05 Nov October Class 8 Orders Highest in 11 Months Preliminary net Class 8 orders for October, a bellwether month, were 22,100 and the highest in 11 months, ACT Research reported. Read more...
05 Nov Tesla Hopes to Get China Carmaking License by Year-End Tesla Inc. has completed its new factory near Shanghai and is working with local authorities to obtain a manufacturing license, which it hopes to receive by the end of the year, Chairman Robyn Denholm said. Read more...
05 Nov UPS Debuts Home Delivery of CVS Medicine by Drone UPS Inc. has expanded its revenue-generating drone flights beyond hospital campuses, delivering prescription medicines to two customers’ homes from a CVS Health Corp. pharmacy in Cary, N.C. Read more...
05 Nov China Wants US to Drop Tariffs on $360 Billion of Imports for Trade Deal China is seeking the rollback of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter. Read more...
05 Nov US Trade Deficit Falls to $52.5 Billion in September The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. Read more...
04 Nov Operational Cost of Trucking Up 7.7%, ATRI Report Says The costs associated with trucking have increased substantially, according to a new report from the American Transportation Research Institute. Read more...
04 Nov Diesel Dips 0.2¢ to $3.062 a Gallon The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4. Read more...
04 Nov YRC Reports $16 Million Loss in Q3 YRC Worldwide reported a net loss of $16 million or negative 48 cents per share, compared with a $2.9 million profit, or 2.9 cents per share in the same period a year ago. Read more...
04 Nov VMT Tax for Trucks Presents Revenue Option for Highway Account, CBO Reports About $2.6 billion in revenue would have been generated in 2017 if commercial trucks were taxed at a rate of 1 cent per mile, and compliance reached a rate of 90%, according to a recent report by the Congressional Budget Office. Read more...
04 Nov Small but Growing Carriers Make Leap From Spreadsheets to TMS Software For small trucking companies that are getting bigger, recognizing the point when it becomes necessary to adopt management software isn’t so difficult. Instead, the challenges have more to do with evaluating systems, choosing one and implementing it. Read more...