Walmart Stock Outperforms Target

By |2023-05-22T09:00:39-05:00May 19th, 2023 at 2:57 AM|Trucking News|

Shopping carts in the parking lot of a Walmart store in Rohnert Park, Calif. (Justin Sullivan/Getty Images via Bloomberg News) Walmart Inc. shares are far outshining those of Target Corp. and other retail peers, as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer more shelter from slowing economic growth. One ...more

DASH CAM: Car ignored flashing lights, stop sign in moments before fatal collision with tractor trailer 

By |2023-06-06T11:30:35-05:00May 19th, 2023 at 12:00 AM|Trucking News|

A trucker’s dash cam footage shows the moments before a motorist ignored the rules of the road and drove straight into the path of the moving semi truck.  The accident happened on Thursday morning, May 18th in Fresno County, California on Highway 33. The dash cam shows the car driving straight through the stop signs, flashing ...more

Trucking Q1 Results Show Substantial Slowdown

By |2023-05-19T12:19:59-05:00May 18th, 2023 at 12:22 PM|Trucking News|

Consumer weakness and inventory overhangs hampered trucking activity in the first quarter, according to one analyst. (.CHUYN/Getty Images) The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts. “Broadly, numbers had to come down,” Wells Fargo analyst Allison Poliniak-Cusic said. “Things are a bit muted than maybe ...more

Illinois Bill Aims to Allow Punitive Damages With No Limits

By |2023-05-19T12:20:02-05:00May 18th, 2023 at 12:04 PM|Trucking News|

AndreyPopov/Getty Images Illinois legislators are fast-tracking a bill adding pain and suffering damages without limits to wrongful death lawsuits in a last-minute move backed by a small group of trial lawyers, despite dozens of business opponents, including truckers. “It is politics in Illinois. It is an end-of-session bill and these are things that pop up ...more

EV Battery-Swapping Could Help Solve Charging Problems

By |2023-05-19T09:00:54-05:00May 18th, 2023 at 10:37 AM|Trucking News|

An Ample battery changing station at the company's headquarters in San Francisco. (David Paul Morris/Bloomberg News) More than a decade ago, a high-flying startup called Better Place made a billion-dollar bet that electric car drivers would prefer to swap depleted batteries for fresh ones in minutes rather than charge them for hours. At the time, ...more

Walmart Boosts Outlook After a Strong First Quarter

By |2023-05-19T08:20:52-05:00May 18th, 2023 at 10:26 AM|Trucking News|

Eduardo Munoz Alvarez/Associated Press NEW YORK — Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget-conscious consumers in a challenging economic environment. Shares rose 1.5% in premarket trading May 18. Walmart’s financial performance hints at a U.S. consumer that has remained resilient ...more

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