04 May US Payrolls Rebound to 164,000 Gain; Jobless Rate Hits 3.9% U.S. hiring rebounded in April, and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department figures showed May 4. Read more...
04 May Speeders More Likely to Practice Other Unsafe Behavior Truck driving video analysis firm SmartDrive Systems reports that drivers who speed are three times more likely than their nonspeeding peers to practice unsafe following distances, 45% more likely to be in a near collision and 2½ times more likely to be distracted while driving. Read more...
03 May Minnesota Safety Officials Look to Driverless Vehicles to Reduce Fatalities The late snowfalls in Minnesota this year might help autonomous vehicle developers save lives. Read more...
03 May Truck Master Warranty Appoints Joe Gelfo President Truck Master Warranty and Specialty Administration Services has promoted longtime vice president Joe Gelfo to president. Read more...
03 May Trade Gap Narrows to $49 Billion; Drop of $8.8 Billion Biggest Since 2009 The U.S. trade deficit narrowed in March by the most in two years, while last week’s unemployment filings were below estimates and productivity gains remained lukewarm in the first quarter. Here’s what you need to know from the economic reports out the morning of May 3. Read more...
03 May Meritor Reports 2Q Results in Busy Week Parts supplier Meritor Inc. had a busy week, attending the Advanced Clean Transportation Expo in Long Beach, Calif., releasing quarterly results, buying a manufacturing company and announcing a collaboration with major truck manufacturer Peterbilt. Read more...
03 May Eaton Posts 12% Increase in 1Q Earnings Eaton Corp. reported May 1 that first-quarter net income was $488 million, up 12% or $1.10 per share, which compares with $435 million or $0.96 per share for the first quarter of 2017, according to the Dublin-based power management company. Read more...
03 May YRC Worldwide Reports First-Quarter Loss YRC Worldwide announced a net loss of $14.6 million in the first quarter, yet the result marked a nearly $11 million improvement when compared with the year-ago period, when it lost $25.3 million, the less-than-truckload carrier announced May 3. Read more...
03 May Higher Gas Prices Push US Consumer Comfort to Seven-Week Low Rising prices at the gas pump helped drive U.S. household sentiment to a seven-week low at the end of April, the Bloomberg Consumer Comfort Index showed May 3. Read more...
03 May Mobile Repair Shop Dickinson Buys Fleet Enterprises Independent fleet management firm Dickinson Fleet Services has purchased Fleet Enterprises Inc. and its operations in Indiana, Kentucky, Michigan, Ohio and Pennsylvania. Read more...