28 May April Used Truck Prices Post Sharp Decline Used Class 8 pricing fell for the 12th consecutive month compared with a year earlier, down 22% for the largest drop in that extended period, ACT Research reported. Read more...
28 May New Jersey Highway Tolls to Rise up to 36% Tolls on three major New Jersey highways will rise by as much as 36% after Gov. Phil Murphy declined to use his veto power over authorities that approved the increases, effectively allowing them to take place. Read more...
28 May Driver Shortage Is Over Temporarily The often discussed driver shortage is over — at least for the time being — as a result of the COVID-19 pandemic, the deepening U.S. recession and a falloff in the amount of freight being hauled by many sectors of trucking, industry experts said. Read more...
28 May Democrats Push Pandemic Aid, Highlight Infrastructure Package House Democrats signaled the potential for unveiling a comprehensive infrastructure measure in the near-term as they continue to push Senate leaders to consider a pandemic relief bill that would provide $15 billion for highway programs. Read more...
28 May MAC LTT Gains Manufacturing Assets of Burch Tank & Truck MAC Liquid Tank Trailer has acquired the manufacturing assets of Burch Tank & Truck. Financial details of the transaction announced May 20 were not disclosed. Read more...
28 May US Layoffs Climb to 41 Million, Despite Business Reopenings An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said May 28. Read more...
28 May Boeing, Suppliers Advance on Restart of 737 Max Production Boeing Co. and its suppliers climbed as the plane maker resumed production of the 737 Max jetliner while working with regulators to end a yearlong global grounding. Read more...
28 May Mitsubishi-Fuso to End US, Canadian Sales Mitsubishi Fuso Truck and Bus Corp. is exiting the U.S. and Canadian markets as part of a strategic shift to focus on other regions, but will maintain service support for vehicles now on the road, the company announced. Read more...
27 May Fitzgerald Seeks Summary Judgment in $83 Million Tax Case Attorneys for the nation’s largest glider truck manufacturer have asked a federal judge for permission to seek a partial summary judgment to block an attempt by the IRS from collecting $83 million in back taxes and penalties. Read more...
27 May Zipline Medical Drones Begin Flying in the US On May 22, before Memorial Day, a six-foot long, red-and-white drone took off from a field in Kannapolis, N.C., flew 15 miles west over suburban Charlotte to Novant Health’s Huntersville Medical Center, and dropped a box of protective masks in a designated spot next to the parking lot. Read more...