14 Mar Shipping Stocks That Soared After the Election Have Now Tanked Shortly after Donald Trump was elected president Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000% on hopes that commodity prices would rise and U.S. manufacturing would rebound, spurring a surge in shipments of everything from iron ore to computer parts. Read more...
14 Mar Spireon Displays Solar-Powered Fleet Location Device for Trailers Trailer-management technology provider Spireon Inc. has a new device out that uses solar power captured by a small panel to transmit data. Read more...
14 Mar Optimism Among CEOs in US Shows Biggest Increase Since 2009 Optimism among CEOs of some of the largest U.S. companies jumped in the first quarter by the most since the economy was emerging from the latest recession, as the outlook for sales, the labor market and investment brightened considerably. Read more...
14 Mar US Retail Sales of Class 8 Trucks Drop in February U.S. retail sales of Class 8 trucks in February fell 29.5% from a year earlier, as all truck makers posted double-digit declines, WardsAuto.com reported. Read more...
14 Mar ConMet, Protean Electric to Develop Hybrid Wheel End Consolidated Metco Inc. announced it is partnering with Protean Electric to develop an electric in-wheel drive system to provide hybrid-electric solutions for the medium- and heavy-duty commercial vehicle markets. Read more...
14 Mar Producer Prices Climbed in February More Than Forecast U.S. producer prices rose in February more than forecast, while costs increased from a year earlier by the most since March 2012, signaling inflation is picking up, a Labor Department report showed March 14 in Washington. Read more...
14 Mar Interstate Acquires American Red Ball World Wide Movers Interstate Group Holdings, the Springfield, Virginia-based parent of Interstate Van Lines, has acquired Indianapolis-based American Red Ball World Wide Movers, one of the oldest movers of household goods in the United States. Read more...
14 Mar Capitol Agenda for the Week of March 14: The View From Jim Burnley Former U.S. Department of Transportation Secretary Jim Burnley weighs in on regulations, P3s, TIGER grants and more in a one-on-one interview with TT's Eugene Mulero. Here's the week ahead for trucking on Capitol Hill. Read more...
13 Mar Oil Drops, Diesel Average Slips to $2.564 The U.S. average retail price of diesel slipped 1.5 cents to $2.564 a gallon and crude oil prices dropped below $49 a barrel as efforts to reduce global production bumped against increased domestic shale production, experts said. Read more...
13 Mar Driverless Trucks: A Seismic Shift for the Labor Force For decades, trucking has provided big-rig driver Frank Mora and his family a decent living. He doesn't expect that will last forever. Read more...