15 Feb Watch TT's Eugene Mulero Talk Infrastructure on C-SPAN Transport Topics reporter Eugene Mulero was a guest on C-SPAN's Washington Journal program Feb. 15, discussing infrastructure funding and taking calls from viewers. Click here for a link to watch a replay of the interview. Read more...
14 Feb XPO Logistics Reports Disappointing Earnings XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com. Read more...
14 Feb Editorial: Good Places to Start In the nine years that the American Transportation Research Institute has been producing a list of the worst bottlenecks in the United States, three spots have had the inauspicious honor of landing at the top of the list. These same three are consistently awful, even if from year to year one is worse than the others. Read more...
14 Feb ELD Exemption for Livestock Haulers Part of Fiscal 2019 Congressional Funding Deal Included in the law signed by President Trump Feb. 15 that funds federal agencies through fiscal 2019 is a provision that exempts livestock and insect haulers from the electronic logging device requirement. Read more...
14 Feb New ARTBA President to Congress: Fix the Highway Trust Fund WASHINGTON — Dave Bauer, the new leader of the American Road and Transportation Builders Association, said he believes that raising and indexing federal fuel taxes is the best way to achieve sustainable funding for infrastructure upgrades needed around the country. Read more...
14 Feb Class 8 Sales Jump 39.7% in January Daimler Trucks North America rode its Freightliner brand to a nearly 50% market share of U.S. Class 8 retail sales in January as volume industrywide cleared 20,000 units, WardsAuto.com reported. Read more...
14 Feb Nuro Raises Nearly $1 Billion From SoftBank Vision Fund Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release. Read more...
14 Feb Ryder Posts Record Revenue for 4Q, Full Year A strong economy and demand for freight movement led Ryder System Inc. to declare record revenue for its final 2018 quarter and the full year. Read more...
14 Feb Truck Parking Shortage Costs Drivers $4,600 a Year, Expert Says ORLANDO, Fla. — The difficulty of finding truck parking is pushing drivers out of the business and contributing to the industry’s persistent driver shortage, according to experts who spoke at the Natso annual convention, held here Feb. 10-13. Read more...
14 Feb Amazon Ditches Plans for New York Headquarters Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said. Read more...