Knight Transportation Inc. said in a Securities and Exchange Commission filing that takeover target USA Truck Inc.’s “recent financial results demonstrate only limited improvement and that its recent share price surge is unsupported by either industry or company specific fundamentals.â€
November 4, 2013BusinessTechnologyEquipmentSafetyAutonomous
Trimble’s Profit Increases in 3Q
Trimble Navigation Ltd. reported higher third-quarter profit than a year ago and said earnings nearly doubled at its segment that includes trucking technology providers PeopleNet Communications Corp., TMW Systems Inc. and ALK Technologies Inc.
October 31, 2013BusinessGovernmentSafetyAutonomous
Truck Drivers Halt Work at Port of Oakland
Some truck drivers at the Port of Oakland stopped working Oct. 21 to protest what they called unsafe working conditions and unfair labor practices, the San Francisco Chronicle reported.
October 22, 2013BusinessAutonomous
Volvo to Restructure Truck Manufacturing in Europe
Volvo Group said it is planning to restructure its truck manufacturing operations in Europe in a move to improve efficiency.
October 16, 2013GovernmentBusinessEquipmentAutonomous
OOIDA Challenges New York Decal Fee
New York state’s registration and decal fee for out-of-state trucks are “unconstitutional highway taxes,†the Owner-Operator Independent Drivers Association alleged in a class-action lawsuit filed with the state’s supreme court last week.
October 15, 2013FuelBusinessAutonomous
Volvo Expands Fuel Efficient Powertrain Lineup
Volvo Trucks expanded its lineup of “exceptional efficiency†powertrain packages with the XE11 that the company said can improve fuel efficiency by up to 3%.
October 15, 2013BusinessSafetyGovernmentAutonomous
Takeover Target USA Truck Sues Knight
USA Truck Inc. has sued Knight Transportation, which is trying to acquire USA Truck, for breach of contract, claiming that Knight breached a confidentiality agreement between the two companies.
October 11, 2013BusinessAutonomous
Carriers Predict Increases in Volumes, Rates, TCP Says
Most trucking officials are optimistic that freight volumes will grow and companies will be able to increase their rates, consulting firm Transport Capital Partners said.
September 25, 2013BusinessTechnologyAutonomous
Omnitracs Introduces Android Proof-of-Delivery App
Omnitracs Inc. said it has launched a Android application for truck drivers to complete the proof-of-delivery outside of the truck on a smart phone.
September 23, 2013BusinessEquipmentAutonomous
Class 8 Truck Sales Drop 7.3% in 12th Consecutive Downturn
Class 8 truck sales declined 7.3% in August, the 12th consecutive year-over-year downturn, but were about flat from the previous month’s total, WardsAuto.com reported.
September 23, 2013