04 Apr Tesla Plunges as Delivery Drop Deepens Demand Concerns Tesla Inc. shares plummeted as a record decline in deliveries during the first quarter stoked concern of slackening demand for the Model 3 sedan that started selling less than two years ago. Read more...
04 Apr Tech Investor Iconiq Buys Majority Share of Truckstop.com A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service. Read more...
04 Apr Investment Firm Regains Ownership of GlobalTranz GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the company’s aggressive growth strategy. Read more...
04 Apr FMCSA to Drivers: Don’t Overthink Personal Conveyance Time LOUISVILLE, Ky. — Some truck drivers still are grappling with the definition of personal conveyance time. They shouldn’t be, according to a top executive for the Federal Motor Carrier Safety Administration. Read more...
03 Apr Crash Not Your Fault? FMCSA Says Soon It Won't Hurt Your CSA Score LOUISVILLE, Ky. — Beginning in August, the Federal Motor Carrier Safety Administration plans to make permanent a demonstration program that allows truck crashes in which the driver was not at fault to be listed as “not preventable” in Compliance, Safety Accountability program scores. Read more...
03 Apr Louisiana’s Courville Gets Crowned, Again, at State Truck Driving Championships It is no surprise that defending Grand Champion Eric Courville showed up with his game face on for the Louisiana Truck Driving Championships on March 29. He came and he conquered, scoring 391 points to reign supreme again. Read more...
03 Apr Industry Objects to Plan to Privatize Military Moves A plan to turn over responsibility for household-goods moves for military personnel to a single third-party transportation manager is running into opposition from industry leaders who say the idea is flawed and won’t rectify the problems U.S. Transportation Command said it wants to address. Read more...
03 Apr Let Congress Decide Privacy Safeguards for Autonomous Vehicles, 2020 Hopeful John Delaney Says WASHINGTON — Questions regarding the use of data collected from self-driving vehicles will need to be addressed by policymakers when they craft a regulatory framework that would govern the technology in the coming years, a former member of Congress and 2020 presidential aspirant said April 3. Read more...
03 Apr Canadian Oil Rally May Falter Amid Pipeline Delay, Deloitte Says The stubborn, sharp rise in Canadian heavy crude prices finally may falter later this year, when swelling output overwhelms a pipeline system that will be lacking a key project producers had counted on, according to Deloitte. Read more...
03 Apr Bison Transport Acquires H.O. Wolding as Canadian Firms Eye US Expansion Bison Transport Inc. acquired Amherst, Wis.-based H.O. Wolding Inc., a 320-truck dry van fleet, marking a further expansion by the Winnipeg, Manitoba-based trucking firm into the United States. Read more...