Trucking Takes Steps Toward Hydrogen Technology

By |2023-07-21T08:20:26-05:00July 20th, 2023 at 10:20 AM|Trucking News|

Cummins revealed a medium-duty concept truck powered by the B6.7H hydrogen internal combustion engine (H2-ICE) at the IAA Transportation exhibition in Hanover, Germany, last September. (Cummins Inc.) Daimler Truck Holding AG is pushing a hydrogen technology as an alternative to batteries and fuel cells in the shift to zero-emission rigs. The advantage? It would be ...more

Tesla Income Jumps 20% to $2.7 Billion

By |2023-07-20T16:20:02-05:00July 20th, 2023 at 9:37 AM|Trucking News|

Tesla reported vehicle delivery rose 83% compared to the year-earlier quarter. (Eric Gay/Associated Press) SAN FRANCISCO — Elon Musk’s big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results. Sales jumped and the company beat analyst expectations for net income in ...more

Container Volumes Down Year-Over-Year in June

By |2023-07-20T12:20:18-05:00July 20th, 2023 at 8:20 AM|Trucking News|

Workers moved 833,030 containers at the Port of Los Angeles in June, making it the facility’s strongest performance since last July. (Port of Los Angeles) Container volume was lower in June when measured against strong year-ago levels at ocean cargo facilities on the West and East Coasts, but some signs of improvement can be seen. ...more

Senate Defense Bill Includes Freight-Centric Policy

By |2023-07-21T16:20:31-05:00July 20th, 2023 at 5:16 AM|Trucking News|

A truck enters a security checkpoint at Charleston AFB in South Carolina. An Armed Services panel said there is no universal access standard across the military's branches for truckers. (Nicholas Pilch/U.S. Air Force) WASHINGTON — A must-pass defense policy bill under consideration in the Senate includes a proposal to further facilitate access for trucks to ...more

Funding Leaders Eye FY24 Bills’ Finalization

By |2023-07-21T16:20:37-05:00July 20th, 2023 at 4:25 AM|Trucking News|

Murray said, “This is a strong bipartisan bill that makes critical investments to continue investing in the infrastructure that helps Americans get to where they need to be." (Jacquelyn Martin/Associated Press) Leaders in the House and Senate aim to finalize legislation that would fund the Department of Transportation during fiscal 2024. On July 20, a ...more

Canadian Dockworkers May Be Reconsidering Rejected Offer

By |2023-07-21T12:25:12-05:00July 20th, 2023 at 2:14 AM|Trucking News|

Prime Minister Justin Trudeau at the Australia-Canada Economic Leadership Forum July 18. (Galit Rodan/Bloomberg News) Dockworkers might be rethinking their position on a tentative deal after calling off a renewed strike planned for this weekend at Canada’s west coast ports, according to Prime Minister Justin Trudeau. “We’re glad to see that the union is reconsidering ...more

M&A Trucking Market Weathers 2023 Headwinds

By |2023-07-21T12:25:16-05:00July 20th, 2023 at 1:28 AM|Trucking News|

There haven't been too many mergers and acquisitions in 2023, but one notable deal that was completed was Knight-Swift Transportation acquiring U.S. Xpress. (Knight-Swift Transportation Holdings Inc. via PowerPoint) The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said. “There’s no lack ...more

June Trailer Orders Drop 59% Year-Over-Year

By |2023-07-21T12:25:21-05:00July 20th, 2023 at 1:03 AM|Trucking News|

“We actually have not opened for next year yet. But we’re getting closer to that," says Stoughton Trailers Vice President of Sales David Giesen. (Stoughton Trailers) U.S. trailer orders continued the trend of year-over-year declines with a large drop in June, according to data released by ACT Research. Preliminary data show orders decreased 58.8% year-over-year ...more

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