11 Oct New Report Projects $1.1 Trillion Market for Global Logistics Services in 2022 Global spending on third-party logistics services is projected to top $1.1 trillion in 2022 from $802 billion in 2016, according to new estimates by Armstrong & Associates Inc. Read more...
11 Oct VW to Roll Out Electric Trucks, Buses in $1.7 Billion Project Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand. Read more...
11 Oct VIDEO: XPO Logistics Rings the Opening Bell Watch the No. 3 carrier in the for-hire TT100 ring the opening bell at the New York Stock Exchange. Read more...
10 Oct Iowa DOT Seeks Volunteers for Self-Driving Car Research Some of Iowa’s leaders in automated vehicle research are seeking volunteers to help test the results of high-definition mapping and data collection. Read more...
10 Oct Diesel Drops 1.6¢ to $2.776; Gas Falls 6.1¢ The U.S. average retail price of diesel fell 1.6 cents to $2.776 a gallon, and oil pushed over $50 a barrel amid reports of possible further reductions in supply. Read more...
10 Oct High-Tech Sensors Will Alert Truckers of Open Spaces at Florida Rest Stop Keith Mullin felt lucky he found a space to park his truck Oct. 6 at an Interstate 4 rest area in Longwood, Fla., after a 20-hour trip from central Wisconsin. Read more...
10 Oct FBI Group Acquires Third Canadian Freight Brokerage Firm Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario. Read more...
10 Oct UPS Starting Negotiations on Massive Teamsters Contracts UPS says it has started contract talks with the International Brotherhood of Teamsters on new collective bargaining agreements covering 250,000 workers. Read more...
10 Oct Truckstop.com Launches Spot Rate Forecasting Tool Truckstop.com, in partnership with the research firm FTR, launched Rate Forecasting, a tool that projects spot market rates by balancing seasonal, geographic, random, economic, regulatory and permanent trends with deep statistical modeling. Read more...
10 Oct Tesla’s Model 3 Bottlenecks Delay Unveiling of Semi-Truck Tesla Inc. pushed back the reveal of its semi-truck by three weeks as CEO Elon Musk focuses on boosting production of the cheaper sedan that the electric-car maker is counting on to dramatically increase sales. Read more...