
Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
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Paccar Inc. reported first quarter earnings of $378.4 million, a 38% gain from the same time a year ago, while net sales and financial services revenue increased 10% to $4.83 billion.
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The U.S. Environmental Protection Agency recognized Penske Truck Leasing and Sonoma County Fleet Operations as two of the seven winners of its Clean Air Excellence Award.
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Following some gains in oil prices over the past week, the average cost of on-highway diesel has recorded the first increase in its nationwide average cost in six weeks, according to new U.S. Energy Department figures.
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Con-way Truckload is buying 635 new twin-screw tractors equipped with automated manual transmissions -- a move that will more than double the AMTs to nearly half its fleet.
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Class 8 truck orders were weak in March, with just over 24,600 units ordered due to a seven-month backlog of unbuilt orders from last year. Medium-duty orders were up thanks to strong truck and bus segments.
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The American Trucking Associations is again urging the Department of Transportation to “move forward” with a rulemaking requiring installation of electronic speed-limiting devices on Class 7 and 8 trucks.
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The Minnesota Trucking Association and others are suing the state trying to end its 10% biodiesel mandate.
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Downspeeding isn't a good approach to fuel savings in high GVW applications, so Navistar is offering Canadians a ProStar ES spec designed for 110,000 GVW. It features Eaton's 16-speed UltraShift and engines from Cummins and Navistar optimized for higher weights.
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A final rule mandating electronic logging devices will still be published in September, while publication of a proposed rule to mandate speed limiters and one to establish a carrier safety-fitness determination system have been delayed a month.
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