President Biden disembarks from Marine One on the South Lawn of the White House Aug. 14. (Yuri Gripas/Abaca via Bloomberg News) President Joe Biden urged the United Auto Workers union and Detroit’s Big Three automakers to come to a “fair agreement,” weighing in on tense contract talks with major implications for the U.S. economy. Significant ...more
WendellandCarolyn and pcess609 via Getty Images With the year more than halfway completed, there has been much concern about rising insurance premium costs. However, are we getting close to an environment in which those rates are leveling out or even reversing course? And what are the main factors to get the industry there? Here’s what ...more
Roland Bolduc (left) and Ina Daly by John Sommers II for Transport Topics They make an intriguing pair of friendly rivals. He is the affably charismatic reigning national champion. She is the astutely cerebral taskmaster. His domain is center stage—the “big table,” as he describes it. Hers is solitude found only in the serenity of ...more
XH4D via Getty Images Insurance companies and brokers are finding the benefits in artificial intelligence to better assist trucking companies with their risk management needs. The technology has helped by quickly collecting and deploying data, enhancing safety and potentially paving the way to lower insurance costs, technology and insurance experts said. “Insurance companies are using ...more
SAF-Holland products on display at the company's exhibit booth at TMC 2023 in Orlando, Fla. (John Sommers II for Transport Topics) Sales at SAF-Holland jumped in the second quarter of 2023 on the back of North American trailer and truck markets plus increasing demand for disc-braked axle systems for trailers, the component manufacturer said Aug. ...more
A pumpjack and oil refinery in West Texas. Fuel use may soar even higher in August. (dszc/Getty Images) Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said. World fuel use averaged 103 million barrels a day for the first ...more
A Waymo autonomous taxi in San Francisco on Aug. 10. (David Paul Morris/Bloomberg) SAN FRANCISCO — California regulators on Aug. 10 approved an expansion that will allow two rival robotaxi services to operate throughout San Francisco at all hours, despite safety worries spurred by recurring problems with unexpected stops and other erratic behavior that resulted ...more
Navistar's headquarters in Lisle, Ill. The company's International Trucks brand sold 3,039 units in July, a 36.3% increase year-over-year. (Christopher Dilts/Bloomberg News) U.S. Class 8 retail sales in July increased 2.5% from a year ago but were down from the prior month, Wards Intelligence reported. Class 8 sales reached 21,021 units, up from 20,513 in ...more
FMCSA's pre-emption decision was upheld in January 2021 by the 9th U.S. Circuit Court of Appeals, supporting the 2018 determination involving California. (Department of Transportation) The Federal Motor Carrier Safety Administration has announced it will accept petitions for waivers from its 2018 and 2020 decisions to pre-empt truck driver meal and rest break law requirements ...more
Yellow Corp. trucks parked at a facility in Hayward, Calif., Aug. 2. (David Paul Morris/Bloomberg News) Negotiations between Yellow Corp. and a growing number of parties interested in financing the Nashville, Tenn.-based company’s bankruptcy proceedings are set to continue through Aug. 15. Yellow’s lead bankruptcy attorney, Kirkland & Ellis partner Patrick Nash, told a Delaware ...more
