14 Sep Freight Factoring on Upswing in 2017 Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to sell invoices benefit from a robust spot market, industry executives say. Read more...
14 Sep Unexpected Drop in Jobless Claims Shows Sturdy Job Market Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14. Read more...
14 Sep Trimble Acquires Electronic Freight Monitoring Company 10-4 Systems Trimble Inc. has added another piece to its growing portfolio of transportation technology services with the purchase of 10-4 Systems, a company that provides a way for shippers and carriers to electronically monitor the movement of goods and process freight transactions. Read more...
14 Sep Mack Launches Long-Awaited New Highway Tractor, the Anthem ALLENTOWN, Pa. — Mack Trucks introduced the Mack Anthem, its long-awaited new highway tractor, to an arena packed with dealer representatives, who company executives thanked for their patience and who were promised a truck that boasts gains in fuel efficiency, driver comfort and technological innovation compared to previous models. Read more...
13 Sep New York Teamsters Pension Cuts to Take Effect Despite 2-1 Opposing Vote The U.S. Treasury Department on Sept. 13 announced that active and retired Teamsters across upstate New York had voted against big pension reductions by better than a 2-1 ratio. Read more...
13 Sep Daimler’s Smart Car Delivers a Song-and-Dance About Self-Driving Challenges In a musical fantasy for Daimler AG’s Smart brand, performers at the Frankfurt motor show this week literally sang out the virtues of an autonomous two-seater, with the spectacle suggesting there’s more fiction than fact in robo-cars. Read more...
13 Sep Illinois County Hears Proposal for $1.2 Billion Warehouse Development Will County officials recently got a peek at the proposed 2,200-acre business park in Jackson Township, Ill., with its developers’ promises of pumping revenue into the Elwood and Manhattan areas, while keeping trucks off residential roads. Read more...
13 Sep Drivers Remain Essential Amid Autonomous Technology, Trucking Execs Tell Senate Panel WASHINGTON — As autonomous technology evolves, drivers will remain integral to the movement of goods and services for the foreseeable future, top trucking executives told senators concerned about potential disruptions in the labor force. Read more...
13 Sep FedEx Worker Goes Viral After He Personally Delivers Generators Ahead of Hurricane Irma FedEx generated some good will with at least one Florida customer late last week as Hurricane Irma began its ominous approach. Read more...
13 Sep CARB Will Regulate Trailers If EPA Vacates Section of Phase 2 Whatever federal authorities may or may not do to alter parts of the U.S. Phase 2 regulation of greenhouse gases from trucks, California will keep regulations in place that are at least as tough as the October 2016 final rule, and might even get more strict and encompass aspects of nitrogen oxide emissions. Read more...