News
FedEx expands its final-mile delivery network
FedEx Freight, the less-than-truckload (LTL) unit of FedEx Corp. (NYSE:FDX) has expanded its final-mile delivery operation, “FedEx Freight Direct,” to 19 U.S. markets.- According to the article in freightwaves.com and its author Mark Solomon The unit, which earlier in 2019 said it would pilot final-mile deliveries earlier in five U.S. cities, will expand its coverage […]
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Heartland Express acquires Millis Transfer for $150 million
“Heartland Express announced it has acquired family-owned Millis Transfer and related companies for approximately $150 million, including debt. Including the payoff of all assumed debt, which is expected by December 31, 2019, the transaction was all cash except for approximately $750,000 in Heartland stock.”- According to the article in freightwaves.com and its author Brian Straight […]
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At least one person has died in a fiery crash involving five trucks in Louisiana
At least one person has died, and 5 others injured in a fiery crash involving five tractor-trailers and at least one passenger vehicle.- According to Louisiana State Police “Troopers are currently responding to a multiple-vehicle crash with Hazmat on I-10 westbound at milepost 125 (Whiskey Bay). Both lanes of travel are currently closed and traffic […]
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FMCSA will start charging carriers $1.25 for every driver they hire
Starting Jan. 6, 2020, carriers will be required to query the database for all driver hires, as well as once a year for existing drivers.- According to the article in overdriveonline.com and Overdrive Staff Carriers will have to pay the Federal Motor Carrier Safety Administration $1.25 per query into the looming Drug and Alcohol Clearinghouse, […]
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FMCSA proposes decrease in 2020 UCR fees
The Federal Motor Carrier Safety Administration is proposing a decrease in Unified Carrier Registration fees for trucking companies, brokers and freight forwarders in 2020 and beyond.- According to the article in overdriveonline.com and its author Matt Cole In a notice of proposed rulemaking set to be published in the Federal Register Tuesday, Aug. 27, FMCSA […]
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Daimler delivers first two electric eCascadias trucks to Penske
“Fourteen months after announcing its intent to develop a Class 8 electric truck, Daimler Truck North America officially delivered the first two Freightliner eCascadia models to representatives from Penske Truck Leasing and NFI at a ceremony in Yountville, Calif.” – According to the article in ccjdigital.com and its author Jeff Crissey. It looks like electric […]
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Is the Freight Recession over?
Chart of the Week: Outbound Tender Volume Index — USA (SONAR: OTVI.USA) After approximately nine months of flat or contracting volumes and rates, the freight market has started to change course. The national Outbound Tender Volume Index (OTVI) just had its longest stretch of positive growth this year at 31 days of year-over-year growth. During this stretch, […]
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Bernie Sanders wants to spend $216 billion to replace all diesel trucks with electric trucks
Bernie Sanders wants to spend $216 billion to replace all long-haul diesel trucks with fast-charging electric trucks if he is elected president in 2020.- According to the article in the freightwaves.com and its author John Gallagher “Because this nation depends heavily on goods that are shipped all over the country by truckers, we must ensure […]
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Owner-operator Taylor Barker wins 2019 Trucker Talent Search
“Taylor Barker, a tank-hauling owner-operator out of Kingsport, Tennessee, won the 2019 Overdrive-Red Eye Radio’s Trucker Talent Search contest after a live finale held Friday, Aug. 23 at the Great American Trucking Show in Dallas.” -According to the article in overdriveonline.com and its author James Jaillet From left: Jason Henley, Taylor Barker and Ken Freeman. […]
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