A rally in spot market freight rates seen last week turned out to be short-lived, with across-the-board declines being reported in new numbers from the freight matching service provider DAT Solutions. Reefer rates fell an average of 2.5% to $2.35 per mile for Dec. 7 through Dec. 13 compared to…
Navistar International Corp. today reported a fourth-quarter 2014 net loss of $72 million compared to a fourth-quarter 2013 net loss of $154 million, or $82 million less. Revenues in the quarter were $3.0 billion, up $257 million or 9.3 percent, versus fourth-quarter 2013. “Our fourth-quarter results — and the results…
US Transportation Secretary Anthony Foxx announced a DOT change which eliminates paperwork which is now costing an estimated 46.7 million hours each year. The change will save an estimated $1.7 billion annually without compromising safety. Read more here.
As shippers of everything from toys to tools enjoy as much as $24 billion in savings from lower diesel surcharges next year, trucking companies see an opening to raise freight rates at a pace not seen in about a decade. The American Trucking Associations calculates that each 1-cent drop spurs…
Time running short, Republicans and Democrats agreed Tuesday night on a $1.1 trillion spending bill to avoid a government shutdown and delay a politically-charged struggle over President Barack Obama’s new immigration policy until the new year. The Associated Press reported late Tuesday night that the provision offered by Sen. Susan…
Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Portfolio managers from Goldman Sachs, Fidelity, and Federated Investors were among the 65 funds that…
While Google and numerous automakers plan to soon unleash self-driving cars on the roads, they might do that faster with the help of the logistics industry for a simple reason: they offer a near perfect training ground for the initial trials of automated vehicles. That’s because shipping companies such as…
Andrew Huang opens his small black suitcase. He snaps on a few propeller pieces, locks in a battery pack and then a camera. A few taps on his tablet, and his SkyRanger drone is suddenly airborne, moving vertically up, flying high over a parking lot, snapping video and pictures below.…
International Truck unveiled a new fuel efficiency package for its ProStar model, called ProStar ES. Short for efficiency specification, the ES package combines enhanced aerodynamics with improved powertrain efficiency and Navistar’s proprietary OnCommand Connection remote diagnostics system. “The ProStar ES is a package, an ecosystem, if you will, developed by…
Goodyear has announced plans to start testing its self-inflating tire technology on trucking fleets in the US and Canada, something that is set to take place “in the next few months”. The testing is being done under an ongoing research project that has, among other things, support from the Department…
