Homebuilder Sentiment Extends Record Decline to 12 Months
U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in more than a decade outside of the pandemic amid elevated mortgage rates and high construction costs. The National Association of Home Builders/Wells Fargo gauge dropped 2 points this month to 31, the lowest level since June 2012 excluding ...more
Union Pacific Puts Shipping Limits on Hold
OMAHA, Neb. — Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December. Union Pacific has put more than 1,000 of these embargoes in place this year — significantly more than all the other major freight ...more
Diesel Drops 15.8¢ to Reach $4.596 a Gallon
The national average price for diesel fuel continued to tumble, falling 15.8 cents to settle at $4.596 a gallon, according to Energy Information Administration data released Dec. 19. Highlights The price of a gallon of diesel has fallen six consecutive weeks for a total of 73.7 cents. The last time the cost was below $4.60 ...more
Great Dane Announces Top Executive Succession
Longtime Great Dane CEO Bill Crown announced he will step down effective Jan. 1. Dean Engelage, Great Dane’s president, will succeed Crown. Engelage’s appointment is part of a managed executive transition, the trailer maker reported. “It has been a privilege to serve Great Dane as CEO over the past 25 years, where both our internal ...more
Ashley Leiva, Mother and Combat Veteran, Wins Award for New Truck Drivers
WASHINGTON — A young mother from Texas who is a 15-year combat veteran won the keys to a T680 Next Generation Kenworth truck Dec. 16 after capturing the 2022 Transition Trucking: Driving for Excellence Award at the U.S. Chamber of Commerce. The award, launched in 2016 to address the nationwide driver shortage and create immediate ...more
Dash cam captures man hanging onto semi’s bull bar in suspected road rage incident
Canadian police are investigating a suspected road rage incident that left a man clinging to the front end of a semi truck traveling down the Coquihalla Highway last week. The incident began around 1 p.m. on December 15 at the Inks Lake brake check on Highway 5, according to local outlet Castanet.Authorities say that a ...more
Alcohol, speed, both factors in party bus crash with tractor trailer, police say
Alcohol and speed were both factors in a party bus’ crash with a semi truck in Virginia last week, police say. The crash happened just after 1:30 a.m. on Friday, December 16th near Williamsburg, Virginia and has prompted a safety investigation by the National Transportation Safety Board in cooperation with state police. The agency will ...more
POLICE: Miles of red dye left on Oregon interstates because trucker’s company told him to keep driving
A semi truck left miles of red dye along Oregon interstates on Saturday due to leaky cargo. The incident happened on December 17th from Happy Valley to Troutdale through Portland. According to The Oregonian, 40-year-old trucker Junior Jean stopped to check on the leaky cargo after being flagged down by other truckers. When he called his ...more