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

Transportation Labor Gets Biden Administration Attention

By |2023-05-19T04:21:42-05:00May 18th, 2023 at 9:33 AM|Trucking News|

welcomia/Getty Images Transportation leaders from government and industry are closely watching labor negotiations that hold consequence for the nation’s supply chain, including pending contracts with workers from both UPS Inc. and Yellow Corp. — two of the largest freight carriers in the United States. “These are certainly talks we’re monitoring, whether we’re talking about the ...more

April Trailer Orders Down 49% Year-Over-Year

By |2023-05-18T16:21:12-05:00May 18th, 2023 at 9:12 AM|Trucking News|

A Great Dane trailer under production. "Telematics demand has really surged as we’ve gone standard on FleetPulse," CEO Chris Hammo d says. (Great Dane via YouTube) U.S. trailer orders dropped by nearly half from the year-ago total to an estimated 10,000 units in April, ACT Research reported. Preliminary data show orders decreased 49% year-over-year from ...more

NTSB Report Says 10,000 Bridges at Risk for Corrosion

By |2023-05-22T08:20:22-05:00May 18th, 2023 at 5:44 AM|Trucking News|

A Pittsburgh Transit Authority bus is seen on the collapsed Fern Hollow Bridge from Jan. 28, 2022. (Gene J. Puskar/Associated Press) Investigators looking into the collapse of a Pittsburgh bridge want transportation officials nationwide to examine more than 10,000 other bridges with similar construction to ensure they don’t have the same kind of corrosion that ...more

Infrastructure Coalition Advocates for Freight Funds

By |2023-05-22T08:20:26-05:00May 18th, 2023 at 3:59 AM|Trucking News|

CAGTC WASHINGTON — A coalition of several dozen groups gathered in the nation’s capital to draw attention to supply chain projects in need of federal support, calling on policymakers to approve long-term funding as well as reform the federal permitting process. The Coalition for America’s Gateways and Trade Corridors is pressing for further attention to ...more

US, Canada Plan First Cross-Border Electric Vehicle Corridor

By |2023-05-19T16:20:22-05:00May 18th, 2023 at 2:52 AM|Trucking News|

Transportation Secretary Pete Buttigieg (foreground) joined Michigan Gov. Gretchen Whitmer (second from left) and other dignitaries in making the EV announcement. (dot.gov) OTTAWA — The U.S. and Canada announced the creation of the Binational Electric Vehicle Corridor, an 872-mile route that will stretch from Kalamazoo, Mich., to Quebec City, Quebec, and feature fast chargers every ...more

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