Business

Building on a surge of replacement demand that began last year, trailer manufacturers received orders for 21,990 new units in February — a 105% year-over-year increase.

Outsourcing of transportation services by smaller shippers is fueling revenue growth for brokerage firms and forwarders, while increasing the clout of many third-party logistics firms, industry observers said.

Fleets’ driver retention and recruitment moves are accelerating as pay increases proliferate and drivers begin to chase better-paying jobs, industry officials said.

Barbara Windsor, chairman of American Trucking Associations, told a congressional panel that the next surface transportation reauthorization measure should feature more effective highway-focused programs.

U.S. retail diesel prices resumed their upward march last week, as the national average increased 2.5 cents to a 30-month high of $3.932 per gallon, leading fleets to take wide-ranging steps to address their mounting costs.

U.S. traffic deaths fell 3% last year to the lowest level on record, even as vehicle miles traveled rose, the National Highway Traffic Safety Administration reported Friday.

The U.S. unemployment rate fell to a two-year low rate of 8.8% in March as the economy added about 216,000 jobs, the Labor Department said Friday.

Construction spending fell for a third straight month in February, the Commerce Department said Friday.

Ryder System has ordered 202 heavy-duty natural gas trucks, which it will deploy to southern California later this year.