05 Oct Class 8 Orders Climb for Fourth Consecutive Month, Top 22,000 Orders for Class 8 trucks soared over a weak year-ago period to increase 63% and reach more than 22,000 in September, analysts said. Order volumes have increased consecutively in each of the last four months. Read more...
05 Oct Trade Gap Narrows to 11-Month Low as Exports Increase Improving global demand and a weaker dollar are helping boost U.S. exports, with the trade deficit narrowing to an 11-month low in August, Commerce Department data showed Oct. 5. Read more...
05 Oct Amazon Is Testing Its Own Delivery Service to Rival FedEx and UPS Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan, which will push the online retailer deeper into functions handled by longtime partners UPS Inc. and FedEx Corp Read more...
04 Oct Warren Buffett Isn’t Losing Sleep Over Self-Driving Trucks “Trucks are going to be around for a very long time.” Read more...
04 Oct Iowa Court Cuts CRST Van Expedited Attorney Fees A federal judge in Iowa has sliced to $1.9 million an award for attorney’s fees to CRST Van Expedited, the latest turn in a 10-year battle over a class-action sexual harassment lawsuit that a judge dismissed after ruling that the Equal Employment Opportunity Commission brought a frivolous complaint against the carrier. Read more...
04 Oct FHWA Awards $1.5 Million Grant for Truck Reservation System at Va. Ports Federal Highway Administration officials today awarded a $1.5 million grant to the Virginia Port Authority for a state-of-the-art truck reservation system that will save time for freight shippers. Read more...
04 Oct Truck Policy Not in Senate’s Self-Driving-Vehicles Bill An effort to attach trucking-centric provisions to Senate legislation on self-driving vehicles did not materialize during the bill’s consideration Oct. 4. Read more...
04 Oct Service Industries Index at 12-Year High Following Storms America’s service industries expanded in September at the fastest clip in 12 years, signaling vibrancy across the bulk of the economy following two major hurricanes, a survey from the Institute for Supply Management showed Oct. 4. Read more...
04 Oct Mining Giant Vies With Tech Firms for Workers in Push for Self-Driving Trucks Rio Tinto Group, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. Read more...