November spot rates for vans rose to a three-year high in November and refrigerated truck rates hit highest level since 2014, indicating a healthy trucking industry.
Cash rebates and other incentives help the clean truck industry survive, and a new round, one of the biggest ever, is about to be divvied up in California.
Orders for new trucks in the heaviest Class 8 weight segment dropped in November, but continue to significantly outperform last year’s sales.
Higher wages for truckers are expected from a driver shortage, but experts say carriers could be stuck footing the bill, unable to pass along the costs to price-sensitive consumers and businesses.
Autonomous truck tech startup TuSimple has raised $55 million in funding. It plans to use the money to deploy its technology in the U.S. and China.
The amount of freight hauled by the trucking industry in October rose 9.9 percent year-over-year, the largest increase since December 2013.
October freight volume, rates and trailer orders point to a trucking industry upswing, according to ACT Research.
Nokia General Partners, the VC arm of the telecom giant, has made transportation one of its key investment areas.
Orders for new trucks in the heaviest Class 8 weight segment continue to outperform last year’s sales, increasing month-to-month and year-to-date.
Navistar CEO Troy Clarke and VW truck boss Andreas Renschler are moving quickly on joint development of new engines, electric trucks and using combined purchasing might to trim expenses.