17 Oct Housing Starts Sank 5.3% in September WASHINGTON — U.S. home construction fell 5.3% in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market. Read more...
17 Oct Volvo: ‘Not Clear’ How Many North American Vehicles Are Affected by Component Issue Volvo Group said it could not yet determine the impact of a faulty component on its North American trucks as it was still evaluating the scope of the problem. Read more...
17 Oct Trump Plans Exit From Postal Treaty as Measure Against China President Donald Trump plans to withdraw the United States from a 192-nation treaty that gives Chinese companies discounted shipping rates for small packages sent to American consumers, another escalation of his economic confrontation of Beijing. Read more...
17 Oct Stakeholder Comments to FMCSA Favor HOS Flexibility A sample of last-minute written comments by trucking-related trade organizations mostly were supportive of tweaking federal hours-of-service rules to make them more flexible for commercial vehicle drivers. Read more...
17 Oct Colorado Voters Could Play Role in Determining State’s Oil Output On Nov. 6, voters may spoil BP’s welcome. That’s when it will be decided whether to limit drilling in an initiative that some say could cut the state’s oil output by more than half. The vote is being closely watched, not only by companies keen to join the Colorado boom but also by outsiders who see a potential blueprint for blocking development. Read more...
17 Oct Trailer Orders Soar to All-Time High in September U.S. trailer orders in September skyrocketed to an all-time high, surpassing the previous record by more than 10,000 units, ACT Research Co. reported. Read more...
17 Oct Like Motor Carriers, Truck Insurers Await Changes to Federal CSA Program With potentially big changes coming to the federal Compliance, Safety, Accountability program, insurance companies are hoping for a better way to identify unsafe motor carriers in an environment where insurers may be paying out much higher claims under the current system while some carriers are battling skyrocketing premiums. Read more...
16 Oct Employers Post Record Number of Open Jobs in August WASHINGTON — U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Read more...
16 Oct Fleet Expansion Generates Record Profits at P.A.M. Transportation Services in 3Q Higher rates and a bigger fleet in a strong freight market produced record profits for P.A.M. Transportation Services in the third quarter. Read more...
16 Oct ATA Announces Finalists for 2019-20 America’s Road Team ARLINGTON, Va. — American Trucking Associations released the list of 34 professional truck drivers chosen as finalists for the 2019-20 term of America’s Road Team on Oct. 16. Read more...