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Daimler Truck Q1 Net Income Tumbles, Revenue Climbs
Daimler Truck reported net income tumbled 81% and revenue increased 17% in the first quarter as it faced persistent supply chain bottlenecks and passed along rising costs amid increased demand.... Read more
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Senate Confirms Senior USDOT Officials
Nominees to fill senior roles at the U.S. Department of Transportation recently were confirmed by the Senate. John Putnam was approved to serve as general counsel, and Vicky Wassmer was approved as chief financial officer.... Read more
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Maker of Smaller, Lighter Electric Motors Attracts Investors
Infinitum Electric, an electric motor maker based in Texas, has attracted $80 million in investment from several major energy-focused firms, enabling it to boost production.... Read more
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Acting FMCSA Chief Robin Hutcheson Says Truck Parking a Top Issue
SCOTTSDALE, Ariz. — The acting head of the Federal Motor Carrier Safety Administration said her agency and trucking are in alignment on top issues confronting the industry, and pledged to work collaboratively with fleets to address them.... Read more
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Nearly 43,000 Deaths on US Roads in 2021, NHTSA Says
DETROIT — Nearly 43,000 people were killed on U.S. roads last year, the highest number in 16 years as Americans returned to the highways after the pandemic forced many to stay at home.... Read more
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Ford-Backed Argo Goes Driverless in Miami, Austin
Argo AI, the driverless startup backed by Ford Motor Co. and Volkswagen AG, has started testing self-driving vehicles in Miami and Austin, Texas, without a human behind the wheel.... Read more
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Gas Tops $4 a Gallon in Every State for the First Time
Gasoline pump prices have risen above $4 a gallon in all states in the U.S. for the first time ever as the last holdouts — Kansas, Oklahoma and Georgia — saw prices rise overnight, according to auto club AAA.... Read more
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Ryder Expands Last-Mile Delivery Network With Boise Hub
Ryder System Inc. opened a facility in Caldwell, Idaho, as part of a strategic expansion of its last-mile network, the company announced May 17.... Read more
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Secretary Walsh Touts Truck Drivers Amid Automation Advances
Truck drivers will continue to provide key contributions to the freight industry as automation is steadily adopted throughout the transportation landscape, Secretary of Labor Marty Walsh said recently.... Read more
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Cities Find Easier Access to Infrastructure Funds
While local communities have more access to federal infrastructure funds to improve transportation, rising project costs are creating difficulties.... Read more
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Hydrogen Likely to Be Next Fuel for Trucking
LONG BEACH, Calif. — Hydrogen fuel cells are being adopted in transit fleets, and trucking is poised to be the second mover with the fuel — and ultimately see a price at production comparable to diesel, experts said at ACT Expo.... Read more
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Home Depot Overcomes Slow Start to Year, Rising Home Prices
Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.... Read more
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Walmart Profit Drags as Inflation Takes a Bite
NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.... Read more
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Retail Sales Show Consumers Standing Firm in Face of Inflation
U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.... Read more
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Alabama Trucking Association Creates TV Ad Backing Governor’s Re-Election
The Alabama Trucking Association aims to elevate the industry’s visibility in the state’s current election cycle with an ad campaign backing incumbent Gov. Kay Ivey, a candidate the group said has been a key supporter of trucking.... Read more
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Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans
Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon.com Inc.... Read more
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Region Results Mixed, Leading to 1¢ Diesel Drop Nationwide
The national average price of diesel dipped after a two-week surge, dropping 1 cent to $5.613 a gallon, the Energy Information Administration reported May 16.... Read more
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ATRI Unveils Top Five Research Areas for 2022
SCOTTSDALE, Ariz. — The American Transportation Research Institute unveiled its top five research areas for 2022 at American Trucking Associations’ annual Mid-Year Management Conference May 16.... Read more
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Icebreaker Shortage Freezes Up Supply Chain on Great Lakes
CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.... Read more
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Gary McCartney Named CFO for Mack Trucks, VTNA
Gary McCartney was named chief financial officer for Volvo Trucks North America and Mack Trucks, Volvo Group announced May 16.... Read more
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Early Adopters Urge Carriers Not to Delay on Electric Trucks
LONG BEACH, Calif. — Companies considering transitioning to electric trucking need to start now rather than continuously research the process or wait for a wider selection of vehicles from truck builders.... Read more
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SEA Electric to Begin Durability Testing of Class 6 Chassis
SEA Electric announced durability testing for its Class 6 SV6 E stripped chassis package is scheduled to begin in the third quarter, and volume assembly to begin in first quarter of 2023.... Read more
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Xos, Allison to Partner on Classes 7-8 Electric Vehicles
Xos Inc., a manufacturer and services provider of Classes 5-8 battery-electric vehicles, powertrains, charging infrastructure and fleet management software, announced a strategic partnership with Allison Transmission Inc. to jointly develop heavy-duty Classes 7-8 commercial electric vehicles.... Read more
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Hexagon Composites Acquires Stake in Cryogenic Tanks Company
Hexagon Composites, a designer and manufacturer of clean fuel solutions for commercial vehicles, announced it signed an agreement to acquire a 40% stake in Cryoshelter, an Austria-based company specializing in the development of cryogenic tank technology for liquid renewable natural gas and liquid hydrogen.... Read more
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DOT Unveils Safety Grants Availability; House Considers Gas Price Bill
As the House readies consideration of fuel-centric legislation this week, senior transportation officials announced funding availability for a new safety initiative. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.... Read more