News from the world of Trucking
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Lion Electric Drops on Revenue Miss, Dwindling Cash Balance
(2024-05-08)
Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.
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House to Examine Baltimore Bridge Collapse May 15
(2024-05-08)
WASHINGTON — A House panel this month will review concerns associated with efforts at the Port of Baltimore, where crews will eventually rebuild the Francis Scott Key Bridge.
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Nikola Q1 Loss Narrows; Cost of Truck Production Soars
(2024-05-08)
Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.
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VW Brand to Beef Up Hybrid Offerings as EV Shift Stumbles
(2024-05-08)
Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles.
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Final victim recovered at Key Bridge; officials plan controlled demolition
(2024-05-08)
Recovery crews have found the body of the sixth and final person who died in the Francis Scott Key Bridge collapse in Baltimore, as crews plan to remove a large section of the wreckage. The post Final victim recovered at Key Bridge; officials plan controlled demolition appeared first on FreightWaves.
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State of fleet management; rebuilding in Baltimore; factoring pain point – WTT
(2024-05-08)
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan Turman; Kevin Speers; Kenneth Payne; Shawn Ludgate; Josh Lovan The post State of fleet management; rebuilding in Baltimore; factoring pain point – WTT appeared first on FreightWaves.
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Great Dane spins out FleetPulse telematics platform
(2024-05-08)
Great Dane has spun out its FleetPulse trailer telematics platform, which will operate as an independent company having secured US$11 million in seed funding. It has named Carl-Christoph “CCR” Reckers […]
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Tornadoes Destroy Michigan FedEx Facility but Workers Safe
(2024-05-08)
PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.
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FedEx Freight to close 7 service centers nationwide in 2024
(2024-05-08)
FedEx Freight, the less-than-truckload unit of FedEx Corp. (NYSE: FDX), is closing seven service centers in the U.S. as the division continues to make alignments to its freight network. The post FedEx Freight to close 7 service centers nationwide in 2024 appeared first on FreightWaves.
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Waste fleet plans to push unused EV power back to the grid
(2024-05-08)
A U.S. Mack Trucks electric truck customer plans to generate revenue with the trucks by returning unused energy to the electrical grid. Evergreen Waste Services has taken delivery if five […]
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Daimler Unwraps Autonomous, Electric Demonstration Truck
(2024-05-08)
Daimler Truck unveiled plans May 8 to begin operating an autonomous, battery-electric Freightliner eCascadia demonstration truck.
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GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1
(2024-05-08)
GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.
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ABX pilots win back Amazon business with power of positivity
(2024-05-08)
ABX Air’s pilots union is out of Amazon’s doghouse, resulting in an improved labor agreement and a contract to fly 10 freighters. The post ABX pilots win back Amazon business with power of positivity appeared first on FreightWaves.
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FreightWaves Infographics: US-Mexico trade rises to $67B in February
(2024-05-08)
The post FreightWaves Infographics: US-Mexico trade rises to $67B in February appeared first on FreightWaves.
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FleetPulse spun off from Great Dane, raises $11M for trailer telematics
(2024-05-08)
FleetPulse has spun off from trailer OEM Great Dane and hired industry executives to lead the independent company. The post FleetPulse spun off from Great Dane, raises $11M for trailer telematics appeared first on FreightWaves.
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New shipping routes highlight growing Asia-to-Mexico trade
(2024-05-08)
Global ocean carriers are targeting the growing trade from China to Mexico with new express services. The post New shipping routes highlight growing Asia-to-Mexico trade appeared first on FreightWaves.
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Daimler Truck marries electric and autonomous technologies
(2024-05-08)
Using off-the-shelf technologies, Daimler Truck created a demonstration autonomous truck that runs on batteries instead of diesel. The post Daimler Truck marries electric and autonomous technologies appeared first on FreightWaves.
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Questions surround liability insurance hike in New Jersey
(2024-05-08)
The state is doubling the liability insurance minimum required effective July 1, but its applicability to out-of-state carriers...
