06 Feb Embark Self-Driving Truck Completes Coast-to-Coast Test Run A self-driving truck operated by tech startup Embark recently completed a test run from Los Angeles to Jacksonville, Fla., which the company hailed as the first coast-to-coast journey by an automated truck. Read more...
06 Feb Survey: US Manufacturers Say Autonomous Trucks Could Cut Costs Manufacturers could save nearly 30% of their total transportation costs through 2040 if autonomous, longhaul trucking is aggressively adopted, according to an analysis of a new survey of U.S. manufacturers by PwC and the Manufacturing Institute. Read more...
06 Feb Prosecutor: Former Pilot Flying J President Approved of and Planned to Expand Fraud Scheme CHATTANOOGA, Tenn. — Former Pilot Flying J President Mark Hazelwood didn’t merely know his sales division was “infected” with a greedy plot to deceive and defraud trucking companies. He promoted the chief architect of the plot and made plans to grow the scheme, a federal prosecutor told jurors Feb. 5. Read more...
06 Feb Trade Deficit Is Wider Than Any Month or Year Since 2008 The U.S. trade deficit widened to the biggest monthly and annual levels since the last recession, underscoring the inherent friction in President Donald Trump’s goal of narrowing the gap while enjoying faster economic growth. Read more...
05 Feb Amtrak Crash Adds to CSX’s Rising Accident Toll A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad’s massive operations overhaul might have compromised safety and contributed to a rise in accidents. Read more...
05 Feb Intermodal Growth Continues in Fourth Quarter Intermodal freight volume grew a solid 5.8% in the fourth quarter and set a record of 9 million international intermodal loadings for the year, according to the Intermodal Association of North America. Read more...
05 Feb Diesel Rises 1.6¢ to $3.086 a Gallon The U.S. retail diesel average increased 1.6 cents to $3.086 a gallon Feb. 5, the Department of Energy reported. The price of trucking's main fuel went up in every region of the country. Read more...
05 Feb US Stocks Sink Most Since 2011 as Rout Deepens U.S. stocks plunged the most in 6 1/2 years Feb. 5, with the Dow Jones Industrial Average sinking more than 1,100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Read more...
05 Feb Opinion: Extreme Winter Temperatures Can Ravage Fuel Filters The historic cold snap that gripped New England and the Mid-Atlantic to kick off the new year challenged fuel handlers, causing sporadic operational issues for diesel fuel distributors and their fleet customers. Read more...
05 Feb BNSF Joins Group Aiming to Use Blockchain in Freight BNSF Railway, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said Feb. 5 that it has joined the Blockchain in Transport Alliance, a group of more than 200 freight and logistics companies that are exploring how to use the digital-ledger technology in their industry. Read more...