Volvo Trucks North America and Mack Trucks are initiating a recall for the majority of their electric trucks produced in the last four years due to a potential problem leading to battery fires. This marks the fourth instance of recalls for these trucks since their commencement of mass production in 2022. The recent recall pertains […]
Less-than-truckload hauler Yellow Corp. has sought bankruptcy protection, signaling the conclusion of the nearly century-old trucking enterprise. In a Chapter 11 filing submitted to a Delaware court on Sunday, the company disclosed assets valued at approximately $2.15 billion and liabilities totaling $2.59 billion. The intention is to secure a debtor-in-possession (DIP) financing arrangement, which will
Less-than-truckload carrier Yellow Corp., which had been in operation for nearly a century, ceased its activities on July 30, causing significant disruptions to its customers and the wider LTL market. News of the shutdown spread naturally as rumors of layoffs and service cancellations circulated. However, the company did not make any official statements beyond an
Yellow Closure Causes Major Reshuffling in LTL Sector Read More »
The House Appropriations Committee has given its approval to a proposed law that would prevent the Federal Motor Carrier Safety Administration (FMCSA) from receiving funds to implement a plan that requires installing speed-limiting devices on heavy trucks. This decision was made during a committee meeting on July 18. The proposed budget for FMCSA in fiscal
A fascinating new video showcases how PepsiCo incorporates their all-electric Tesla Semis alongside diesel trucks in their daily operations at their facility in Sacramento, California. The video delves into the ways the beverage company optimizes the usage of their 21 Tesla Semis. The majority of these Tesla Semis are active for approximately 12 hours each
The truck transportation industry in the U.S. experienced two consecutive months of job declines in June and July, something that hadn’t happened since the start of the pandemic. These declines were significant as they happened only six times in total, with three of them occurring in the past six months, and two of them were
According to the most recent U.S. Bank Freight Payment Index, the volume of freight transported by trucks and the amount spent on shipping in the second quarter of 2023 experienced a significant decline, reaching levels not seen since the initial stages of the pandemic. Shippers’ expenses decreased by 10.9% compared to the same period in
Significant Decline: Freight Volume and Spending Plummeted in Second Quarter Read More »
Schneider National, Inc. made an announcement on Tuesday that it has successfully acquired M&M Transport Services, LLC, which is situated in West Bridgewater, Massachusetts. M&M Transport is a specialized contract carrier that primarily focuses on offering tailored solutions for retail and manufacturing industries. Among its most prominent clients are several Fortune 500 companies. Operating across
Schneider’s Expansion: Acquiring Massachusetts Dedicated Carrier M&M Transport Read More »
The cost of diesel has surged significantly in the past two weeks, demonstrating that the previous week’s price increase was not a mere coincidence. According to the Energy Information Administration’s data released on July 31, the national average diesel price has climbed by a substantial 22.2 cents, reaching a new height of $4.127 per gallon.
Diesel Prices Hit New Highs: $4 per Gallon Amid 22.2¢ Surge Read More »
Tesla Inc. is requesting around $100 million from the U.S. government to establish nine charging stations for electric semi-trucks. These stations are planned to be built along a route that stretches from the southern border of Texas to northern California, as revealed in emails obtained by Bloomberg News. In their correspondence with the Texas Department
