Business, Logistics

FedEx Profits Rise 65%

FedEx Truck Vincent Desjardins/Flickr

FedEx Corp. reported profits grew year-over-year, increasing 65% over the last 12 months and easily beating the Bloomberg News consensus forecast on both an annual and quarterly basis.

Ari Ashe | Staff Reporter
June 20, 2017
Government, Business, Logistics

Illinois County Hires Former State DOT Secretary to Push Freight Plan

Former Illinois Department of Transportation Secretary Ann Schneider was unanimously hired by the Will County board June 16 to implement the Community Friendly Freight Mobility Plan that she helped create after amending her proposed contract.

Susan DeMar Lafferty | The Daily Southtown (Tinley Park, Ill.)
June 20, 2017
Business, Technology, Equipment, Fuel

US Xpress to Make SmartTruck Feature Standard on 2017 Trailer Builds

SmartTruck announced truckload carrier U.S. Xpress will include its fuel-saving TopKit Aero System on all its trailer builds in 2017.

Transport Topics
June 20, 2017
Business, Logistics

Truck Tonnage Rises in May

Highway Jeff Kraus/Flickr

Truck tonnage rose 4.8% year-over-year in May, according to the monthly American Trucking Associations Tonnage Index, the largest gain since November 2016, echoing sentiments from analysts and trucking executives that the freight market has tightened in recent weeks as people spend more time outdoors.

Transport Topics
June 20, 2017
Government, Business, Technology, Equipment, Safety, Autonomous

Autonomous Vehicles in Nevada Roll Forward With New Legislation

Self-Driving Truck Daimler AG

Nevada displayed its dedication to refining autonomous vehicles, with the passage of and signing of Assembly Bill 69, industry officials said.

Mick Akers | Las Vegas Sun
June 20, 2017
Business, Fuel

Oil Prices Slide, Diesel Falls 3.5¢ to $2.489 a Gallon

Diesel trucks Daniel Acker/Bloomberg News

The U.S. average retail price of diesel dropped 3.5 cents to $2.489 a gallon, while the stubborn glut of crude caused oil prices to tumble to about $43 a barrel — a range last seen in early August — and into a bear market, experts said.

Staff and Wire Reports | Bloomberg News contributed to this story.
June 19, 2017
Business, Technology, Logistics

Online Sales Surge Benefits Truck Freight, Experts Say

Ken James/Bloomberg News

While it’s no secret that more and more people are shopping online, less obvious is understanding consumers’ buying habits and patterns — which has great relevance for the trucking industry.

Laurie Wiegler | Staff Reporter
June 19, 2017
Business, Equipment

May Truck Sales Fall 6%

truck sales

U.S. retail sales of Class 8 trucks fell 6.1% in May, but still topped 16,000 units for the highest volume of 2017 as sales started to align with the improvement that orders and production have shown this year, experts said.

Roger W. Gilroy | Staff Reporter
June 19, 2017

UPS to Charge More During Black Friday, Christmas Delivery Surge

UPS Delivery Charges John Sommers II for Transport Topics

UPS Inc. will place its first holiday-season surcharges on U.S. packages, as the world’s largest package-delivery company seeks to defray a surge in year-end costs.

Michael Sasso | Bloomberg News
June 19, 2017
Business, Technology

International Makes Bendix Air Disc Brakes Standard on LT Series

International truck Mark Elias/Bloomberg News

International Truck announced its International LT Series in 6x4, 6x2, and 4x2 configurations now feature Bendix ADB22X air disc brakes as a standard offering on all axles.

Transport Topics
June 19, 2017