Homebuilder Sentiment Extends Record Decline to 12 Months
U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in more than a decade outside of the pandemic amid elevated mortgage rates and high construction costs. The National Association of Home Builders/Wells Fargo gauge dropped 2 points this month to 31, the lowest level since June 2012 excluding ...more
Union Pacific Puts Shipping Limits on Hold
OMAHA, Neb. — Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December. Union Pacific has put more than 1,000 of these embargoes in place this year — significantly more than all the other major freight ...more
Diesel Drops 15.8¢ to Reach $4.596 a Gallon
The national average price for diesel fuel continued to tumble, falling 15.8 cents to settle at $4.596 a gallon, according to Energy Information Administration data released Dec. 19. Highlights The price of a gallon of diesel has fallen six consecutive weeks for a total of 73.7 cents. The last time the cost was below $4.60 ...more
Great Dane Announces Top Executive Succession
Longtime Great Dane CEO Bill Crown announced he will step down effective Jan. 1. Dean Engelage, Great Dane’s president, will succeed Crown. Engelage’s appointment is part of a managed executive transition, the trailer maker reported. “It has been a privilege to serve Great Dane as CEO over the past 25 years, where both our internal ...more
Ashley Leiva, Mother and Combat Veteran, Wins Award for New Truck Drivers
WASHINGTON — A young mother from Texas who is a 15-year combat veteran won the keys to a T680 Next Generation Kenworth truck Dec. 16 after capturing the 2022 Transition Trucking: Driving for Excellence Award at the U.S. Chamber of Commerce. The award, launched in 2016 to address the nationwide driver shortage and create immediate ...more
Self-driving truck tech company to lay off 700 workers before Christmas, per report
A major autonomous truck technology company is expected to announce the termination of hundreds of workers on Tuesday, according to several reports. San Diego-headquartered TuSimple is expected to announce the layoff at least of half of its 1430 full-time employees on December 20, 2022, according to the Wall Street Journal.In addition to the layoffs, TuSimple ...more
Dump truck driver stops what he’s doing to escort blind man crossing street
A dump truck driver went out of his way to help a blind man cross the street in South Dakota this week. The dump truck driver was cleaning the streets when he noticed a blind man trying to cross in Watertown, South Dakota, according to an email to KXLG. The email states that the dump truck ...more
70 truckers finally made it out of a South Dakota truck stop after almost a week of burial under snow
Dozens of truck drivers spent most of last week buried under snow drifts at the Coffee Cup Fuel Stop located in Vivian, South Dakota. Last week, Winter Storm Diaz dumped as much as 30 inches of snow on parts of South Dakota during a three day long storm. Gusting winds made matters worse, causing tall ...more