06 Feb Intermodal Volume Growth in 2018 Best in Five Years, IANA Report Says Driven by tight trucking capacity and the threat of tariffs, intermodal volumes increased 5.6% in 2018, their highest growth in five years, according to the Intermodal Association of North America’s annual report. Read more...
06 Feb Elon Musk Tweet Sparks Mercedes-Tesla Talks Over Electric Van Project Elon Musk’s praise for Daimler AG’s Mercedes-Benz Sprinter van triggered talks between the German manufacturer and Tesla Inc. over potential cooperation on an electric version. Read more...
06 Feb Daimler Posts Lower Earnings Despite Record Truck Sales Daimler AG, citing regulatory and trade headwinds, reported a decline in net income for the fourth quarter and full 2018 while revenue inched up in both periods amid an all-time record for global truck sales. Read more...
06 Feb Goodyear Researches Soybean Oil as Component of Truck Tires GRAPEVINE, Texas — Within the next few years, the truck tire you buy may be manufactured in part with soybean oil instead of petroleum. At its annual Customer Care Conference, Goodyear Tire and Rubber Co. showed off some of the research that is taking place with alternative methods of tire manufacturing. Read more...
06 Feb Trade Gap Narrows to Five-Month Low as Imports Plummet The U.S. trade deficit narrowed in November by more than forecast to a five-month low, as imports tumbled by the most in more than two years amid an intensifying trade war. Read more...
06 Feb FourKites Receives $50 Million in New Funding From Investors Shipment-tracking company FourKites has collected $50 million in funding from a group of existing investors that includes August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels. Read more...
06 Feb Tesla Cuts Model 3 Price for Second Time This Year Tesla Inc. is cutting the price of its Model 3 sedan for the second time this year, citing the end of a customer-referral program that was a more costly incentive than the company realized. Read more...
06 Feb GM 4Q Earnings Easily Beat Analysts’ Estimates General Motors Co. reported fourth-quarter earnings that blew away estimates and reiterated the upbeat profit forecast for 2019 it gave last month. The shares rose in U.S. early trading. Read more...
06 Feb With ELD Rollout in Rearview Mirror, Focus Turns to Fleet Management The telematics-for-trucking market experienced a dramatic explosion in growth over the past three years, driven primarily by the federally mandated rollout of electronic logging devices across most of the longhaul trucking sector. Now that the industry has made that transition to electronic logs, the telematics market is bound to undergo a shakeout because there are more ELD suppliers than the industry needs. Read more...
06 Feb More Private Parking Spaces on the Way as Natso, FHWA Count Spots Some of the nation’s largest travel-stop companies are adding parking spaces and expanding operations in 2019, as national demand for truck parking continues to rise. Read more...