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While the end of 2017 brought a record decline in weekly depreciation for cars, volume-weighted, overall truck segment (including pickups, SUVs, and vans) values declined by 0.54% the last week of 2017, according to Black Book. This is in line with the average weekly adjustment of 0.57% over the previous four weeks.
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Given the headlong – and continuing – rush to comply with the electronic logging mandate that began kicking in last month, few carriers may be up to speed on the anti-coercion rule. However, fleets will want to be conversant with this rule because it can legally help drivers maximize their available driving hours.
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UPS has announced it has reserved 125 Tesla Semis, the new electric Class 8 truck that was recently unveiled by Elon Musk.
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Package-hauling giant UPS signed an agreement with Big Ox Energy to purchase 10 million gallon equivalents of renewable natural gas per year. UPS said this is the company’s largest investment in RNG to date.
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The U.S. housing market improved in October following some ups and downs earlier in the year, while industrial production jumped in part due to increased manufacturing. And e-commerce retail sales continued booming in the third quarter.
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UPS has joined the Blockchain in Trucking Alliance, stating that it sees a need to create industry standards and protocols to enable blockchain platforms to operate together with established technologies.
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UPS has announced that it is equipping more than 5,700 of its existing Class 8 tractors with advanced collision mitigation technology that can alert drivers to moving and stationary objects around the vehicle.
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The mainly less-than-truckload fleet Old Dominion Freight Line Inc. has reported its profit rose nearly 20% in the third quarter of the year, due in part to a better overall economy and freight rates.
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ORLANDO – Three of North America’s largest trucking associations – American Trucking Associations, the Canadian Trucking Alliance, and Mexico’s CANACAR – have come to the defense of the North American Free Trade Agreement, which they see as a business driver.
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ORLANDO – The Trump administration will make it easier for groups such as the American Trucking Associations and the trucking industry to put in place apprentice programs to cross the job skills gap and help address driver and technician shortages, said U.S. Labor Secretary Alex Acosta at ATA’s annual meeting.
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