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CEO Dieter Zetsche Warns of Deep Cost Costs as He Departs Daimler

Dieter Zetsche Daimler CEO Dieter Zetsche (Krisztian Bocsi/Bloomberg News)

Bidding farewell to the company he led for more than a decade, Daimler AG’s CEO urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval.

Christoph Rauwald | Bloomberg News
May 22, 2019
Government, Business, Safety, Fuel, Perspective

Perspective: The Time to Act on Infrastructure Is Now

It is one of the greatest networks built in the history of mankind. From the Evergreen State of Washington to the Sunshine State of Florida and from the Golden State of California to the Pine Tree State of Maine — more than 45,000 miles of interstate highways connect us from coast to coast. Whether carrying food from the farm to the table, or goods from the factory floor to store shelves, interstate highways are the lifeblood of our nation’s commerce.

Darren Hawkins | CEO, YRC Worldwide
May 22, 2019
Business, Technology, Equipment, Fuel, Top 100

Biodiesel, Mudflaps Help Improve Emissions

DPF installer A technician installs a retrofit diesel particulate filter. (TT file photo)

Although large gains have been made in cleaning up new diesel engines, nearly two-thirds of all commercial trucks don’t meet the latest emissions standards. As of 2017, some 36% of all commercial trucks (Classes 3-8) in the United States rely on the newest generation of diesel engines — a 6% increase over 2016, according to the Diesel Technology Forum, which cited the latest data.

Roger Gilroy | Staff Reporter
May 22, 2019
Business, Technology, Logistics

$2 Billion Invested In Trucking Tech Firms So Far In 2019

Trucking technology firms are raking in cash as investors look to get in on a hot industry and capitalize on a U.S. economy that remains strong.

Jim Stinson | Staff Reporter
May 21, 2019
Business, Logistics, Top 50, Top 100

XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles

Brad Jacobs An XPO Logistics truck. (XPO Logistics Inc.)

A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader.

Dan Ronan | Associate News Editor
May 21, 2019
Business, Safety

XPO Logistics’ Joseph Hicks returns to defend crown at Rhode Island Truck Driving Championships

Grand Champion John Hicks and RITA President Chris Maxwell at the 2018 Rhode Island Truck Driving Championships XPO Logistics driver Joseph Hicks, the 2018 Rhode Island Truck Driving Championships Grand Champion, poses with his trophy and Rhode Island Trucking Association President Chris Maxwell at last year's RITDC. (TT file photo)

Rhode Island may be the smallest state, but that doesn’t mean it lacks talented truck drivers.

Transport Topics
May 21, 2019
Business, Safety

Three-peat Would Be Sweet Feat for FedEx Freight’s Gragg Wilson

Gragg Wilson of FedEx Freight (left) Gragg Wilson (left) of FedEx Freight poses with Paul Enos of the Nevada Trucking Association as he is presented his Sleeper Berth award in 2018. Wilson also earned Grand Champion honors. (Eric Miller/Transport Topics)

Different class, same goal in the Nevada Truck Driving Championships. FedEx Freight driver Gragg Wilson is setting his sights on capturing a third consecutive Nevada Grand Champion crown, this time by besting the field in the Straight Truck class on June 1. Last year, he prevailed in the Sleeper Berth division en route to claiming the overall title.

Transport Topics
May 21, 2019
Business

Ford Truck Profits Hide Need for More Cuts, Morgan Stanley Says

Sean Proctor/Bloomberg News

Ford Motor Co. may need to cut more than the recently announced 7,000 salaried workers to compensate for slowing auto sales, a situation that’s not readily apparent because its F-Series pickup helped “cover industry blemishes” with $10 billion in pretax earnings last year, Morgan Stanley said.

Keith Naughton | Bloomberg News
May 21, 2019
Business, Logistics

Home Depot Results Mixed as Wet Weather, Calendar Shift Weigh on Shares

Luke Sharrett/Bloomberg News

The Home Depot Inc. failed to fully rebound from a lackluster end to last year, with the company saying a calendar adjustment added to the drag from wet weather. Tariffs also weighed on the stock, with the company saying that a recent increase in duties isn’t included in its guidance.

Matt Townsend | Bloomberg News
May 21, 2019
Business, Technology, Logistics, TCA

Approval of Amazon Air Cargo Complex in Lakeland, Fla., Gets Mixed Reception

Amazon Ted S. Warren/Bloomberg News

City commissioners are excited to sign a deal with Amazon to build an air cargo facility at Lakeland’s airport. Residents were less enthusiastic.

Sara Megan Walsh | The Lakeland. Fla., Ledger
May 21, 2019

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