08 May U.S. Xpress Plans to Pursue IPO Truckload carrier U.S. Xpress announced May 8 it intends to pursue an initial public offering of its Class A common stock, and the Chattanooga, Tenn.-based company has submitted its paperwork to the U.S. Securities and Exchange Commission. Read more...
08 May Dana, Workhorse Focus on E-Drive Axle LONG BEACH, Calif. — Dana Inc. and Workhorse Group Inc. showed a concept model medium-duty truck designed for city delivery featuring Dana’s Spicer Electrified, an integrated e-drive axle whose lighter weight allows for higher payloads. Read more...
08 May Fifty-Mile Drone Flights Beckon as Industry Pushes FAA on Rules Retailers, railroads and electricity companies are pressing for U.S. government approval to fly drones longer distances. Regulators, geared to an aviation industry that can take five years to get a new jetliner in the air, are struggling to adjust to the breakneck pace. Read more...
08 May Peterbilt Displays All-Electric Class 8 Truck LONG BEACH, Calif. — Peterbilt Motors Co. displayed its all-electric Model 579 day cab tractor at the Advanced Clean Transportation Expo, which was held April 30-May 4. Read more...
07 May Diesel Up for Seventh Straight Week, Adds 1.4¢ to $3.171 a Gallon The U.S. average retail price of diesel fuel rose 1.4 cents to $3.171 a gallon, the seventh straight week the trucking industry’s main fuel has increased in price, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration. Read more...
07 May Diesel Up for Seventh Straight Week, Adds 1.4 Cents to $3.171 a Gallon The U.S. average retail price of diesel fuel rose 1.4 cents to $3.171 a gallon, the seventh straight week the trucking industry’s main fuel has increased in price, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration. Read more...
07 May Peloton to Launch Platooning by End of 2018 LONG BEACH, Calif. — Platooning developer Peloton Technology will have its two-truck platooning system in day-to-day commercial operation by the end of the year, a company executive said. Read more...
07 May US Consumer Borrowing Up $11.6 Billion in March WASHINGTON — Americans increased their borrowing by $11.6 billion in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years. Read more...
07 May Opinion: The Financial Case for Technology Investment It’s no secret that technology is rapidly changing the business of trucking. Electronic logging devices, automation, electric power and advancements in telematics are or may soon affect the way transportation companies plan, execute, compete and succeed. Read more...
07 May Uber Hires Former NTSB Chairman Christopher Hart as Adviser in Midst of Crash Inquiry Uber Technologies Inc., whose self-driving car program is reeling from a fatal collision with a pedestrian, has hired former National Transportation Safety Board Chairman Christopher Hart to advise the company. Read more...