27 Dec China’s Geely Buying Stake in Swedish Truck Maker Volvo BEIJING — The Chinese owner of Sweden’s Volvo Cars is buying a stake in truck manufacturer AB Volvo, expanding a portfolio of vehicle brands that includes shares in Malaysia’s Proton and Britain’s Lotus. Read more...
26 Dec FMCSA Grants Agriculture and Livestock Haulers ELD Waiver Federal trucking regulators have granted a 90-day waiver to agricultural commodities and livestock haulers from installing electronic logging devices in their trucks, and issued a separate clarification on potential miles that are exempt from hours-of-service requirements for agriculture haulers. Read more...
26 Dec Capitol Agenda: The Best of 2017 No matter your place on the political spectrum, it is undeniable passage of the Republican-led tax reform measure was a monumental feat. This week we highlight our favorite news items from Capitol Agenda in 2017. Read more...
26 Dec Diesel Inches Up 0.2¢ to $2.903; Oil Nears $60 a Barrel The U.S. average retail price of diesel inched up 0.2 cent to $2.903, as oil climbed over $59 a barrel to the highest level since June 2015 amid forecasts of tighter supplies. Read more...
26 Dec Retailers Balance Post-Holiday Returns Between In-Store and 3PL Options In November and December, online shoppers surfed their favorite websites and sent holiday gifts to the front doors of homes nationwide. In January, the last-mile supply chain shifts in reverse as Americans return the items they don’t like. Read more...
26 Dec Sales of Used Class 8 Trucks Rise 16% in November Sales of used Class 8 trucks climbed in November, rising 16% year-over-year as the inventory of available trucks has fallen sharply, according to ACT Research Co. Read more...
26 Dec Transportation Secretary Elaine Chao Helps Kick Off New Dixie Highway Project in Louisville Louisville, Ky., kicked off construction for the New Dixie Highway project Dec. 22 with an event featuring Secretary of Transportation Elaine Chao. Read more...
26 Dec Explosion Occurs in Pipeline to Libya’s Biggest Oil Terminal Libya’s oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nation’s biggest export terminal. Oil rallied. Read more...
26 Dec US Home Prices Surge 6.2%, Outpacing Wage Growth U.S. home prices climbed a robust 6.2 percent from a year ago, amid strong demand from would-be buyers and a shrinking supply of properties for sale. Read more...
26 Dec America’s Hottest Oil Play Just Needs a Few Thousand Truckers When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’ massive Permian Basin shale formation, truckers were among those hardest hit. Read more...