26 Apr Ford Retreats From American Car Business to Focus on Trucks, Commercial Vehicles Ford Motor Co. is cleaving an additional $11.5 billion from spending plans and dropping several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. Read more...
26 Apr Schneider Posts Record 1Q Profits, Raises Forecast for Year Schneider National posted record earnings and double-digit gains in revenue in the first quarter of 2018 and raised its profit forecast for the year. Read more...
26 Apr FMCSA Announces Delay of Rule Involving Driver Medical Cards A new federal rule due for implementation in June that would eliminate the need for truck drivers to carry their medical cards has been delayed for three years due to a hack of the registry of certified medical examiners in December. Read more...
26 Apr House Includes Trucking Meal, Rest Break Provision in FAA Bill A proposal aimed at ensuring nationwide uniformity for meal-and-rest-break rules for truckers was attached to an aviation reauthorization measure the U.S. House of Representatives took up on April 26. Read more...
26 Apr Tesla Autopilot Chief Jim Keller Latest Executive to Leave Company Tesla Inc.’s Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker led by CEO Elon Musk. Read more...
26 Apr Orders for Capital Equipment in March Ease Unexpectedly Orders placed with U.S. factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more moderate pace of capital spending, a Commerce Department report showed April 26 Read more...
26 Apr California Republicans Hope to Ride a Gas-Tax Repeal to Victory In a Central Valley, Calif., barn decked out in red, white and blue, dairyman and state Senate candidate Johnny Tacherra drew cheers from a crowd of fellow farmers when he said he opposes the California Legislature’s hike on gas taxes and vehicle fees. Read more...
26 Apr Prices Rise 3% in March as Used-Truck Volumes Remain Strong The average Class 8 truck sold in March underscored that more mileage on a younger truck need not be a detriment to a higher sales price — as the overall volume stayed in the mid-20,000 range. Read more...
26 Apr FHWA Announces Plan for Updated Truck Parking Survey The Federal Highway Administration has notified state transportation officials and private truck stop operators that it is drawing plans to update the 2014 nationwide “Jason’s Law” survey that assessed the availability of truck driver parking. Read more...
26 Apr Downturn in Oil Field Services Slashes Profits for Mullen Group A surge in revenue from truckload freight hauling was enough to offset a downturn in oil field services for Canada’s Mullen Group, but the extra profits from trucking weren’t enough to salvage the company’s bottom line, which took a big hit in the first quarter. Read more...