20 Jun Tesla Analysts Warn on Demand, Profits as Quarter Nears End The concerns around the demand for Tesla Inc.’s cars are resurfacing as the second quarter nears a close, with Goldman Sachs analyst David Tamberrino saying volume estimates for the second half of the year and beyond appear to be high, considering there are now fewer “levers to pull to stoke demand going forward.” Read more...
20 Jun Drop in Jobless Claims Latest Sign of Strong Labor Market Filings for U.S. unemployment benefits declined the most in five weeks in another sign the jobs market remains strong, underscoring the outlook of Federal Reserve officials. Read more...
20 Jun Rising Class 8 Sales in May Signal Demand Alive and Well U.S. retail sales of heavy-duty trucks kept up momentum in May, pushing into the 20,000-plus territory for the 10th time over the past year, WardsAutomotive.com reported. Read more...
20 Jun FedEx May See Lackluster Results Lingering Into Next Year FedEx Corp.’s pains are far from over. Expectations from its upcoming fiscal fourth-quarter results already have hit rock bottom, and now analysts say its entanglement in the prolonged U.S.-China trade war may dampen the outlook for the next year as well. Read more...
19 Jun Data Shows There Are More Truckers Than Ever, but Experts Say the Driver Shortage Is Still an Issue While U.S. Census Bureau data shows the number of truckers at an all-time high, industry experts contend a driver shortage remains an issue. Read more...
19 Jun Tonnage Drops 6.1% in May, ATA For-Hire Index Shows Tonnage took a 6.1% decline in May, according to American Trucking Associations’ For Hire Truck Tonnage Index. Compared with May 2018, the seasonally adjusted index increased 0.9%, the smallest year-over-year gain since April 2017. Read more...
19 Jun FMCSA Chief Ray Martinez Tells Congress HOS Proposed Rule in ‘Final Stages’ WASHINGTON — A proposed rule meant to update hours-of-service guidelines for truck drivers will be announced in the near term, Ray Martinez, head of the Federal Motor Carrier Safety Administration, said during a hearing of the Senate Commerce Committee Read more...
19 Jun Kansas 3-Axle, Grand Champ Kevin Mailand Primed for Pittsburgh For Kevin Mailand, the National Truck Driving Championships are going to have a familiar feel. Mailand, a YRC Freight driver with nearly 35 years' experience over the road, captured the 3-Axle crown at the Kansas Truck Driving Championships and in the process punched his ticket to Pittsburgh for nationals. Turn back the clock 10 years: Mailand won in the Twins class to earn Rookie of the Year honors and a trip to the NTDC in … Pittsburgh. Read more...
19 Jun Mexico’s Senate Ratifies USMCA Amid Trump Tariff Cease-Fire Mexico’s Senate ratified a North American trade deal with the U.S. and Canada, becoming the first to do so amid a truce reached with President Donald Trump over an unrelated tariff threat. Read more...
19 Jun Refiners’ Group Asks Appeals Court to Block Expansion of E15 Gasoline A trade organization representing U.S. refiners is asking an appeals court to reject a Trump administration plan to expand nationwide the blending, distribution and year-round sale of E15 fuel. Read more...