Alan Batey, president of General Motors’ North American operations, talks about auto sales, fuel economy standards, the truck business and President-elect Donald Trump.
Ford Motor Co. has stolen market share in the big work truck segment from competitors such as Freightliner and Navistar by introducing a new line of Class 6 and 7 trucks with a gasoline engine option.
Freight demand in November rose 5.7 percent from a year ago and will rise in 2017 because of strong retail sales and housing markets, the American Trucking Associations said.
Slowing demand for hauling and shipping services pushed truck driver turnover at the big freight companies to a five year low in the third quarter, the American Trucking Associations said Friday.
Despite a November bump in orders for Class 8 trucks, big rig manufacturing is expected to decline again in 2017, falling to just 200,000 trucks.
UPS, FedEx and others are tackling record demand from Black Friday, Cyber Monday and Christmas using on-demand warehousing, specialty tracking and seasonal hiring.
Long-term and sustainable revenue sources are needed to plug a $740 billion infrastructure spending gap to fix crumbling roads and highways.
XPO Logistics Inc. sold its truckload shipping business to TransForce Inc. for $558 million and plans to use the proceeds to pay down cash built up from its own $3 billion acquisition of Con-way Inc. last year.