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The average cost of on-highway diesel has posted its first price increase so far this year, but remains well below the level from the same time a year ago.
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After only three days of bargaining, about 100 port truck drivers employed by the trucking company Shippers Transport Express, who were reclassified as employees the first of the year and later voted to be represented by the Teamsters Union, approved a collective bargaining agreement on Sunday.
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Volvo Trucks is offering veterans a discount off of approved finance rates for new highway or vocational trucks obtained through a Volvo Trucks dealer.
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Southeastern Freight Lines is expanding its regional LTL business, opening four new services centers in Kentucky and Ohio in response to growing customer need.
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New York City will begin adding side guards to 240 of its medium-duty trucks that will prevent a pedestrian or cyclist from being caught under a vehicle during a collision, Mayor Bill de Blasio has announced.
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Penske Automotive Group appointed industry veteran Richard Shearing as the president of its commercial vehicle dealership business.
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Sens. Michael Bennet (D-Colo.) and Richard Burr (R-N.C.) have reintroduced a bipartisan bill that would allow liquefied natural gas (LNG) to better compete with diesel with taxation based on energy output rather than per gallon.
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Agility Fuel Systems and Clean Energy Fuels announced a joint CNG fuel system sales program to reduce the incremental cost of heavy-duty natural gas trucks. Under the program, Agility and Clean Energy will work with trucking customers and offer CNG fuel systems installed at a substantially reduced cost when there is a natural gas fueling agreement.
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Hankook Tire recorded revenue of about $6.3 billion and an operating profit of $979 million for 2014, the company announced. The overall operating profit was on par with 2013 results.
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Hub Group Inc. did something few other large publicly traded trucking operations have done in announcing earnings: It reported a slight decline in profits.
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