Convoy Inc., a trucking startup based in Seattle and backed by investors like Jeff Bezos and Bill Gates, is set to reduce its workforce by hundreds of employees in the upcoming days. This strategic move is part of their plan to attract potential buyers. The company, previously hailed as the “Uber for trucking,” has already […]
Startup Convoy: A Halt in Orders Leads to Job Cuts Read More »
In September, there was a 7.7% increase in the sales of medium-duty trucks in the retail sector compared to the same period last year, as reported by Wards Intelligence. The overall retail sales of trucks falling within Classes 4-7 reached 20,216 units, marking the sixth consecutive month of year-over-year growth and the seventh for the
Medium-Duty Truck Sales Surge by 7.7% in September Read More »
Sweden’s Volvo Group disclosed that it experienced a modest increase in deliveries but a decrease in truck orders during the third quarter. This shift in performance is attributed to the company’s proactive measures in anticipation of a decelerating market in 2024. Volvo is leading the way among the four major original equipment manufacturers (OEMs) in
Volvo Group Reports Robust Q3 Results Amidst Impending Economic Slowdown Read More »
The U.S. trucking sector has faced a challenging year, and this is evident in the findings of a significant yearly survey regarding key worries. In the “Critical Issues In the Trucking Industry – 2023” survey, conducted by the American Transportation Research Institute and revealed during the American Trucking Associations’ Management Conference and Exhibition in Austin,
Pay, Parking, and Economic Concerns: The Top Challenges for Drivers Read More »
According to the most recent government data, there is a significant increase expected in the issuance of orders that prohibit new carriers from operating in 2023. This increase in out-of-service (OOS) orders for new carriers has been in sync with the remarkable rise in the number of new carriers authorized to operate since 2020. The
Record-Breaking Surge in Trucker Out-of-Service Orders Read More »
The latest data from the Energy Information Administration, as of October 16, indicates that the average cost of diesel fuel across the nation has decreased by 5.4 cents per gallon in the last week, reaching $4.444 per gallon. Diesel prices had been on a consistent upward trend since September 18, but they have now fallen
Diesel Prices Drop to $4.444 a Gallon, Declining 5.4¢ Read More »
In September, Class 8 retail sales experienced their second consecutive monthly drop compared to the same period last year, as per the report from Wards Intelligence. Last month’s sales dipped by 3.2%, with 22,231 units sold, in contrast to 22,971 units in 2022. Additionally, there was a 4.8% decrease from August, when 23,342 units were
Class 8 Sales Continue to Decline: Second Consecutive Monthly Fall in September Read More »
The national average cost of diesel fuel has decreased after a small increase last week, dropping by 9.5 cents to reach $4.498 per gallon, as reported by data from the Energy Information Administration on October 9. This marks the second decline in diesel prices in the past three weeks. The previous decrease was 4.7 cents
Diesel Prices Plummet 9.5¢ to Reach $4.498 per Gallon Read More »
TravelCenters of America (TA) has officially unveiled the transformation of the former Russell’s Travel Center in Glenrio, New Mexico. On October 11, TA proudly declared that this establishment has been reborn as a TA Travel Center, now conveniently situated at 1583 Frontage Road 4132, just off I-40, Exit 369. Amenities at the new store include:
Former Russell’s Travel Center Transforms into TA: Offering 175 Truck Parking Spaces Read More »
The Utah Department of Transportation (UDOT) is cautioning motorists to make advance plans due to an expected surge of visitors coming to the state for an upcoming eclipse event over the weekend. This Saturday, on October 14th, there is a solar eclipse known as an annular eclipse, which will lead to a partial blocking of
