Small trucking companies commonly turn to freight factors to quickly receive money, but merchant cash advance lenders and other small business lenders are courting these carriers, too, while repairing their negative reputation.
The gap between contract rates and spot market rates in the truckload industry tightened in April, according to the latest Chainalytics-Cowen Freight Indices.
FORT WAYNE, Ind. — Ideas for how trailer designs could evolve to address growth in final-mile deliveries compelled by e-commerce were a topic of discussion at Strick Group’s 2017 Trailer Symposium and Open House here.
Roger W. Gilroy/TT
Navistar International Corp. lost $80 million, or 86 cents a share, during the fiscal second quarter as the manufacturer set aside $60 million for its reserve fund to deal with used trucks with troubled engines that are largely exported.
Navistar International Corp.
U.S. diesel and gasoline prices each made modest moves during the week ended June 5 but in different directions. Diesel slipped 0.7 cent a gallon and gas rose 0.8 cent, while crude oil dropped toward this year’s low point below $46 a barrel.
Used-truck sales in April inched up year-over-year, compared with the 2016 period, amid a heavy-duty market that saw auction prices hit bottom and replacement demand climb, analysts said.
Trucking companies continue to struggle with a tight, expensive insurance market — paying more for vehicle liability coverage or making due with less of it — while the underwriters that remain in trucking face narrowing or vanishing profits, suggesting the years-old problem will not be leaving anytime soon.
Federal Highway Administration Partners With Inrix to Measure, Monitor, Report Health of Road Networks
Traffic data from Inrix Inc., a Kirkland, Wash.-based global provider of car services and transportation analytics, will soon be helping to shape the federal government’s thought process on highway and driver issues.
Amazon will create 1,500 full-time jobs when it opens its fulfillment center next summer in Troutdale, the online retailer confirmed June 7.
David Paul Morris/Bloomberg News
A second major shipping hub has landed along Interstate 20 in Arlington, Texas.
Americans’ confidence hovering near a decade high bodes well for sustained expansion in the U.S. economy, Bloomberg Consumer Comfort Index figures showed June 8.
Luke Sharrett/Bloomberg News
Louisiana Transportation Revamp Wins Final Legislative Approval, but Critics Say it Ensures Political Projects
Despite charges that it will spawn politically driven road and bridge projects, the Louisiana House gave final approval to a bill aimed at improving voter confidence in transportation spending.
Americans no longer can live with crumbling locks, dams, roads and bridges, President Donald Trump said June 8, and he outlined a plan to leverage $1 trillion in investment in U.S. infrastructure.
Olivier Douliery/Abaca Press/TNS
The U.S. labor market remains a bright spot in the economy as fewer Americans filed for unemployment benefits last week, with hiring managers decrying a scarcity of available workers, Labor Department data showed June 8.
WEST POINT, Ga. — Just past the Alabama border, in a bit of rural Georgia filled with manufacturing plants and distribution warehouses, there's an 18-mile stretch of Interstate 85 where new technologies are being tested for what could be a green highway of the future.
Volvo Trucks developed a self-steering truck to assist Brazilian sugar-cane growers in harvesting their crops.
President Donald Trump’s proposal to sell energy facilities as a way to partially back a long-term infrastructure funding plan has been met with bipartisan opposition on Capitol Hill.
Olivier Douliery/Abaca Press/TNS
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