28 Jun Experts: State Funding a Local Issue, Too Any statewide measure meant to generate revenue for transportation projects should include the needs of localities, according to Darren Kettle, executive director of the Ventura County Transportation Commission. Read more...
27 Jun VW’s Traton IPO to Raise $1.8 Billion, Pricing at Low End Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year. Read more...
27 Jun Used Class 8 Prices Up 6% in a Year as Inventories Increase The average used Class 8 truck brought a higher sales price in May than in the same month a year earlier, but with inventories gradually building and growth in the freight market slowing down after last year’s boom, analysts are divided on the long-term outlook for values. Read more...
27 Jun Trailer Orders in May Fall to Lowest Point in Nearly Three Years U.S. trailer orders plunged below 11,000 in May to the lowest point in nearly three years, tracking the orders for Class 8 vehicles that plummeted earlier in the month. Read more...
27 Jun China Maintains Negotiating Stance Ahead of Trade Talks There’s no change to China’s conditions for making a trade deal with the United States as the nations’ leaders prepare to meet this weekend, a government spokesman said. Read more...
27 Jun Experts: Trucking Companies Should Use Data Collected to Improve Margins, Decrease Downtime ARLINGTON, Va. — Trucking companies that effectively mine the data generated by their operations can free up time and capital to invest in other areas of their businesses, experts said at an industry meeting here. Read more...
27 Jun VW Piles Into Crowded Car-Sharing Market With All-Electric Fleet Volkswagen AG will dive into the increasingly crowded car-sharing market with its WeShare offering, which will seek to distinguish itself from rivals with an electric-only fleet. Read more...
27 Jun Ford Looks to Cash In on Off-Roader Appetite for Fatter Tires Ford Motor Co. is going after a greater cut of a lucrative business: those willing to pay big bucks for pricey pickup accessories such as big, off-road tires and kits to jack up their trucks. Read more...
27 Jun FMCSA Proposes Rule to Add Flexibility to CDL Skills Testing The Federal Motor Carrier Safety Administration has proposed a rule that would increase flexibility for the skills test process for those seeking a commercial driver license. Read more...
27 Jun First-Quarter Consumer Spending Revised Down to 0.9% Gain U.S. consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1%. Read more...