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Shale energy exploration, the growing practice of deep horizontal drilling to harvest oil and natural gas previously beyond reach, has changed America’s energy industry and overall economy.
Read More →FTR Associates has released preliminary data showing January Class 8 truck net orders at 22,235, 7% higher than December but down 11% year-over-year. Orders for Class 8 vehicles have been above the 20,000 mark for the past four months, showing some strength after a soft period mid-year 2012.
Read More →Global alternative asset manager The Carlyle Group L.P. has completed its acquisition of DuPont Performance Coatings for $4.9 billion and announced that the company is being renamed Axalta Coating Systems.
Read More →Pressure Systems International has announced the hiring of Jonathan Gravell as sales and marketing specialist.
Read More →In 1988, with two eighteen-wheelers a new trucking company, founded by entrepreneurs Gary Hanke and Dan Lockard, began their first over-the-road haul. They named their business Pegasus Transportation.
Read More →Factory orders in December offered better economic news than last week's GDP numbers, though not as good as analysts were expecting.
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The Federal Motor Carrier Safety Administration has granted the first exemptions to rules for interstate commercial drivers when it comes to hearing standards.
Read More →Paccar reported record revenues for 2012 and its 74th consecutive year of net profit. Paccar’s annual revenues of $17.05 billion were the highest in company history and the $1.11 billion of net income was the fourth best in its history.
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A looming strike at East and Gulf Coast ports has been avoided as the months-long labor negotiations finally reached a tentative agreement. Late Friday, Federal Mediation and Conciliation Service Director George H. Cohen, who has been moderating the negotiations since last year, issued a statement indicating that a tentative agreement had been reached regarding the Master Agreement between the United States Maritime Alliance and the International Longshoremen’s Association.
Read More →Transport Canada recently released the results of a study on the safety and environmental performance of low rolling resistance tires. Low rolling resistance tires are designed to improve vehicle fuel efficiency. They are made of advanced materials and have treads, dimensions and weights that help to minimize the energy lost as the tire rolls across the road surface.
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