Yellow also said it had sold a terminal in Compton, Calif., for $80 million. (Yellow Corp.) Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as the less-than-truckload carrier battles the Teamsters union and the threat of bankruptcy. The company’s share price rose 5.83% ...more
The current 3.9-cent rise in the national average diesel price trails only an 8-cent increase Jan. 23 for this year. (Johnny H5/Getty Images) Diesel prices climbed 3.9 cents to a national average of $3.806 a gallon, according to Energy Information Administration data released July 10. Highlights The diesel price increase was just the sixth of ...more
An overview of the project. The interchange at I-80 and I-25 is a critical freight corridor for local, state and national needs. (i25i80.com) Wyoming officials are eager to start spending a new $13 million federal grant to complete final redesign to modernize where interstates 25 and 80 intersect in the state’s largest and most heavily ...more
Used cars for sale at Big Motoring World's showroom near Chatham, U.K. (Chris Ratcliffe/Bloomberg News) Used car prices in the U.S. fell 4.2% in June, their biggest monthly drop since the early days of the pandemic, as a key measure of inflation eases. Rising interest rates and bigger discounts on new cars are sapping demand ...more
The Freightliner eCascadia is an example of legacy brands introducing "cleaner" versions of their trucks. (Freightliner) New registrations for U.S. Class 8 trucks are set to total 249,836 this year, according to S&P Global Mobility, a jump of 12% compared with its expectations at the start of the year as economic headwinds failed to materialize. ...more
President Joe Biden in the Oval Office. (Drew Angerer/Getty Images via Bloomberg News) Stellantis NV and Toyota Motor Corp. blasted a Biden administration plan to squelch auto pollution, saying it would compel aggressive and unrealistic sales of electric vehicles that strain critical mineral supplies. In comments filed with the federal government, the automakers warned that ...more
A tractor-trailer crosses over the Shenandoah River near Harpers Ferry, W.Va. (Joesboy/Getty Images) West Virginia Gov. Jim Justice announced the state’s Infrastructure Hub website will be updated to provide plans and show accomplishments in deploying $7 billion in expected federal funds. “We have a ton of infrastructure projects already going, with more on the way,” ...more
ACT Research noted in a report June 21 that the for-hire trucking market has been rebalancing as the freight cycle nears a turning point. (Aziz Shamuratov/Getty Images) The trucking industry has entered the late stages of the freight cycle downturn, but positive destocking trends have helped balance low demand. “I think the best way to ...more
One person is dead after attempting to cross a highway in a golf cart in South Carolina on Friday afternoon. The incident happened on July 7th in Horry County, South Carolina. According to Valley News Live, the driver of the golf cart was trying to drive east on Adrian Highway in order to cross Highway 19 ...more
The truck driver killed by teenage robbers as they fled police during a chase has been identified. The incident occurred just after 5:30 a.m. in Lakewood, Washington on June 29th near Berkely Street Southwest and Thorne Lane. According to The Chronicle, the 16-year-old suspects were fleeing police in a stolen vehicle when they struck the semi ...more
