24 Jul Link Introduces Semi-Active Cab Suspension Link Manufacturing announced its ROI Cabmate Semi-Active Cab Suspension that uses multiple sensors and is constantly assessing environmental circumstances while simultaneously responding. Read more...
24 Jul FMCSA Proposes Adding Location Flexibility to CDL Testing Process The Federal Motor Carrier Safety Administration announced a proposed rule July 24 meant to ease the process for people pursuing a commercial driver license. Read more...
24 Jul Nissan Braces for Pain as Weak Profits Force Restructuring Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing. Read more...
24 Jul UPS Announces Strong 2Q Earnings United Parcel Service Inc. on July 24 reported strong second-quarter 2019 earnings that exceeded Wall Street analysts’ expectations. Read more...
24 Jul Amazon Has ‘Destroyed’ US Retail Industry, Says Treasury Secretary Steven Mnuchin U.S. Treasury Secretary Steven Mnuchin alleged that Amazon has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals. Read more...
24 Jul China Approves Tariff-Free US Soybean Purchases The Chinese government has given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs as trade negotiations between the two nations continue, according to people familiar with the situation. Read more...
24 Jul Daimler Posts 2Q Loss on Higher Revenue Daimler AG outlined a series of moves to return to profitability after posting a net loss in the second quarter, particularly at its largest division, Mercedes-Benz cars. Read more...
24 Jul ATA Says Truck Driver Shortage On Course to Double in a Decade The U.S. trucker shortage swelled by more than 10,000 to 60,800 in 2018 from a year earlier and is expected to more than double to 160,000 over the next decade, according to new numbers released by American Trucking Associations. Read more...
24 Jul Small Trucking Firms See Tighter Lending Standards With a freight recession underway, industry experts said creditors are applying tighter standards to many trucking firms, or any firm with a troubled history. Read more...
24 Jul Glider Truck Maker Fitzgerald Wages Court Battle Over IRS’ $64 Million Excise Tax Bill A federal judge has ruled that Fitzgerald Truck Parts and Sales can proceed with its lawsuit disputing an IRS claim that the glider truck maker owes more than $64 million in back tractor-trailer federal excise taxes, penalties and interest. Read more...