16 Aug Class 8 Sales Increase 8.7% in July U.S. retail sales of Class 8 trucks rose in July, the first year-over-year gain since November 2015, amid reports carriers have begun expanding fleet size to meet rising demand now or to prepare for expected growth in 2018. Read more...
16 Aug Trump Ends Business Councils as CEOs Turn Against President Donald Trump said he’s disbanding two advisory groups of American business leaders, after CEOs quit this week as the president faced blowback for failing to sufficiently condemn white supremacists. Read more...
16 Aug Coming Aug. 23: LiveOnWeb on 'The ELD Landscape Ahead' How will the ELD mandate affect fleets' bottom lines? On our Aug. 23 LiveOnWeb program 'The ELD Landscape Ahead,' TT Managing Editor/Features Seth Clevenger will present the perspectives of a regulator, a fleet executive and a logistics expert. Reserve your seat or ask a question now. Read more...
16 Aug Old Dominion to Raise Rates 3.5% on Sept. 1 Old Dominion Freight Line Inc. will raise rates on Sept. 1, 2017, but at a lower rate than a similar increase announced last summer. Read more...
16 Aug GAO: Condition of Large U.S. Bridges Improving, but Challenges Remain The condition of the nation’s large bridges has improved over the last decade, but state transportation officials have faced challenges constructing or completing major projects on large bridges over the past five years, according to a new report by a congressional watchdog agency. Read more...
16 Aug ‘American Truck Trends’ Quantifies Size of Industry U.S. trucks moved more than 70% of the nation’s freight last year, and the companies that owned those vehicles employed 7.4 million people, according to a new publication from American Trucking Associations. Read more...
16 Aug Two Equity Firms Close to Deal for 3PL Transplace Two private equity firms are close to a deal that will transfer ownership of third-party logistics provider Transplace, probably by the end of September. Read more...
16 Aug FedEx Chief Cites Investment, Integration, Innovation as Driving Record Results FedEx chief Frederick Smith’s annual letter to shareholders credits three I’s — investments, integration and innovation — for exceptional results in fiscal 2017 and the promise of even better future performance. Read more...
16 Aug DHL, Ford Unveil Jointly Made Electric Delivery Van Deutsche Post DHL Group and automaker Ford have unveiled a jointly manufactured electric delivery van amid growing demand for emission-free utility vehicles. Read more...
16 Aug Maersk Says June Cyberattack Will Cost It up to $300 Million A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter. Read more...