Third-quarter earnings rose at several truckload carriers amid growing caution about future industry conditions.
November 1, 2015BusinessSafetyEquipmentGovernmentAutonomous
Used Truck Prices Slump at Auctions, Analysts Say
A major auction of fleet-owned, model year 2012-2013 sleeper trucks in mid-September pulled in lower-than-expected prices and may have signaled the start of a market erosion, according to Chris Visser, an analyst with American Truck Dealers.
November 1, 2015BusinessGovernmentSafetyEquipmentAutonomous
Cummins to Cut Workforce as Truck Engine Sales Fall
Engine maker Cummins Inc. said last week it would reduce its workforce by 2,000 employees, or about 4% of its global payroll, and close or restructure some manufacturing facilities as a result of lower demand for its products, including truck engines.
November 1, 2015BusinessSafetyGovernment
Texans Slated to Vote on Proposition 7, Which Provides $2.5 Billion for Roads
A year after overwhelmingly voting for Proposition 1, which devotes about $1.2 billion to the state’s highway fund, Texans will consider another transportation initiative, Proposition 7, when they go the polls on Nov. 3.
November 1, 2015BusinessGovernment
House Preps Highway Bill After 35th Funding Patch
A multiyear highway bill that would jump-start the process for the Federal Motor Carrier Safety Administration to reform its program that scores motor carriers on safety performance is likely to reach the House floor as early as this week.
November 1, 2015GovernmentBusinessSafetyAutonomous
Foxx 'Cautiously Optimistic' About Passage of Long-Term Highway Bill
Transportation Secretary Anthony Foxx is “cautiously optimistic” that Congress will pass long-term transportation legislation in the near future.
October 29, 2015GovernmentBusinessSafetyAutonomous
ATA Chairman Hopeful Speaker Paul Ryan ‘Will Lead’ Passage of Highway Bill
American Trucking Associations Chairman Pat Thomas has a message for new Speaker of the House Paul Ryan.
October 29, 2015GovernmentBusiness
Nafta Truck Freight Value Declines for Second Month
The value of U.S. trade with Canada and Mexico carried by truck declined for the second consecutive month, the Bureau of Transportation Statistics reported Oct. 29.
October 29, 2015GovernmentBusinessSafety
Rural Areas Receive Record Percentage of DOT TIGER Grants
Transportation Secretary Anthony Foxx announced Oct. 29 that the department will issue $500 million in infrastructure grants covering 39 projects in 34 states.
October 29, 2015Government
Economic Growth Cools as US Companies Rein in Inventories
The U.S. economy expanded at a slower pace in the third quarter as companies took advantage of gains in consumer and business spending to reduce bloated stockpiles.
October 29, 2015