30 Apr Allison Transmission Income, Revenues Jump in First Quarter Allison Transmission reported first-quarter 2018 net income of $151 million, or $1.09 per share, up 82% from the $83 million, or 53 cents per share, of net income reported in the first quarter of 2017. Read more...
30 Apr Diesel Rises Again, Adds 2.4¢ to Reach $3.157 a Gallon The U.S. average retail price of diesel fuel rose 2.4 cents to $3.157 a gallon, the sixth straight week that the trucking industry’s main fuel has increased in price, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration. Read more...
30 Apr Drive Train Industries, Inland Truck Parts Announce Merger Two longtime employee-owned rivals have signed an agreement to merge after working independently in the truck parts and service business since the end of World War II. Read more...
30 Apr Deaf Washington Man Finally Can Follow in Grandfather’s Footsteps as a Truck Driver Justin Brooks has dreamed of the open road since he was a young child, riding along in the front seat of his grandfather’s truck on shipping routes. Read more...
30 Apr FedEx Office Imposes Photo ID Policy in Response to Austin Bombings FedEx Office has started asking customers to show photo identification when mailing packages from one of its 1,900 stores. Read more...
30 Apr Get Ready for the Most Expensive Driving Season in Years Get ready for a little bit more pain at the pump this summer. Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way. Read more...
30 Apr Driverless Tech Companies Face Scrutiny Over Safety Transparency On March 18, a robot-driven Volvo operated by Uber hit and killed a pedestrian in Arizona. Advocates for automation maintained that the tragedy shouldn’t detract from the likelihood that driverless technology is eliminating human error and making driving safer. Read more...
30 Apr Opinion: New Lease Accounting Rules May Hit Smaller, Private Carriers Hardest Updated lease accounting rules that take effect in December promise to keep finance and accounting executives busy this year. Read more...
30 Apr Anthony Levandowski to Defend Himself Against Google’s Breach-of-Contract Claims Uber Technologies Inc.’s settlement of Waymo’s trade-secrets lawsuit in February left a key piece unresolved: the role played by Anthony Levandowski, the engineer at the center of the alleged theft of critical self-driving technology. Read more...
30 Apr Vietnam Airlines Considers Creating Cargo Unit to Boost Revenue Vietnam Airlines CEO Duong Tri Thanh said his company is looking to start a dedicated cargo unit. Read more...