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Inflation exceeds forecasts as fuel prices surge
Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after this week’s monetary policy meeting.
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Retrieved from Secretary Pete Buttigieg on Twitter.
Truck parking projects among $80M in highway safety grants
The awards are part of a 65% increase in truck parking funding over last year, according to the FMCSA.
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Retrieved from T&I Committee on YouTube.
Congress holds AV truck hearing during Driver Appreciation Week
ATA CEO Chris Spear told lawmakers "displacement is a myth" and the technology will help address a driver shortage.
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Estes raises offer for Yellow terminals to $1.525B
The privately owned LTL carrier is in a bidding war with Old Dominion Freight Line for the properties.
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Dollar General to grow private fleet to 2K trucks by year’s end
The discount retailer’s private fleet now handles nearly half of its outbound transportation needs.
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Werner CEO notes caution with M&A in current environment
The company is putting a pause on M&A, Derek Leathers said this week at the Morgan Stanley 11th Annual Laguna Conference.
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A. Duie Pyle opens terminal in West Virginia
The LTL carrier launched service for the state last year from its Virginia, Pennsylvania and Maryland facilities.
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Retrieved from Vedder Transportation Group on Facebook on September 07, 2023
TFI acquires food tanker carrier
Vedder Transportation Group is the Canada-based freight giant's ninth acquisition this year.
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California’s Senate passes bill to restrict autonomous trucks
The measure could require a safety operator onboard heavy AVs for years.
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Yellow adds 2 board members with restructuring experience
Top shareholder MFN Partners specifically recommended Mary Nell Browning and Thomas Knott for the open seats, the company said.
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Gatik expands its AV lineup with Class 7 trucks in Tyson routes
The autonomous vehicle effort could eventually save the food company $900,000 per year, a spokesperson said.
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Trucking M&A is poised to heat up
Rising interest rates, a cool freight market and generational trends could spur activity in the acquisitions market.
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Former Argo AI leaders launch new autonomous trucking company
Pittsburgh-based Stack AV has SoftBank Group backing it with capital, resources and AI expertise, according to a news release.
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Retrieved from Hyzon on September 07, 2023
Hyzon truck model uses liquid hydrogen to travel farther
The electric vehicle made deliveries to Performance Food Group customers in Texas for an inaugural commercial run.
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Wawa debuts first-ever electric truck
The c-store chain will run a six-month pilot program in partnership with Penske in order to “test and learn” more about this side of the electric vehicle space.
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Fleets pressured by higher insurance, claim costs
Knight-Swift and Heartland Express reported elevated expenses in H1 and auto insurance premiums rose in Q2, continuing a yearslong streak.
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Werner found guilty of discriminating against driver applicant
The carrier expressed disappointment this week with the jury’s decision and is considering an appeal.
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Cummins, Daimler, Paccar partner on $3B US battery plant
The three trucking OEMs are forming a joint venture to produce LFP batteries in the country, as demand for clean energy continues to grow.
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Some Ryder drivers vote to join union amid nationwide uptick
“Earning a voice on the job was their number one goal,” Teamsters representative Scott Chismar told Trucking Dive.
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Schneider National names new CFO
Darrell Campbell will join the Wisconsin-based carrier Sept. 30.
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Retrieved from Mack Trucks on September 05, 2023
Mack Trucks recall affects 27K vehicles
The trucks' turn-signal defect fails to meet a federal safety standard, the NHTSA said.
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Q&A
Horse-trading likely in Yellow terminal auction: bankruptcy expert
"It can be a very value-maximizing process," said George Singer, partner at Holland & Hart.
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Maverik completes deal for C-store chain, fuel carrier
The deal, announced in April, involves the acquisition of Kum & Go convenience stores and tanker trucking company Solar Transport.
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Nearly 7% of US bridges in poor condition
The Lacey V. Murrow Memorial Bridge in Seattle and the Route I‐678 span over Flushing Bay Promenade in New York City were downgraded, according to a new report.
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Photo retrieved from PS Logistics
PS Logistics continues expansion strategy with two more acquisitions
The recent deals by the company expands the 3PLs presence in the Midwest and Southeast.