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Business: Page 124
Business
Diesel prices fall by a penny
The U.S.’ average price for a gallon of on-highway diesel is now $2.983. Fuel prices have dropped for seven consecutive weeks, but have only fallen by six cents during that period. The nation’s fuel prices are approaching the 2019 low of $2.965 set back during the weeks ending Jan. 21 and Jan. 28.
August 27, 2019
Business
Heartland Express set to acquire Millis Transfer
Michael Gerdin, chairman, president and CEO of Heartland, said his company will fund the approximately $150 million purchase price and pay off the assumed debt with existing cash.
August 27, 2019
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Business
McLeod predicts ‘shake out’ coming for private equity in trucking tech
Tom McLeod stressed that change is an opportunity for transportation companies to differentiate and transform themselves using new and emerging technologies.
August 27, 2019
Business
DTNA marks production milestone at N.C. truck plant
Keys to the milestone Freightliner Cascadia were presented to representatives from UPS during a ceremony at the facility.
August 26, 2019
Business
Stevens Transport driver, Army vet named Trucking’s Top Rookie
Dwight Arnold, who lives in Clarksville, Tennessee and drives for Stevens Transport, was announced the award winner Friday at the Great American Trucking Show in Dallas. He wins $10,000 and prizes from the RoadPro Family of Brands and Rand McNally. Arnold also received $1,000 from his company for winning the award.
August 26, 2019
Business
Thousands of small fleets to receive payment in DOTAuthority fraud case
Nearly 15,000 small trucking companies that paid DOTAuthority.com or related defendants for commercial vehicle registrations will be receiving checks from the Federal Trade Commission.
August 26, 2019
Business
Nationwide brake inspection spree looms
This year the Commercial Vehicle Safety Alliance Brake Safety inspection week will focus on brake hoses and tubing. More information here on CCJ
August 26, 2019
Business
Minimizer in process of moving to larger facility
Minimizer currently employs 83 people across three separate campuses in Blooming Prairie
August 23, 2019
Business
Driver clearinghouse, a required check starting in 2020, will cost carriers $1.25 per query
Carriers will have to pay the Federal Motor Carrier Safety Administration $1.25 per query into the looming Drug and Alcohol Clearinghouse, which will compile records of all drivers who have failed or refused a drug or alcohol test.
August 23, 2019
Business
Market conditions swing further in favor of shippers as rates weaken
Market conditions for shippers moved further into positive territory in June, according to FTR’s latest Shippers Conditions Index. June’s reading was the strongest since February 2016.
August 23, 2019
Business
Doggett Freightliner wins 2019 Successful Dealer Award
Doggett Freightliner of Arkansas was named the winner of the 2019 Successful Dealer Award during a presentation Thursday at the Great American Trucking Show in Dallas. The award seeks to recognize and honor North America’s best medium- and heavy-duty truck dealers for their efforts serving their customers and their communities.
August 23, 2019
Business
Chevron to showcase Delo products, educate customers with new traveling lab
The lab is outfitted with 11 interactive exhibits, including immersive exhibits featuring virtual reality and augmented reality displays. The trailer will tour North America, with stops slated for Chevron customers and distributors and at trade shows.
August 22, 2019
Business
Hours of service comment period open until Oct. 7
Trucking industry stakeholders and the public at large have 45 days — until Oct. 7 — to file formal feedback for the U.S. DOT to consider when crafting a rule to overhaul federal hours of service regulations.
August 22, 2019
Business
Transfix offers load factoring at 0.99% rate
Transfix is offering a new factoring program to carriers at a rate of 0.99% for loads completed within the company's freight marketplace.
August 22, 2019
Business
WEX extends fleet card agreement with Phillips 66
WEX signed a multi-year extension to be the exclusive provider of private label and universal fleet card services for Phillips 66.
August 21, 2019
Business
Descartes acquires BestTransport for $11.2M
BestTransport.com is a cloud-based TMS provider focused on flatbed-intensive manufacturers and distributors.
August 21, 2019
Business
DTNA details new customer experience organization
With the creation of its recently announced Customer Experience (CX) organization, Daimler Trucks North America says it will be better able to meet the needs and expectations of its customers. All customer-facing areas of DTNA now roll up into CX, including aftermarket fleet service, Warranty, call centers, aftermarket service products and service systems, in an […]
August 21, 2019
Business
Daimler delivers first two eCascadias
Fourteen months after announcing its intent to develop a Class 8 electric truck, Daimler Truck North America officially delivered the first two Freightliner eCascadia models to representatives from Penske Truck Leasing and NFI at a ceremony in Yountville, Calif.
August 21, 2019
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Top Stories
Cybersecurity
NMFTA warns of Chinese components in trucking technology
The trucking industry's expanded digitization increases its potential for cybercrime, and China could be a key threat to the U.S. via technology in transportation.
Business
Kandel Transport acquired by Nagle Companies
Business
Marten Transport CEO stepping down, Randy Marten to return
Regulations
U.S. 'pausing' work visas for commercial truck drivers
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