In ELFA's August confidence index, 89.3% of respondents believe business conditions will remain the same over the next four months. (shutterstock) Confidence in the prospects for the equipment finance market rose in August, with far fewer business leaders expecting weaker conditions, according to the Equipment Leasing & Finance Foundation. The Washington, D.C.-based foundation’s August 2023 ...more
A Cruise robotaxi had a green light and was passing through an intersection when it was hit by was hit by a San Francisco firetruck. (abc7news.com) A Cruise robotaxi collided with a firetruck late Aug. 17 in San Francisco, injuring the vehicle’s passenger. The autonomous driving company, a subsidiary of General Motors Co., reported the ...more
The new Alaskan route includes ports along the coast and rivers in southwestern and northern Alaska from the Aleutian Islands (shown) to the Canadian border. (mjunsworth/Getty Images) Two new marine highway systems have added 250 miles to the Ohio River system and 6,500 miles of Alaskan waterways to the national transportation system to improve freight ...more
Dick Gillespie enjoys another year at NTDC. (Dan Ronan/Transport Topics) COLUMBUS, Ohio — Veteran truck driver and two-time grand champion Dick Gillespie says he never tires of coming to trucking events such as the National Truck Driving Championships and National Step Van Championships. After all, at a still-spry 80 and working part time as a ...more
Up to 20,000 semi-trucks travel on the I-4 corridor between Daytona Beach and Tampa daily, according to Florida DOT. (ablokhin/Getty Images) The Florida Department of Transportation plans to start construction on a new truck rest area with 132 spaces near Interstate 4 in Sanford just south of the Volusia County line. But that won’t happen ...more
The Ford Mustang Mach-E on display at the 2022 North American International Auto Show in Detroit. (Erin Kirkland/Bloomberg News) Ford Motor Co. is joining with South Korean battery-component makers SK On Co. and EcoPro BM Co. to build a cathode active material plant in Quebec worth more than C$1.2 billion ($887 million). The Canadian and ...more
Ron Round said the test was "tough." (John Sommers II for Transport Topics) COLUMBUS, Ohio — Difficult. Overwhelming. Tough. Hard. These were commonly heard descriptions from drivers about the written exam at this year’s “Super Bowl of Safety.” The exam, based on guidelines outlined in American Trucking Associations’ “Facts for Drivers,” tests drivers on industry ...more
Signage outside a Tyson Foods plant in Union City, Tenn. (Luke Sharrett/Bloomberg) Tyson Foods Inc., the biggest U.S. meat company, is exploring options including a potential sale of its China business, according to people with knowledge of the matter. The process is at an early stage and some private equity firms have expressed initial interest ...more
More than 50% of Walmart's annual sales come from the non-discretionary category of food. (Walmart Inc.) NEW YORK — Walmart reported strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment. The nation’s largest retailer boosted its annual outlook again, sending shares up as much as ...more
Elmo Guillot (dignitymemorial.com) Elmo Guillot, former owner of New Orleans-based Southeastern Motor Freight Inc. and Triple G Express Inc., died on Aug. 12 surrounded by his family. He was 88. Earlier this summer, Guillot, a resident of Metairie, La., was diagnosed with multiple myeloma, a blood cancer that affects bones, said his son Randy Guillot. “He ...more
