11 Oct Trump’s ‘Poison Pill’ NAFTA Proposals Threaten to Derail Talks NAFTA talks have resumed with the U.S. administration looking increasingly isolated in its proposals to change the trade pact, as key figures raised the prospect of a collapse in negotiations. Read more...
11 Oct Logistics Revenues Due to Go Up in Quarterly Reports, But Margins Still Drag Down Profits Third-party logistics firms capitalized on stronger demand to transport freight this summer but spent more to purchase trucks, resulting in what Wall Street analysts predict will be a mixed-earnings season. Read more...
11 Oct FMCSA Grants Truck Renting and Leasing Association a Limited Five-Year ELD Exemption The Federal Motor Carrier Safety Administration announced that it is granting the Truck Renting and Leasing Association a five-year exemption from a federal requirement that all trucks be equipped with electronic logging devices to record drivers’ hours of service. Read more...
11 Oct New Report Projects $1.1 Trillion Market for Global Logistics Services in 2022 Global spending on third-party logistics services is projected to top $1.1 trillion in 2022 from $802 billion in 2016, according to new estimates by Armstrong & Associates Inc. Read more...
11 Oct VW to Roll Out Electric Trucks, Buses in $1.7 Billion Project Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand. Read more...
11 Oct VIDEO: XPO Logistics Rings the Opening Bell Watch the No. 3 carrier in the for-hire TT100 ring the opening bell at the New York Stock Exchange. Read more...
10 Oct Iowa DOT Seeks Volunteers for Self-Driving Car Research Some of Iowa’s leaders in automated vehicle research are seeking volunteers to help test the results of high-definition mapping and data collection. Read more...
10 Oct Diesel Drops 1.6¢ to $2.776; Gas Falls 6.1¢ The U.S. average retail price of diesel fell 1.6 cents to $2.776 a gallon, and oil pushed over $50 a barrel amid reports of possible further reductions in supply. Read more...
10 Oct High-Tech Sensors Will Alert Truckers of Open Spaces at Florida Rest Stop Keith Mullin felt lucky he found a space to park his truck Oct. 6 at an Interstate 4 rest area in Longwood, Fla., after a 20-hour trip from central Wisconsin. Read more...
10 Oct FBI Group Acquires Third Canadian Freight Brokerage Firm Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario. Read more...