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Roadcheck rolls next week: Insight from last week's rapid-fire CVSA Q&A
(2024-05-08)
Will inspectors drug test drivers roadside? What are the new OOS criteria? Which states are the toughest for Roadcheck? These...
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Rivian Sticks With EV Forecast Despite First-Quarter Loss
(2024-05-07)
Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.
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New Idaho Law OKs Truck Idling for Resting Drivers
(2024-05-07)
A new Idaho law takes effect July 1 allowing commercial vehicles to idle when drivers are resting inside and also when perishable goods are being delivered.
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RailState raises $4M to expand network, leverage AI for rail industry
(2024-05-07)
RailState’s new $4 million investment will be used for the strategic expansion of the company’s network coverage, including along the U.S.-Mexico border, and product investments to provide customers with accurate, real-time rail network information. The post RailState raises $4M to expand network, leverage AI for rail industry appeared first on FreightWaves.
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Electrification successful at NACFE trial’s electrified depots despite power challenges
(2024-05-07)
It took between nine to 36 months to energize the 10 depots in the North American Council for Freight Efficiency (NACFE) study, according to its recent report, that provided findings from […]
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Detroit Reman Completes Expansion of Minnesota Facility
(2024-05-07)
An expansion of Detroit Diesel Remanufacturing’s Hibbing, Minn., plant is complete, doubling the facility’s manufacturing and remanufacturing footprint, the division of DTNA said.
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NHTSA Seeks Information From Tesla on Autopilot Fix
(2024-05-07)
DETROIT — Federal highway safety officials want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot system.
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Suspicious Chinese Frying Oil Hurting US Biofuels Business
(2024-05-07)
China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.
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Check Call: Q1 earnings did most carriers no favors
(2024-05-07)
In this edition: First-quarter earnings hit some harder than others, and Cargado had a successful seed round of funding. The post Check Call: Q1 earnings did most carriers no favors appeared first on FreightWaves.
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WattEV’s Bakersfield Battery-Electric Charging Depot Opens
(2024-05-07)
WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.
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Expeditors reports both air and ocean tonnage up for first time since ’21
(2024-05-07)
Expeditors recorded year-on-year gains in tonnage for both airfreight and ocean freight for the first time in more than two years. The post Expeditors reports both air and ocean tonnage up for first time since ’21 appeared first on FreightWaves.
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White Paper: 2024 Customer Service Trends in the Supply Chain
(2024-05-07)
CX is Mission-Critical In today’s landscape, where high customer expectations define industry standards, assessing your CX is vital. Does it measure up? Explore DDC FPO’s report, 2024 Customer Service Trends […] The post White Paper: 2024 Customer Service Trends in the Supply Chain appeared first on FreightWaves.
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Paxafe raises $9M, highlights 330% revenue growth over past year
(2024-05-07)
AI software provider Paxafe looks to continue its strategic partnership strategy while expanding globally and building its sales team. The post Paxafe raises $9M, highlights 330% revenue growth over past year appeared first on FreightWaves.
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Weekly Fuel Report: May 07, 2024
(2024-05-07)
Your weekly fuel report has arrived! The post Weekly Fuel Report: May 07, 2024 appeared first on FreightWaves.
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Aloha Air Cargo to cease Los Angeles-Honolulu freighter service
(2024-05-07)
Aloha Air Cargo has decided to close its Los Angeles-Honolulu lane, effective June 1, because of weak demand, FreightWaves has learned. The route is marketed by Aloha, which signs customers […] The post Aloha Air Cargo to cease Los Angeles-Honolulu freighter service appeared first on FreightWaves.
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Transportation metrics weak in April but improve throughout month
(2024-05-07)
A monthly supply chain survey shows a reversal in transportation metrics during April but points to improvement on the horizon. The post Transportation metrics weak in April but improve throughout month appeared first on FreightWaves.
