26 Apr Orders for Capital Equipment in March Ease Unexpectedly Orders placed with U.S. factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more moderate pace of capital spending, a Commerce Department report showed April 26 Read more...
26 Apr California Republicans Hope to Ride a Gas-Tax Repeal to Victory In a Central Valley, Calif., barn decked out in red, white and blue, dairyman and state Senate candidate Johnny Tacherra drew cheers from a crowd of fellow farmers when he said he opposes the California Legislature’s hike on gas taxes and vehicle fees. Read more...
26 Apr Prices Rise 3% in March as Used-Truck Volumes Remain Strong The average Class 8 truck sold in March underscored that more mileage on a younger truck need not be a detriment to a higher sales price — as the overall volume stayed in the mid-20,000 range. Read more...
26 Apr FHWA Announces Plan for Updated Truck Parking Survey The Federal Highway Administration has notified state transportation officials and private truck stop operators that it is drawing plans to update the 2014 nationwide “Jason’s Law” survey that assessed the availability of truck driver parking. Read more...
26 Apr Downturn in Oil Field Services Slashes Profits for Mullen Group A surge in revenue from truckload freight hauling was enough to offset a downturn in oil field services for Canada’s Mullen Group, but the extra profits from trucking weren’t enough to salvage the company’s bottom line, which took a big hit in the first quarter. Read more...
26 Apr Bid to Restrict Lanes for Big Trucks in Baton Rouge Area Dies in House A bid to ease Baton Rouge traffic problems by requiring big trucks to stay in the right lane during evening rush hour died April 25. Read more...
26 Apr Mullen Group Trucking Revenue Rises, But Profits Plummet A surge in revenue from truckload freight hauling was enough to offset a downturn in oil field services for Canada’s Mullen Group, but the extra profits from trucking weren’t enough to salvage the company’s bottom line, which took a big hit in the first quarter. Read more...
26 Apr Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude. Read more...
26 Apr Jobless Claims Decline on Return of New York School Workers U.S. filings for unemployment benefits plunged to the lowest level since 1969, mainly reflecting the return of educational service workers in New York state, figures showed April 26. Read more...
26 Apr U.S. Bank: Truck Freight Services Spending Grew 25% in 2017 Spending on truck freight services surged nearly 25% and freight shipments grew 12.6% in 2017 as the economy expanded and the trucking industry paid more to obtain capacity and on driver compensation, according to the U.S. Bank Freight Payment Index. Read more...