20 Dec Stakeholder Comments Mostly Endorse Trading Rearview Mirrors for Camera Systems Despite some cautionary notes, public comment on a National Highway Traffic Safety Administration advanced notice of proposed rulemaking largely favored permitting camera-based, rear-visibility systems to replace mirrors on light vehicles and heavy trucks. Read more...
20 Dec Knight-Swift Slashes Q4 Earnings Per Share Forecast Knight-Swift Transportation Holdings Inc. has cut its expectations for fourth-quarter adjusted earnings per share to 50 cents to 52 cents compared with the previously announced expectation of 62 cents to 65 cents. Read more...
20 Dec Trade War Turns Seasons Upside Down for Truckers at L.A. Port Some truck drivers at the Los Angeles docks are scrapping over leaner cargoes thanks to the trade war. Read more...
20 Dec Consumer Spending Bump Offset by Inventories in Revised GDP Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%. Read more...
20 Dec Goodyear Purchases Raben Tire to Expand in Midwest The Goodyear Tire & Rubber Co. announced it is expanding its company-owned presence in the Midwest by purchasing Raben Tire Co., based in Evansville, Ind., from affiliates of Palladium Equity Partners, a private equity firm. Read more...
20 Dec US Steel to Eliminate 1,545 Michigan Jobs U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend. Read more...
20 Dec NTSB Cites Lithium Battery Fire in Deadly Crash A speeding teenage driver caused the fatal crash of a Tesla Inc. vehicle in Florida in 2018 and the subsequent fire in the electric car’s battery contributed to the severity of his injuries, a federal investigation concluded. Read more...
20 Dec The Year in Charts: A Reality Check for Trucking After trucking reached dizzying heights in 2018, the industry reflected more realistic conditions over the past 12 months. Class 8 sales performed above replacement levels, tonnage was marked by volatility and trailer orders started strong and faded to a nearly three-year low by May. Read more...
20 Dec A Decade of Ups and Downs in Trucking As we close 2019, we are also wrapping up a decade. While we normally look back at the year that was, it also seems like a good time to review the past 10 years. Read more...
19 Dec USDA Extends Public Comment Period on Hemp Rule to Jan. 29 The U.S. Department of Agriculture has extended the public comment period on its interim final hemp rule for 30 days — until Jan. 29. Read more...