26 Jan Impact of China's New Silk Road on Shipping Expected to Be Limited China's ambitious plans to create a modern-day Silk Road by way of building roads and railways abroad are unlikely to change the face of global shipping, industry observers said. Read more...
26 Jan SunteckTTS Adopts Transflo Telematics System Pegasus TransTech announced that transportation firm SunteckTTS has adopted the Transflo Telematics system to implement electronic driver logs and workflow management. Read more...
26 Jan Lakeville Motor Express Sued for Fraud, Wage Theft The Minnesota Department of Labor and Industry has sued Lakeville Motor Express, LME Inc. and Finish Line Express, charging that the companies committed fraud and wage theft when Lakeville closed its doors without notice shortly before Thanksgiving. Read more...
26 Jan Volvo Discontinues D16 Engine Volvo Trucks North America announced it has discontinued North American production of the 16-liter Volvo D16 engine, effective immediately. Read more...
26 Jan Sales of New Homes at 10-Month Low as Mortgage Rates Jump Purchases of new U.S. homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers. Read more...
26 Jan Automotive Cybersecurity Group Reaches Out to Commercial Vehicle Sector The Automotive Information Sharing and Analysis Center, which is focused on cybersecurity protections, announced it would develop criteria to include the commercial vehicle segment in its membership. Read more...
26 Jan Jobless Claims Rise to Four-Week High Amid Holiday Volatility Filings for U.S. unemployment benefits rose more than forecast last week amid holiday-related volatility, while remaining low by historical standards. Read more...
25 Jan Replay: LiveOnWeb on 'The Safe Driver Checklist' Drivers know a pre-trip inspection is intended to make sure that their rig is ready for the rigors of the road. What about keeping the driver safe? Our Jan. 31 LiveOnWeb program focused on The Safe Driver Checklist. We provided the practical - and critical - tips that drivers need to stay safe in all phases of their job, from pre-trip to on-road to off-road. Watch the replay. Read more...
25 Jan Covenant Transportation Earnings Fall Net income at dry van and refrigerated carrier Covenant Transportation Group fell by more than 50%, year-over-year, for both the fourth quarter and the full year, the Chattanooga, Tennessee, truckload fleet reported Jan. 25. Read more...
25 Jan Knight Transportation Profits Plummet 24%; Positive Future Predicted Knight Transportation Inc. reported profits plummeted 24% in the fourth quarter, blaming the results on low gas prices, a poor used-truck market and two class-action lawsuits. Read more...