13 Jun Tanker Attacks Raise Prospects for Higher Rates, Lifting Shipping Stocks Suspected attacks on two commercial vessels near the Strait of Hormuz fueled expectations for higher shipping rates, driving up shares of companies that operate tankers. Read more...
13 Jun Jobless Claims Rise to Five-Week High, Exceed Forecast Filings for U.S. unemployment benefits unexpectedly increased, rising to a five-week high and adding to signs of potential cooling in the labor market. Read more...
13 Jun NACFE Chooses 10 Fleets for Run on Less Regional Event The North American Council for Freight Efficiency announced 10 fleets will participate in this fall’s Run on Less Regional, a freight-efficiency roadshow highlighting trucks that operate in a variety of regional-haul applications. Read more...
13 Jun Canada Announces Final ELD Mandate to Take Effect in 2021 The Canadian federal government has unveiled its long-awaited electronic logging device mandate, which will take effect in two years. Read more...
13 Jun West Virginia’s Jeremy Thomas Wins Second Straight Grand Champion Honors This year’s West Virginia Truck Driving Championships featured the second consecutive win by Jeremy Thomas. Read more...
13 Jun EPA Issues Rule to Create Transparency, Prevent Manipulation of RINs Market The U.S. Environmental Protection Agency is taking steps to modify certain elements of the Renewable Fuel Standard compliance system to create more transparency and prevent manipulation of the Renewable Identification Number market. Read more...
13 Jun Past 3-Axle National Champ Heladio Fernandez Earns First Oregon Grand Champion Honor FedEx Freight driver Heladio “Lalo” Fernandez has a national title to his name — 2010 3-Axle champion — and four Oregon state titles but had never been named the state’s Grand Champion. That changed June 8. Read more...
13 Jun Humans Wanted: Self-Driving Truck Technology Firms Seek Drivers A pair of leading developers of autonomous truck technologies, TuSimple and Starsky Robotics, are looking for human drivers to help advance their businesses. Read more...
12 Jun ATA Economist Bob Costello: Recession Remains Uncertain, but Expect More Carrier Closures INDIANAPOLIS — Bob Costello isn’t sure that a recession — a downturn that could impact freight and trucking companies across North America — is coming, or when, but the economist senses something is amiss. Read more...
12 Jun ATA President Chris Spear Presses Congress on Infrastructure Funding, Autonomous Tech WASHINGTON — Allowing segments of the country’s surface transportation system to deteriorate hinders economic growth and contributes to a significant number of road accidents, American Trucking Associations President Chris Spear told a congressional panel June 12. Read more...