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Operator James Erickson's 'pure heavy-haul' 2018 Peterbilt 389
(2024-05-07)
The truck is double-framed and features 20,000-pound steer and pusher axles and 46,000-pound rears.
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Most CMV Drivers Killed in 2022 Crashes Weren't Buckled Up
(2024-05-07)
Safety experts and regulators have for years been alerting truck drivers about the dangers of not wearing seat belts, and the results have been tragic for those who did not heed the warnings.
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Bangston takes on expanded role as president, CEO of Freightliner Custom Chassis
(2024-05-07)
Daimler Truck North America announced Kevin Bangston has taken on a new, expanded role as president and CEO of Freightliner Custom Chassis Corporation (FCCC), in addition to his current role […]
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As Norfolk Southern battle nears climax, STB head Oberman backs management
(2024-05-07)
Late in the game, the head of the Surface Transportation Board is speaking out against replacing Norfolk Southern management, suggesting the effort threatens the U.S. rail network. The post As Norfolk Southern battle nears climax, <br> STB head Oberman backs management appeared first on FreightWaves.
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Strong post-accident procedures help keep insurance costs in check
(2024-05-07)
Insurance rates go up after accidents.There are ways to hold the line on those costs. The post Strong post-accident procedures help keep insurance costs in check appeared first on FreightWaves.
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C.H. Robinson Automates Email Responses With AI
(2024-05-07)
C.H. Robinson says it has launched an artificial intelligence platform that automates responses to email requests from shippers seeking answers to commonplace inquiries.
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C.H. Robinson leveraging AI tools to answer email requests for quotes
(2024-05-07)
C.H. Robinson says it is using sophisticated AI tools to automate responses to emailed quote requests for thousands of customers. The post C.H. Robinson leveraging AI tools to answer email requests for quotes appeared first on FreightWaves.
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XPO relaunches next wave of Yellow terminals
(2024-05-07)
Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year. The post XPO relaunches next wave of Yellow terminals appeared first on FreightWaves.
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US-Mexico trade tops $200B in first quarter of 2024
(2024-05-07)
U.S. trade with Mexico totaled $200 billion in the first quarter, led by shipments of vehicles, auto parts, gasoline and computers. The post US-Mexico trade tops $200B in first quarter of 2024 appeared first on FreightWaves.
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Bill would put new monitoring on USPS trucking contractors | I-17 closures, detour info
(2024-05-07)
Bill sponsors said USPS needs more oversight over contractors following reports of fatalities, injuries. The bill's reporting...
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Amazon hires ATSG to fly 10 Boeing 767 freighters
(2024-05-06)
Amazon has deepened its relationship with Air Transport Services Group, agreeing to lease at least 10 widebody freighters for five years in exchange for rights to increase its ownership stake. The post Amazon hires ATSG to fly 10 Boeing 767 freighters appeared first on FreightWaves.
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FedEx Express’ Coffel Wins Arizona State Championship
(2024-05-06)
To some, driving a commercial truck in the Arizona heat might not sound enjoyable. But to FedEx Express' David Coffel, it is a rewarding experience.
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Diesel benchmark down again as signs point to loosening of inventories
(2024-05-06)
The benchmark diesel price used for most fuel surcharges was down Monday for the fourth week in a row. The post Diesel benchmark down again as signs point to loosening of inventories appeared first on FreightWaves.
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Diesel Price Sheds 5.3¢ to $3.894 a Gallon
(2024-05-06)
The national average diesel price slid 5.3 cents a gallon to settle below $3.90 for the first time in 13 weeks, according to Energy Information Administration data released May 6.
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UPS Finance Chief to Leave Parcel Giant to Focus on Health
(2024-05-06)
UPS Inc.’s top financial executive plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.
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UPS Chief Financial Officer Brian Newman stepping down
(2024-05-06)
UPS announced Monday that Brian Newman, executive vice president and chief financial officer, will step down June 1. The company has begun a search for his successor. The post UPS Chief Financial Officer Brian Newman stepping down appeared first on FreightWaves.
