24 Jul Tonnage Rises 7.8% in June, Up 8% in First Half of 2018 Truck tonnage continued its powerful run in June, rising 7.8% compared with year-ago levels and up nearly 8% through the first half of 2018, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index. Read more...
24 Jul Idaho Grand Champion Tim Melody Is Living Out the Career He Always Dreamed Of Tim Melody remembers being a child and having his father describe truck drivers to him as "knights of the highway." Now Melody, with 3.2 million safety miles and an Idaho Grand Champion title on his resume, can be considered one of those knights himself. Read more...
24 Jul Big Oil Is Raking in Cash, So Investors Are Asking: Now What? The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. Read more...
24 Jul Shuster Unveils Draft Infrastructure Plan Proposing to raise taxes on fuel, ensuring the long-term solvency of the Highway Trust Fund, establishing a volunteer vehicle miles traveled program, and imposing a tax on bicycle tires are key provisions included in a draft infrastructure plan the top transportation leader in the U.S. House unveiled July 23. Read more...
24 Jul Uber’s Self-Driving Fleet Returns to Pittsburgh Roads — With Drivers in Control Uber’s self-driving cars returned July 24 to Pittsburgh’s streets four months after one of its autonomous SUVs hit and killed a woman crossing a street in Tempe, Ariz. Read more...
24 Jul CIT Group Plans to Expand Capital Equipment Finance Team In an effort to expand its leasing and financing solutions to all stages of the supply chain, CIT Group Inc. said July 19 it is creating a Logistics Finance unit within its existing Capital Finance Business division. Read more...
24 Jul Putin, Xi at BRICS Summit Expected to Take Aim at US Tariffs Russian President Vladimir Putin, Chinese President Xi Jinping and other leaders of the BRICS emerging economies are gathering in South Africa for a summit likely to feature criticism of U.S. President Donald Trump’s wave of tariffs on foreign goods. Read more...
24 Jul Werner’s Revenue, Earnings Improve in Second Quarter Omaha, Neb.-based Werner Enterprises announced improved earnings and revenues when it released its second-quarter financial report on July 23. Read more...
24 Jul Paccar Hits Record 2Q Revenue, Profits Surge Truck maker Paccar Inc. in the second quarter rode strong performances from all sectors of its business to record quarterly revenue and a surge in net income. Read more...
24 Jul UNLV, German Research Company Work on Autonomous Delivery Truck University of Nevada-Las Vegas is joining German research company Fraunhofer IVI to develop an autonomous delivery truck, the university announced. Read more...