04 Jun Biden’s Infrastructure Plan Endangered by Dire Shortages The biggest threat to President Joe Biden’s vision of energizing the U.S. economy with the largest infrastructure program in decades may not be its challenging path through Congress, but a dire shortage of everything from workers to cement mills. Read more...
03 Jun New DTNA CEO John O’Leary Notes Industrywide Challenges, Strong Demand for Company's Brands In the months since taking the CEO reins at Daimler Trucks North America, John O’Leary has watched the trucking industry deliver a response he described as “remarkable” to the unprecedented disruptions of the COVID-19 pandemic. He believes emerging opportunities and lessons learned position the industry for recovery and growth. Read more...
03 Jun May Class 8 Orders Fall to 22,900 Class 8 preliminary orders for May fell to the lowest point since August, settling just below 23,000 as the industry paused amid little chance to join this year’s orders backlog, ACT Research reported, citing truck makers’ initial data. Read more...
03 Jun Workhorse Soars 83% in Three Days on Newfound Retail Fandom Troubled electric truck startup Workhorse Group Inc. has become the latest darling of retail traders, who have pushed its share price up 83% in just three trading sessions. Read more...
03 Jun Despite Retention Issues, Most Truck Drivers Not Looking for Work The majority of truck drivers are not actively looking for a new job, but a robust recruiting environment makes it easy for them to find one should they want to make a move, a recent industry survey found. Read more...
03 Jun Rail Customers Express Concern Over CN-KCS Merger As leaders from Canadian National Railway and Kansas City Southern Railway promote their proposed merger, concerns are growing among some of their customers. Read more...
03 Jun Rise of Electric Vehicles Presents Questions About Transportation Funding While electric vehicles and alternative fuels contribute to reducing greenhouse gas emissions, their continued adoption forces states to rethink transportation funding sources that currently come from taxes on diesel and gasoline. Read more...
03 Jun E2open CEO Details Value Added in BluJay Solutions Acquistion E2open CEO Michael Farlekas said his company’s supply chain solutions platform will be enhanced with more capabilities such as logistics execution software via its acquisition of BluJay Solutions. Read more...
03 Jun Economists Brace for Another Volatile Monthly Jobs Report Economists, blindsided by a major miss in April’s U.S. employment report, are now ready for any number of surprises. Read more...
03 Jun GM to Beat Profit Targets as Truck Plants Ramp Up General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion. Read more...