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House seeks to crack down on Postal Service trucking contractors
(2024-05-06)
Trucking companies contracting with the U.S. Postal Service will face new reporting requirements and penalties if a bill passed by the House is approved by the Senate. The post House seeks to crack down on Postal Service trucking contractors appeared first on FreightWaves.
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$53M project brings hydrogen-powered Hyundai trucks to California
(2024-05-06)
The Center for Transportation and the Environment launched a project in California to deploy 30 of Hyundai Motor Co.’s hydrogen-powered trucks to fight emissions. The post $53M project brings hydrogen-powered Hyundai trucks to California appeared first on FreightWaves.
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Daimler Truck Q1 Profit Rises Even as Sales Fall
(2024-05-06)
Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.
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Homendy’s NTSB Reappointment Before Senate
(2024-05-06)
The nomination of Jennifer Homendy to continue leading the National Transportation Safety Board awaits a vote in the Senate.
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New Class 8 truck orders in April up from a year ago, down from March
(2024-05-06)
New Class 8 truck orders in April up from a year ago, down from March. The post New Class 8 truck orders in April up from a year ago, down from March appeared first on FreightWaves.
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UAW Members Ratify Four-Year Freightliner Labor Deal
(2024-05-06)
United Auto Workers members ratified a four-year labor deal with Daimler Truck North America covering 7,400 mostly Freightliner employees, the union said May 4.
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Crossword Puzzle Solution for May 6, 2024
(2024-05-06)
Here's the solution to the crossword puzzle found in the May 6, 2024 print edition.
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What’s less healthy: Truckers or truckload market? – WTT
(2024-05-06)
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Frank Hurst; Dr. Mark Manera; Thomas Wasson The post What’s less healthy: Truckers or truckload market? – WTT appeared first on FreightWaves.
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Daimler Truck North America and UAW ratify deal
(2024-05-06)
Daimler Truck North America (DTNA) and the United Auto Workers (UAW) have reached new collective bargaining agreements covering approximately 7,400 hourly employees at six manufacturing and component facilities in the […]
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End of Tolls Coming for Alabama’s Foley Beach Express Bridge
(2024-05-06)
A toll-free ride across the Foley Beach Express Bridge in Orange Beach, Ala., will be a reality for the first time in more than 20 years now that the state has reached a deal to purchase the span.
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Weekly NTI Update: May 06, 2024
(2024-05-06)
The FreightWaves SONAR National Truckload Index (NTI) is a seven-day moving average of freight spot rates that measures the U.S. for-hire, over-the-road dry van trucking market. Historical and daily NTI data is available only through FreightWaves SONAR. The post Weekly NTI Update: May 06, 2024 appeared first on FreightWaves.
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FreightWaves Infographics: US parcel revenue sees first decline in 7 years, report finds
(2024-05-06)
The post FreightWaves Infographics: US parcel revenue sees first decline in 7 years, report finds appeared first on FreightWaves.
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Distracted Driving Awareness Month: How drivers and carriers can be safer
(2024-05-06)
Cell phone use is just one of many distractions that can divert truck drivers’ attention away from the road, says Chris Hayes of Travelers Risk Control. The post Distracted Driving Awareness Month: How drivers and carriers can be safer appeared first on FreightWaves.
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CVSA Mulls Another Personal Conveyance Guidance Request
(2024-05-06)
Twice in the past four years, CVSA has failed to persuade FMCSA to strengthen guidance for stopping a rise in truckers improperly using personal conveyance to stretch the hours they drive.
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Trucking Announcements: Erb receives purpose award, Cummins promotes Trueblood
(2024-05-06)
Each week, TruckNews.com lists notable moves, promotions and awards in the trucking industry. This week, the Erb Group received the Transportation Marketing & Sales Association’s Purpose award, and the Canadian International Freight […]