Spot Freight Rates Lose Momentum Following Recent Improvements
A rally in spot truckload freight rates appears to have fizzled last week as truck capacity jumped 21% while available freight fell 18% compared to the previous week, according to DAT Solutions, which operates the DAT network of load boards. The nation…
Peterson’s upsized LED hits the streets Jan. 1
GRANDVIEW, Mo. – If you want something ‘bigger and brighter’ for your trailer, Peterson Manufacturing has just released its single-diode LED clearance/marker/mid-turn lamp. Designed for heavy-duty trailers, the new model is called the Dot Light XL. The American-made light is…
Medium-duty orders accelerate while Class 8 orders slow: ACT Research
COLUMBUS, Ind. — November truck orders indicate a growing Classes 5-7 market and weakening Class 8 demand, according to ACT Research. There were 16,770 net new orders for Class 8 trucks in November, while Classes 5-7 orders came in at…
Andy Transport’s purchase expands its services
SALABERRY-DE-VALLEYFIELD, Que. – Andy Transport announced the acquisition of Matrec’s terminal Dec. 17, located at 4, chemin du Tremblay, Boucherville, as an effort to handle an increase the company has seen in market demand, while enhancing its services. The facility…
EBI opens its fourth CNG fueling station
JOLIETTE, Que. – EBI has opened the doors of its fourth compressed natural gas (CNG) fueling station in Quebec, in what it says was in the context of the recent climate change agreement signed in Paris. The new station is…
McLeod Partners with Teletrac for HOS Platform
McLeod Software’s fleet management platform LoadMaster will now connect with the Teletrac Fleet Director hours of service platform as part of a partnership between the two companies. The integration will allow fleet managers to quickly review drivers’ …
Navistar posts $50M Q4 loss, projects return to profitability next year
LISLE, Ill. — Navistar has reported a net loss of US$50 million for the fourth quarter on revenues of $2.5 billion. The quarter included $69 million in restructuring-related and impairment charges, $40 million in pre-existing warranty adjustments and $14 million…
Mullen Group reduces capital spending, dividend
OKOTOKS, Alta. — Mullen Group has approved a capital budget of $25 million for 2016, which will primarily be used to purchase new trucks and trailers for operations within its trucking/logistics segment. Its spending is being reduced by $55 million…
Economic Watch: What’s Behind Fed Interest Rate Hike?
The U.S. Federal Reserve’s Open Market Committee on Wednesday decided to push short-term interest rates higher for the first time since 2006. The unanimous decision pushes the target for the federal funds rate, the interest rate at which banks lend mon…
Trucker arrested after rig gets stuck on Rt. 70 in Lancaster
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