03 Nov Daphne Jefferson Retires from No. 2 Post at FMCSA Daphne Jefferson, deputy administrator for the Federal Motor Carrier Safety Administration, is retiring effective Nov. 3 from her post as the No. 2 leader at the agency, an FMCSA spokesman said. Read more...
03 Nov SoCal Ports Approve Aggressive Air Quality Rules for Moving Cargo The ports of Los Angeles and Long Beach announced they have approved the 2017 Clean Air Action Plan Update that sets out aggressive clean air strategies for moving cargo through the nation’s busiest container port complex — which is on pace for the busiest year ever. Read more...
03 Nov ArcBest Profits Surge 14%, Although Results Fall Short of Wall Street Forecast ArcBest Corp. announced earnings in the third quarter rose 14%. Although it fell a penny short on the Bloomberg News consensus forecast, the results ended what was a fairly positive season for the less-than-truckload industry. Read more...
03 Nov Judge Rules Otto Trucking No Longer a Co-Defendant With Uber in Waymo Case Waymo was dealt a fresh setback in its fight with Uber Technologies Inc. with a series of unfavorable rulings ahead of a high-stakes trial next month over driverless technology. Read more...
03 Nov SmartDrive Adds Facial Plane Analysis to Driver Monitoring System SmartDrive Systems has ramped up the battle for market share in the growing video safety and transportation intelligence arena, introducing a new driver-assist sensor product addressing distracted driving. The San Diego tech firm also garnered an investment from Michelin North America. Read more...
03 Nov USA Truck 3Q Results Back in the Black USA Truck Inc. got out of its losses doldrums in the third quarter, reporting net income of $400,000, or 5 cents per share, in contrast to a net loss of $700,000, or negative 9 cents per share, in the third quarter a year ago. Read more...
03 Nov US Adds 261,000 Jobs as Storm Effects Reverse; Wages Stall U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma, Labor Department figures showed Nov. 3. The jobless rate fell to the lowest since 2000 while wages stalled. Read more...
02 Nov YRC Profits Plunge 78% in Third Quarter YRC Worldwide CEO James Welch was hopeful three months ago that the third quarter would be in line with the second quarter, but that was before two hurricanes wreaked havoc in Texas and Florida. Read more...
02 Nov Class 8 Orders Rocket Higher, Up 160% Year-Over-Year Preliminary October North American Class 8 net orders significantly surpassed expectations, rising to 36,200 units, ACT Research Co. reported. Read more...
02 Nov Ryder Launches ELD Platform for Commercial Rental Customers Ryder System has teamed with Geotab to launch the Ryder electronic logging device platform for commercial rental customers in North America. Read more...