24 Nov Operational Cost of Trucking Down 9.3%, ATRI Finds Costs associated with trucking operations have decreased, according to the American Transportation Research Institute. Read more...
24 Nov 2021 Expected to Be Pivotal Year for Commercialization of Electric Vehicles With major truck manufacturers pushing into factory-built electric vehicles, 2021 is poised to be the year for the technology to transition from pilot testing to commercialization. Read more...
24 Nov COVID-19 Aid, Government Funding Lead Lame-Duck Agenda Members of Congress return to Capitol Hill after Thanksgiving to close out a post-election lame-duck session that will include government funding legislation and the possibility of a new round of COVID-19 relief aid. Read more...
24 Nov Oil Jumps Past $45, Dow Eclipses 30,000 Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets. Read more...
24 Nov Used Class 8 Truck Average Price Finally Posts Increase Used Class 8 trucks in October notched the first monthly year-over-year increase in average price after 17 such declines, ACT Research reported. It expects the gains to continue into next year. Read more...
24 Nov SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering. Read more...
24 Nov ATA Truck Tonnage Index Declines 8.7% in October Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, American Trucking Associations said Nov. 24. Read more...
24 Nov North Dakota Tops Reason Foundation’s Annual Highway Report North Dakota has the best state-owned road system in the country, according to Reason Foundation’s recently released Annual Highway Report. Read more...
24 Nov Economic Outlook Bright for Holidays Goods are pouring into ports, being delivered by trucks to warehouses and e-commerce locations, and retailers are restocking their shelves as the holiday shopping season gets into full swing. It’s also a major reason why trucking continues to outperform the overall U.S. economy. Read more...
24 Nov US Consumer Confidence Falls as Virus Surge Dampens Expectations U.S. consumer confidence fell in November to a three-month low as the coronavirus resurgence prompted a slide in Americans’ expectations for the economy and job market. Read more...