26 Oct Opinion: Times Are Good, but Our Industry Can't Rest It is a great time to be in trucking. Signs demonstrating the strength of our industry and economy are everywhere. Read more...
26 Oct Tight Inventory Raises September Used Truck Prices The sale price of the average Class 8 used truck jumped 13% in September amid ongoing demand for trucks in a market where freight is plentiful and capacity is tight, ACT Research Co. reported. Read more...
25 Oct Universal Logistics Reports Best-Ever 3Q Results Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year. Read more...
25 Oct USA Truck Continues Turnaround With Improved Results in 3Q USA Truck reported higher revenues and profits in the third quarter of 2018, continuing a financial turnaround started in 2017. Read more...
25 Oct LTL Carrier Old Dominion 3Q Financials Beat Analysts’ Expectations Citing the strong U.S. economy and available capacity, Old Dominion Freight Line Inc. produced record results for revenue and profitability during the third quarter, CEO Greg Gantt said Oct. 25. Read more...
25 Oct Truck Tonnage Dips, but Freight Outlook Remains Strong A year-long surge in freight volume continues despite a modest dip in a widely followed truck tonnage index over the past two months. Read more...
25 Oct Trade Gap Widens in September; Business Equipment Orders Down Again The U.S. merchandise-trade deficit widened to a record in September while orders for business equipment declined for a second month, adding to signs that an escalating tariff war is starting to constrain economic growth. Read more...
25 Oct New Jersey’s Sen. Robert Menendez, Bob Hugin Disagree on Infrastructure Funding This November, if New Jersey voters elect Republican political novice Bob Hugin to the U.S. Senate, President Donald Trump’s chances of advancing an infrastructure funding agenda through Congress next year could improve. Read more...
25 Oct UPS, Seattle to Launch eBike Downtown Delivery Program UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike. Read more...
25 Oct Hair Testing Provisions Enacted as Part of Opioid Measure President Donald Trump on Oct. 24 signed into law legislation aimed at tackling opioid abuse. Read more...