25 Jan Freight Railroads Record Progress on PTC Implementation, AAR Says Large freight railroads functioned with the use of automatic braking technology for 83.2% of miles required by law, the Association of American Railroads announced Jan. 24. That proves the Class I railroads met 2018 requirements, and they are expected to finalize the implementation of positive train control technology by the final deadline of Dec. 31, 2020. Read more...
25 Jan US Crude Production to Beat EIA’s Outlook by 23 Years A year ago, the U.S. government envisioned American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. Read more...
25 Jan Truck OEMs, Suppliers Look to Online Growth, 3D Printing Equipment and component manufacturers in the trucking industry are looking to expand their online presence and also see potential in 3D printing, both of which could help them reach more customers, they said. Read more...
25 Jan China’s Car Slowdown Begins to Bite as Hyundai Lays Off Workers As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market. Read more...
25 Jan Ford Ranks as Revenue Heavyweight Among US Companies Ford Motor Co.’s haul from selling just pickups and commercial vehicles rivals household-name companies including IBM and Boeing. Read more...
25 Jan Parts Demand Is Surging A growing economy and strong new truck sales have increased demand for aftermarket parts, creating supply challenges. Truck manufacturers and component suppliers said they’re working to alleviate pressure on the industry by expanding offerings, improving distribution channels and using predictive forecasting tools to get ahead of demand. Read more...
25 Jan Tackling Electrical Systems Technicians often don't troubleshoot a truck's electrical system to the extent they could, according to a recent assessment by the Technology & Maintenance Council of American Trucking Associations. Here's why. Read more...
25 Jan FedEx Express Agrees to Buy International Business From Israeli Firm FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15. Read more...
24 Jan MUFG Union Bank to Acquire Trade Payable Services Mitsubishi UFJ Financial Group Union Bank, a subsidiary of MUFG Americas Holdings, will acquire Trade Payable Services, a supply chain finance platform, from GE Capital, per a Jan. 16 press release. Terms were not disclosed. Read more...
24 Jan Editorial: Watching the Slowdowns, Ending the Shutdown A gangbusters year marked by soaring freight rates and frenzied order and sales activity for equipment ended on a soft note, as December saw reported declines in both truck tonnage and trailer orders. It had to happen eventually, but some may feel cheated that the industry didn’t get to close out this otherwise stellar year on a high note. Read more...