Entries for October 2017

Spot Market Activity Still Bustling One Month After Devastation of Harvey, Irma

One month after two devastating hurricanes ripped through Texas and Florida, spot market activity remains hectic across the country, setting records along the way.

White House Nominates Economist for Top Research, Technology Post at DOT

Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute for Policy Research, was nominated for the post of assistant secretary at the U.S. Department of Transportation for research and technology, the White House announced on Sept. 28.

DOT Seeks Comment on Review of Regulations, Including ELD Mandate, Driver Training

Australia Expands Use of Caterpillar’s Self-Driving Truck Technology

Self-driving truck technology being developed by Caterpillar Inc. at its Tucson, Ariz., division headquarters will soon be used more extensively by iron ore mines in Australia

Celadon Acknowledges Active SEC Investigation

Celadon Group Inc. offered new information into its financial situation while confirming it is under a Securities and Exchange Commission investigation into the value of used trucks donated to a joint venture company.

Shippers Discuss ELDs, Intermodal in Cowen Survey

Shippers expect to put more freight on railroads next year as concern persists about how the electronic-logging device mandate will tighten trucking capacity in 2018, according to a Cowen and Co. survey.

Celadon Acknowledeges Active SEC Investigation

Celadon Group Inc. offered new information into its financial situation while confirming it is under a Securities and Exchange Commission investigation into the value of used trucks donated to a joint venture company.

Wabco Finalizes Purchase of Meritor’s Share in Joint Venture

Wabco Holdings Inc. has completed its $250 million purchase of Meritor Inc.’s stake in their joint venture, formalizing the end of the 27-year arrangement.

Guardrail Maker Wins Reversal of $663 Million Judgment

Guardrail maker Trinity Industries Inc. won’t have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail safety system.

More Fleets Boost Driver Pay as Freight-Hauling Capacity Tightens

Increased demand for freight hauling is putting more pressure on motor carriers to raise compensation for drivers.