10 Aug Elaine Chao Announces New Orleans-Area INFRA Grant Transportation Secretary Elaine Chao recently joined Sen. Bill Cassidy (R-La.) to formally announce the award of a $45 million Infrastructure for Rebuilding America grant to the Louisiana Department of Transportation and Development. Read more...
10 Aug In Times of Trade War, Companies Get Creative to Avoid Tariffs Facing the barrage of President Donald Trump’s tariffs, Steve Katz is ducking for cover in the trade-war version of a demilitarized zone. Read more...
09 Aug Americold Logistics Reports Improved Results in Second Quarter Americold Logistics reported improved financial results for the second quarter with revenue from its temperature-controlled warehousing operations growing 2.8% and profit margins expanding by 150 basis points, or 1.5%, compared with the same period a year ago. Read more...
09 Aug Editorial: Driven — and Driving — to Win Drivers, start your engines! It’s time once again for the National Truck Driving Championships, the annual competition where the skills of the nation’s best and brightest behind the wheel are put to the test. There are numerous individual categories in which drivers can take home a victory, but there can be only one Grand Champion. Who will it be this year? Read more...
09 Aug Daseke Reports Record 2Q 2018 Earnings, Increases Full-Year Outlook Flatbed and specialized trucking company Daseke Inc. reported strong growth for the second quarter of 2018, as acquisitions the growing company made during the past 12 months propelled its financial results. Read more...
09 Aug Shipping Costs Surge, but Driver Pay Lags, Labor Data Shows It’s the talk of corporate America: Shipping costs are surging. Read more...
09 Aug Self-Driving Truck Startup Kodiak Secures $40 Million in Series A Kodiak Robotics, founded in April by Don Burnette and Paz Eshel, said it has raised $40 million from a group of venture capital investment firms, including Battery Ventures, CRV, Lightspeed Venture Partners and Tusk Ventures. Read more...
09 Aug Transportation Secretary Elaine Chao Touts Department’s Approach to Autonomous Policy An update of federal guidelines on autonomous technology that would encompass trucks, transit systems, infrastructure, cars and other modes of transportation will emphasize safety, the country’s top transportation officer said Aug. 8. Read more...
09 Aug Ford Aims to Be Major Player in Autonomous Technology The autonomous technology gap between Ford Motor Co. and its rivals from Detroit and Silicon Valley can be measured in years. Yet even a company playing catch-up in the race to turn self-driving technology into high-margin businesses is drawing interest from outside investors, an indicator of just how much money is pouring in. Read more...
09 Aug US July Wholesale Prices Stagnated as Service Costs Fell U.S. wholesale prices were unchanged in July as costs for services fell for the first time this year, a Labor Department report showed Aug. 9. Read more...