07 Dec Troubled ZF Friedrichshafen Appoints New Chairman; CEO Steps Down German automotive and commercial vehicle supplier ZF Friedrichshafen AG announced Dec. 7 ZF CEO Stefan Sommer will step down immediately. Until a successor is appointed, deputy CEO Konstantin Sauer will assume the role of CEO on an interim basis. Read more...
07 Dec Driver Turnover Hits 95%, ATA Report Shows Driver turnover at large truckload fleets rose 5% in the third quarter to a 95% annualized rate, according to American Trucking Associations, a mixed blessing for the industry as it registers strong freight volumes and an increasing shortage of drivers. Read more...
07 Dec Trump to Discuss Renewable Fuel With Ethanol Critic Ted Cruz President Donald Trump will confront the conflict between farm-state and oil-state Republicans over renewable fuel standards as he meets Dec. 7 with Texas Senator Ted Cruz, a leading critic of requirements for ethanol use, and other Republican lawmakers. Read more...
07 Dec UPS Eyes Delivery of Holiday Packages by Golf Cart in Colorado Town Golden, Colo., residents could see the unwrapping of a new package delivery system right in the middle of this year’s holiday gift-giving frenzy, with UPS Inc. drivers swapping out their trademark brown trucks for golf carts with trailers. Read more...
07 Dec Tell Us: What Was the Top Trucking Issue of 2017? As part of our upcoming Year in Review package, we have one question: What was the most important trucking issue of 2017, and how did it impact you? Click here to e-mail us your answer. Read more...
07 Dec Retired Teamsters Facing Dramatic Pension Cuts See Hope in New Federal Legislation Retired Teamsters around the nation who are facing dramatic cuts to their monthly pensions are keeping their fingers crossed that proposed federal legislation will keep them from financial ruin. Read more...
07 Dec Consumer Comfort Advances to a 13-Week High Improved sentiment about the buying climate and personal finances helped carry household optimism to a 13-week high, Bloomberg Consumer Comfort Index figures showed Dec. 7. Read more...
07 Dec Jobless Claims at Five-Week Low Show Resilient Job Market Applications for unemployment benefits in the U.S. declined to a five-week low, consistent with a resilient labor market, Labor Department figures showed Dec. 7. Read more...
07 Dec Defense Goes on Offense Against Key Witness in Pilot Flying J Fraud Trial CHATTANOOGA, Tenn. - If Pilot Flying J’s top leaders knew its sales executives were cheating customers, why all the code talk, an attorney for the truck stop giant’s former president asked Dec. 6. Read more...
06 Dec Revenues Rise in 3Q for 3PLs as Shipments Jump The third quarter saw a rise in freight shipments and revenues for logistics brokers compared with the same period a year ago, but profit margins fell 40 basis points due to cost increases in the spot market for trucks, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report. Read more...