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Daimler AG reported a decline in profitiability and revenue in the second quarter and also announced a corportate restructuring which will split off Mercedes-Benz AG, Daimler Truck AG, and Daimler Mobility AG.
Read More →Trucking fleets Old Dominion, Covenant Transport, and Knight Swift all reported higher profits for the second quarter.
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Stemco has hired Eric Vaillancourt as its new president, succeeding Todd Anderson.
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Growth across all business segments let to higher earnings for trucking and parcel delivery giant UPS in the second quarter.
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The “discussion draft” of a wide-ranging infrastructure plan just released by House Transportation and Infrastructure Committee Chairman Bill Shuster is receiving a warm welcome from stakeholder groups, but there’s no guarantee it will be hammered into law.
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Spot truckload rates continued their seasonal decline during the week ending July 21, as the overall number of loads posted on DAT load boards fell 5.5% and capacity increased 1.3%.
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According to sources familiar with the Trump Administration’s plans, the new rules would halt plans to raise fuel economy requirements in California and other CARB states.
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According to the American Trucking Associations, advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index dropped 0.4% to 113 (2015=100) in June, mirroring the 0.4% increase from May.
Read More →The parent company of truck makers Peterbilt, Kenworth, and DAF reported on July 24 a 50% rise in profit and forecast the strong truck sales market will continue into 2019.
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Despite tensions in the Middle East, average diesel fuel prices last week dropped almost 2 cents from the week before, although they’re still 71 cents higher than a year earlier.
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