14 Sep Editorial: Tax Reform - It’s the Right Thing to Do There’s a lot to like about what’s going on in Washington, D.C., for a change, as lawmakers from both major parties and President Donald Trump begin to talk seriously about tax reform. Read more...
14 Sep Hurricanes to Increase Contract, Spot Rates Outside Disaster Areas Truckload rates have skyrocketed after hurricanes Harvey and Irma battered Texas and Florida, but the higher prices will also trickle down into states nowhere near the devastation, industry executives say. Read more...
14 Sep Medium-Duty Sales Top 21,000 in August, Up 21.8% U.S retail sales of medium-duty trucks improved 21.8% in August as all classes notched gains. Read more...
14 Sep Consumer Comfort Falls for Second Week Americans’ confidence retreated for a second week as consumers’ assessment of the buying climate deteriorated on the heels of higher fuel prices, Bloomberg Consumer Comfort Index figures showed Sept. 14. Read more...
14 Sep Freight Factoring on Upswing in 2017 Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to sell invoices benefit from a robust spot market, industry executives say. Read more...
14 Sep Unexpected Drop in Jobless Claims Shows Sturdy Job Market Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14. Read more...
14 Sep Trimble Acquires Electronic Freight Monitoring Company 10-4 Systems Trimble Inc. has added another piece to its growing portfolio of transportation technology services with the purchase of 10-4 Systems, a company that provides a way for shippers and carriers to electronically monitor the movement of goods and process freight transactions. Read more...
14 Sep Mack Launches Long-Awaited New Highway Tractor, the Anthem ALLENTOWN, Pa. — Mack Trucks introduced the Mack Anthem, its long-awaited new highway tractor, to an arena packed with dealer representatives, who company executives thanked for their patience and who were promised a truck that boasts gains in fuel efficiency, driver comfort and technological innovation compared to previous models. Read more...
13 Sep New York Teamsters Pension Cuts to Take Effect Despite 2-1 Opposing Vote The U.S. Treasury Department on Sept. 13 announced that active and retired Teamsters across upstate New York had voted against big pension reductions by better than a 2-1 ratio. Read more...
13 Sep Daimler’s Smart Car Delivers a Song-and-Dance About Self-Driving Challenges In a musical fantasy for Daimler AG’s Smart brand, performers at the Frankfurt motor show this week literally sang out the virtues of an autonomous two-seater, with the spectacle suggesting there’s more fiction than fact in robo-cars. Read more...