Get updates on industry news below, courtesy of Transport Topics.
- Covenant, Werner Report Strong Third-Quarter Earnings
Three publicly traded carriers reported results on Oct. 19 with two reporting profits better than 2016 and one with a decline in the third quarter.
- Editorial: NAFTA: There’s No Going Back
One thing was clear after the latest round of talks aimed at renegotiating terms of the North American Free Trade Agreement ended in Washington, D.C., last week. We aren’t very close to a new deal on NAFTA.
- Drug Testing Failure Rate for ‘Safety-Sensitive’ Workers Soars
The percentage of U.S. workers in “safety-sensitive” jobs — a category that includes truck drivers — who flunked their federally-mandated drug tests increased at an “alarming” rate from 2015 to 2016, according to an analysis of drug testing data collected by the nation’s largest lab. Overall, the percentage of safety-sensitive workers who failed crept up year-over-year, the report said.
- As NAFTA Talks Stall, Trade Concerns Grow
Talks aimed at renegotiating terms of the North American Free Trade Agreement appear to be stalled over demands from the United States that would, among other things, require a higher percentage of car parts to be sourced in the U.S.
- Broad-Based Demand Powers Class 8 Sales
U.S. retail sales of Class 8 trucks in September hit their highest level in 16 months, climbing over 17,000 units as a broad cross-section of buyers sought trucks, experts said.
- Ray Martinez Receives Key Senate Backing for Top FMCSA Post
Ray Martinez, nominated for the top post at the Federal Motor Carrier Safety Administration, received a strong endorsement from Sen. John Thune, a key policymaker for the trucking industry.
- Daimler Takes Steps to Separate Car, Truck Units
Daimler AG announced it is taking steps to separate its Daimler Trucks & Bus and Mercedes-Benz Cars & Vans divisions into two legally independent and more entrepreneurial entities still under the “roof and the lead” of Daimler.
- Omnitracs, Samsung Offer Integrated ELD Ahead of Mandate
- Dallas Fed: Harvey’s Economic Damage Temporary; Recovery Boosts Demand
It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.
- FMCSA Grants UPS Several ELD Exemptions
The Federal Motor Carrier Safety Administration will grant UPS Inc. temporary exemption from parts of the upcoming electronic logging device mandate, according to a document scheduled for publication in the Federal Register on Oct. 20.
- Alphabet Unit Leads $1 Billion Investment in Lyft
Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said.
- Navistar-GM Partnership Spurs Michigan Trucking Firm to Expand to Ohio, Hire 100
The Navistar-GM partnership in Springfield, Ohio has lead a Michigan trucking company to open a new terminal in Springfield, a move that could lead to a $5.2 million investment and more than 100 jobs over three years.
- California GOP Rallies Around Measure to Repeal New State Gas Tax
Organizers of a campaign to qualify a ballot measure that would repeal the state’s gas tax and new vehicle fees unveiled their growing coalition Oct. 18 at the state Republican Party headquarters, where GOP gubernatorial candidate John Cox said he will make a “substantial” donation to the effort.
- Economic Expectations Sour in October; Weekly Comfort Rises
Americans grew more pessimistic this month about the direction of the economy, though a measure of consumer sentiment rose in the most recent week, Bloomberg Consumer Comfort Index figures showed Oct. 19.
- Fewest Jobless Claims Since 1973 Show Firm Job Market
Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Oct. 19.
- Updates on Tax Reform, Autonomous Vehicles, Driver Shortage to Highlight MCE
Technology, tax reform and new initiatives to resolve the trucking industry’s persistent labor shortage will be front and center later this month at American Trucking Associations’ Management Conference & Exhibition.
- Freight Firms Report Progress in Puerto Rico
The distribution of essential supplies and recovery kits is occurring in higher volumes, helping to improve conditions in Puerto Rico, according to two freight firms with operations in the U.S. territory.
- How Trump Getting His Way on NAFTA Would Reshape the Auto Sector
Mexico, Canada and the U.S. are at loggerheads after the latest round of NAFTA negotiations, with America’s neighbors rejecting hard-line proposals by the Trump administration that risk throwing automotive trade on the continent into disarray.
- Alphabet to Pack its Digital City With Autonomous Delivery Vans
Alphabet Inc.’s autonomous vehicle technology will be a big part of its Toronto project to make urban life more Googley.
- Medium-Duty Sales Ride Classes 4-5 to Gains in September
Sales of medium-duty trucks rose 5.8% in September, led by sales of trucks in two of the lightest classes, WardsAuto.com reported.
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