President Obama is giving federal agencies slightly more than one year to draft a rule proposal that would boost fuel economy and tighten greenhouse-gas emissions for medium- and heavy duty trucks. Obama directed the National Highway ...
Tags: Transportation, Trucks
The forthcoming Chevrolet City Express small van was on display here during a press preview for General Motors' redesigned heavy duty pickups. While the van was not available for a test drive, journalists were given a sneak peek in ...
Tags: Auto Parts, Transportation, Chevrolet
Wal-Mart Stores Inc. unveiled a concept tractor-trailer Feb. 17 during a meeting to report on progress in meeting the company's sustainability goals. The Wal-Mart Advanced Vehicle Experience (WAVE) features a microturbine hybrid power ...
Tags: Unveils, Tractor-Trailer, Trailer, Transportation, auto
Daimler Trucks North America, which achieved nearly a 40% market share in 2013, expressed optimism about the coming year following a strong January. David Hames, general manager of marketing and strategy, said orders during the first ...
Tags: Transportation, Truck
A demonstration truck built by Cummins Inc. and Peterbilt Motors Co. achieved a 10.7 mile-per-gallon fuel economy reading last month under real-world driving conditions, the companies announced. The project is part of the U.S. Department ...
Tags: Transportation
Truck tonnage rose 1.2% in January, held back by a series of nationwide winter storms, American Trucking Associations announced. The impact of the storms was illustrated by the 4.3% drop from December, the largest sequential decline in ...
Tags: Transportation, Truck
Prices paid to U.S. producers rose 0.2% in January, the Labor Department reported Feb. 19. Last month's producer price index reading followed a rise of 0.1% in December. Economists' had forecast a 0.1% rise, Bloomberg News reported. The ...
Tags: Transportation, Economy
Trucking accounted for 3,200 of the 113,000 jobs added in January, and the U.S. unemployment rate fell to a five-year low of 6.6%, the Labor Department reported Feb. 7. The job increase was below economists' forecasts of 180,000, and ...
Tags: Transportation
Echo Global Logistics Inc. said its profit fell in the fourth quarter due to weak demand in November that only partially recovered in December. Echo's net income dropped to $2.7 million, or 12 cents a share, from $3.3 million, or 14 ...
Tags: Transportation
Heartland Express Inc. net income rose 11% to $15.8 million, or 18 cents per share, from $14.3 million, or 17 cents per share, as fourth-quarter results reflected the acquisition of Gordon Trucking Inc. late last year. Heartland, based in ...
Tags: Transportation, Express
Knight Transportation Inc. has agreed not to acquire any additional stake in USA Truck Inc. for the next seven months as part of a lawsuit settlement, the carriers said. The settlement ends a court case USA Truck had filed after Knight ...
Tags: Knight, Truck Takeover, Transportation
Training truck drivers on simulators shows some safety benefits, but the benefits do not last very long, the American Transportation Research Institute said. ATRI's research found that drivers who received simulator training were safer ...
Canadian transportation firm Mullen Group said its net income fell in the fourth quarter as weather and holidays hurt trucking and logistics operations. Profit fell to C$20.3 million, or 22 cents a share, a 6.9% decrease from last year's ...
Tags: Transportation
It's like clockwork. Whenever someone calls me about selling their company, they respond to my spiel with the exact same question: "What's my business worth?" My answer is always the same but never the one they expect: "It depends." ...
Tags: Sale Price, Business Sale Price, Tips
A study by PwC US found that global transportation and logistics mergers and acquisitions rose by 57 percent in the fourth quarter, while the value of those deals increased by 100 percent. The firm, which publishes a quarterly analysis of ...
Tags: Auto Parts, Accessories, Transportation, logistics