Self-employed truckers often work longer and make more money than company drivers who are paid by the mile or per hour, digital freight broker Convoy study finds.
Orders for new heavy-duty trucks plunged 66 percent during the first half of this year compared to last year. It is the weakest 6-month start to a year since 2010.
Americans keep snapping up pickup trucks but General Motors is struggling to keep up with the boom.
Cars and trucks are built far better than in prior generations and people are keeping them longer, nearly 12 years. That’s the finding of a massive IHS Markit study of vehicle registrations to learn the age of light vehicles people are driving.
The Uber Freight app has collected 145,000 reviews of shipping facilities to let truckers know how long they’ll wait to pick up and drop off loads.
Federal judge gives preapproval of $135 million class action settlement covering more than 4,600 owners of 2011-2014 Navistar trucks with faulty MaxxForce engines.
The rising price of Workhorse Group stock, helped by GM’s positive statements, has allowed the company to raise $25 million to meet production targets on electric-powered step vans.
Electrification gets the buzz, but Isuzu and Cummins are partnering to jointly develop less-polluting diesel engines as greenhouse gas rules get tougher.
A backlog of trucks waiting to be built, a slowing economy and tepid freight growth send May orders plummeting to a three-year low.
Threatened tariffs on Mexican imports coupled with higher taxes on Chinese goods could grind on trucking industry already seeing signs of slowing.