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Old Dominion Freight Line benefited from the strong economy with a record-setting quarter. The North-Carolina-based less-than-truckload carrier reported on Oct. 25 that its third-quarter revenue rose 21.2% to $1.06 billion and that its diluted earnings per share grew by 71% to $2.12.
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Groendyke Transport is buying the tank truck assets of McKenzie Tank Lines, a deal Groendyke says is the largest acquisition in its history and significantly expands its presence in the Southeast.
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Total trailer net orders of more than 58,000 units were up 52% month over month – and 135% better than this time last year, according to ACT Research.
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Wabco officially opened its new Americas headquarters in Auburn Hills, Michigan. Home of Wabco’s North American and South American operations, the facility also represents a $20 million investment aimed at supporting the development of autonomous, connected, and electric commercial vehicles.
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Rick Reynolds, the 2018 Truck Dealer of the Year, recently spoke at Indiana University’s Kelley School of Business, sharing his personal story and leadership experiences with students in entrepreneurship classes.
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President Trump signed into law on Oct. 24 legislation that contains provisions on hair testing for illegal drug use that have been long sought by trucking lobbies.
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The comment period for the Federal Motor Carrier Safety Administration’s advance notice of proposed rulemaking on the financial responsibility of freight brokers and forwarders will expire on Nov. 26.
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Kenworth is now offering a factory-installed twin-steer configuration of its T880S vocational model.
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The American Transportation Research Institute has launched an initiative to collect and warehouse anonymized electronic logging device data to help the industry address other industry problems.
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Mack LR Model upgrades include an emphasis on driver comfort and improved safety with new standard features.
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