Some motor carrier executives, freight brokerages and others in the industry are using hub-to-hub business models that address the problems of driver turnover, deadhead miles and long waits at loading docks by reshaping how cargo is shipped.
June 15, 2020GovernmentBusinessTechnologyEquipmentPerspective
Perspective: Federal Excise Tax Relief Can Aid Recovery
The coronavirus pandemic has changed the world. In the United States it altered the way our country operates and wreaked havoc on American businesses, but leaders in Washington responded with actions that helped mitigate the damage. I applaud these efforts and am confident that our economy will bounce back. But the work is not done.
June 15, 2020GovernmentBusinessSafety
Marijuana Accounts for Most Failed Drug Tests, Clearinghouse Report Shows
More than 10,000 positive drug tests for marijuana were reported to the federal Drug & Alcohol Clearinghouse through the end of May this year, distinguishing pot by far as the banned drug of choice for truck drivers failing tests, according to new numbers released in a Clearinghouse report June 11.
June 12, 2020BusinessFuel
Texas Oil-Export Terminals Start Up Even as Shipments Tumble
Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.
June 12, 2020BusinessEquipment
Medium-Duty Sales Tumble 33% in May
U.S. retail sales of medium-duty trucks fell across the board in May, landing below 15,000, WardsAuto.com reported.
June 12, 2020BusinessEquipment
Caterpillar Sales Drop Highlights Worry of ‘Catatonic’ Recovery
Caterpillar Inc.’s machinery sales dropped by the most in 10 years last month in a sign of a deepening slump in its Americas businesses, where the company has extended plant shutdowns.
June 12, 2020BusinessFuel
Oil Set for First Weekly Drop Since April on Second-Wave Fears
Oil is heading for its first weekly loss since April, when prices collapsed below zero.
June 12, 2020BusinessTechnologyFuel
Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders
The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.
June 12, 2020GovernmentBusinessSafety
Mnuchin Says US Can’t Shut Economy Even if Virus Resurges
Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases.
June 11, 2020BusinessTop 100
Roadrunner Accelerates Restructuring Plan Amid Pandemic
Roadrunner Transportation Systems was in the final steps in a multiyear financial turnaround effort when the coronavirus pandemic hit, forcing the company to confront the same economic challenges facing all of trucking while also seeing its plans through, a company executive said.
June 11, 2020