Breaking News
Biden Taps Meera Joshi to Lead FMCSA
President Joe Biden announced April 14 that he intends to nominate Meera Joshi to serve as administrator of the Federal Motor Carrier Safety Administration.
March US Class 8 Sales Jump 33.7%
U.S. Class 8 retail sales in March jumped 33.7% to 22,031 as all truck makers posted gains compared with a year earlier, WardsAuto.com reported.
February Tonnage Takes Winter Weather Hit
Severe winter weather took a toll on truck tonnage in February, according to American Trucking Associations.
CP Rail Agrees to Buy Kansas City Southern for $25 Billion
Canadian Pacific Railway Ltd. agreed to buy Kansas City Southern for $25 billion, seeking to create a 20,000-mile rail network linking the U.S., Mexico and Canada in the first year of those nations’ new trade alliance.
XPO Sets GXO Logistics as Name of New Spinoff Company
XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.
Congress OKs $1.9 Trillion COVID Relief Bill
WASHINGTON — The United States Congress has approved a landmark $1.9 trillion COVID-19 relief bill that takes aim at twin pandemic and economic crises that have upended the nation for the better part of a year. The package, which includes funding for transportation corridors, was signed into law by President Joe Biden on March 11.
February Class 8 Sales Flat at 15,369
U.S. Class 8 retail sales in February were 0.6% lower compared with a year earlier, coming in at 15,369, WardsAuto .com reported.
Top Bottlenecks Less Congested Last Year, but Infrastructure Needs Persist, ATRI Finds
Trucks moved more swiftly last year through sections of road that historically are choked with congestion, as the coronavirus pandemic kept vehicles off the road and freed up highways for easier movement of freight, the American Transportation Research Institute said.
Tonnage Dips 2.1% Year-Over-Year in January
January truck tonnage fell 2.1% compared with year-ago levels, but ticked up 1.4% over December 2020 — a continuation of several months’ worth of sequential gains, American Trucking Associations announced.
John O’Leary to Succeed Roger Nielsen as CEO of DTNA
Daimler Truck AG announced it appointed John O’Leary as the next president and CEO of Daimler Trucks North America, the leading truck maker in North America, effective April 1.
February 16, 2021