and likely no longer will have an SEC investigation hanging over its head. Meanwhile, FedEx saw better earnings due to record holiday business.
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A measure of truckload linehaul rates shows some improvement from the same time a year ago, while a separate report shows intermodal rates continue to sink.
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A rally in spot truckload freight rates appears to have fizzled last week, as truck capacity jumped 21% while available freight fell 18% compared to the previous week, according to DAT Solutions.
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Congress is expected to further nail down the suspension of two restrictions placed on the 34-hour restart provision of the hours of service rules — and to bar the door to legalizing twin 33-foot trailers on highways nationwide.
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After several months of beta testing Cargomatic has officially launched service in the San Francisco Bay Area, including San Francisco, Oakland, and San Jose.
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The U.S. Federal Reserve’s Open Market Committee on Wednesday decided to push short-term interest rates higher for the first time since 2006.
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Chevron has launched a PC-11 Public Education Campaign aimed at “building awareness and clarity” about the new API CK-4 and API FA-4 oil-service category specs approved last week.
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Peterbilt has added auto-start technology to its SmartAir no-idle system to help keep main and auxiliary batteries charged while running the air conditioning system and using other electronic devices.
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McLeod Software’s fleet management platform LoadMaster will now connect with the Teletrac Fleet Director hours of service platform.
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Economic reports Wednesday morning ahead of the U.S. Federal Reserve's Open Market Committee didn't offer a clear picture on the state of the economy, with slower manufacturing growth but a boost in housing numbers.
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