25 Nov FedEx, UPS Feel Van Squeeze Amid E-Commerce Rush FedEx Corp. and UPS Inc. are running into a shortage of delivery vans, prompting a surprise cost squeeze that’s cutting into profits during a record surge in package volumes. Read more...
24 Nov High Freight Demand Provides Momentum for Trucking Industry Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool. Read more...
24 Nov UPS Will Make Dry Ice, Offer Freezers for Vaccine Distribution UPS Inc. has set up its own dry ice production and will provide portable, super-cold freezers to its health care customers as the courier prepares for the massive rollout of COVID-19 vaccines. Read more...
24 Nov Strehl Announces Acquisition of Rocketail Strehl purchased the assets of the semi-trailer tail-end drag reduction systems maker Rocketail, the company announced Nov. 23. Read more...
24 Nov Operational Cost of Trucking Down 9.3%, ATRI Finds Costs associated with trucking operations have decreased, according to the American Transportation Research Institute. Read more...
24 Nov 2021 Expected to Be Pivotal Year for Commercialization of Electric Vehicles With major truck manufacturers pushing into factory-built electric vehicles, 2021 is poised to be the year for the technology to transition from pilot testing to commercialization. Read more...
24 Nov COVID-19 Aid, Government Funding Lead Lame-Duck Agenda Members of Congress return to Capitol Hill after Thanksgiving to close out a post-election lame-duck session that will include government funding legislation and the possibility of a new round of COVID-19 relief aid. Read more...
24 Nov Oil Jumps Past $45, Dow Eclipses 30,000 Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets. Read more...
24 Nov Used Class 8 Truck Average Price Finally Posts Increase Used Class 8 trucks in October notched the first monthly year-over-year increase in average price after 17 such declines, ACT Research reported. It expects the gains to continue into next year. Read more...
24 Nov SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering. Read more...