Entries for June 2018

DTNA Marks Heavy-Duty Engine Platform Milestone

Daimler Trucks North America is marking the production of its 1 millionth heavy-duty engine platform engine. It is a shared milestone between Detroit’s Redford, Mich.-based manufacturing facility and Daimler AG’s Mercedes-Benz plant in Mannheim, Germany.

Entrepreneur Bill Busbice Acquires FastTrac Transportation

Entrepreneur Bill Busbice has purchased FastTrac Transportation, a 22-year-old trucking company headquartered in Houston whose services include vehicles ranging from pickup trucks to oversize heavy-haul tractors and specialized trailers. Terms of the deal were not disclosed.

Federal Regulators Tout Autonomous Vehicles’ Potential Benefits

Commercial vehicles utilizing automated technology have the potential to increase highway safety and provide a boost to the economy, the country’s top trucking regulator said June 19.

Opinion: Safety Programs Help Protect Fleets, Drivers

According to The National Safety Council, vehicle accidents are among the most costly of injury claims for businesses. The average cost of a loss related to a vehicle accident is nearly twice as much as the average workplace injury.

VW Is Said to Mull Van Alliance With Ford to Share Costs

Volkswagen AG is considering forming an alliance with Ford Motor Co. to share costs for development and production of vans and pickup trucks, according to people familiar with the matter.

Ryder Expands in Maryland With Completed Acquisition

Ryder System Inc. has completed the acquisition of all outstanding equity of Metro Truck & Tractor Leasing. Ryder now will operate Metro’s two Maryland facilities in Beltsville and Baltimore, which provide truck leasing, rental and maintenance services to more than 150 customers with a fleet of 900 units.

Israeli Entrepreneur Races Tesla to Get Electric Trucks on Road

Tevva Motors Ltd., headed by a former Israeli submariner who’s vying with Elon Musk’s Tesla Inc. to develop electric-powered trucks, secured a major investment that will enable it put the vehicles on the road this year.

Former Roadrunner Executives Indicted for Securities Fraud

Two former executives of carrier Roadrunner Transportation Systems were charged June 15 by the U.S. Department of Justice with multiple counts of conspiracy and wire and securities fraud in a scheme that the department claims led to a loss of $245 million in shareholder value.

Truck Tonnage Continues Robust Run, Climbing 7.8% in May

NLRB Rules UPS Illegally Insisted Teamsters Proposal Be Written in English

UPS Supply Chain Solutions Inc. illegally insisted that a Teamsters union local in Puerto Rico translate its proposal for a collective bargaining agreement from Spanish to English, the National Labor Relations Board ruled.