Law enforcement agencies throughout North America will engage in heightened traffic safety enforcement and educational outreach as part of the Commercial Vehicle Safety Alliance’s (CVSA) Operation Safe Driver Week, Oct. 15-21, 2017. Throughout the week, enforcement personnel will identify and issue warnings and/or citations to commercial motor vehicle (CMV) drivers and passenger-vehicle drivers exhibiting unsafe […]
Heavy-truck sales grow in U.S., Canada
Last month, U.S. heavy-truck sales grew to 36,057 units – up 7.1% – compared with 2016’s 32,357, according to WardsAuto data. In Canada, big truck sales also continued to rise – up 15.9% to 4,014 in September – for the seventh consecutive monthly year-over-year gain, according to Wards.
Buffett’s Bet on Truck Stops Looks Like a Contrarian Move
Billionaire investor Warren Buffett’s purchase of a large stake in truck stop operator Pilot Flying J and his plans to eventually take control of the business look like a contrarian bet. Hurdles such as low diesel fuel prices and a shift in shipping patterns that favors regional trucking and local delivery over long-haul freight have […]
Seven western states agree to improve electric vehicle infrastructure
Electric vehicle manufacturers just received an incentive boost after seven western states announced an agreement to build a regional electric vehicles (EV) corridor. The agreement covers more than 5,000 miles and nearly a dozen interstates. Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming recently agreed to the “REV West Plan.” The plan includes EV […]
Air cargo continues to carry the day in Asia Pacific
While transpacific oceanborne traffic was especially robust this past peak season, industry analysts were also impressed by the air cargo surge in the region. If this trend is to continue, however, the need for improved airport infrastructure is obvious.
European cargo monthly: Demand picks up as peak season approaches
European airlines saw cargo demand ramp up in September as the peak season started to get underway. The latest data from airlines based in the European region show that demand was up across the board in September compared with August. In fact, Lufthansa, IAG and Finnair all had their busiest September since Air Cargo News […]
Ocean Network Express unconvinced on mega-ships benefits
Operating mega-ships of 22,000 TEU was not the way forward and will place mounting pressure on landslide operations, believes Jeremy Nixon, the CEO of new Japanese carrier Ocean Network Express (ONE). While mega-ships may be required on some routes, Nixon told the JOC’s TPM Asia conference in Shenzhen that he remained unconvinced at the need […]
US shale oil output will grow by another 81,000 barrels a day in November, DOE forecasts
The Department of Energy is predicting another strong month of oil growth from the nation’s shale fields in November. American drillers are poised to increase output in several shale oil and gas regions by another 81,000 barrels a day next month, according to the department’s Energy Information Administration.
Dow Passes 23,000 for the First Time, Fueled by Strong Earnings
The Dow Jones Industrial Average passed another milestone, topping 23,000 for the first time, as strong earnings from UnitedHealth Group Inc. and Johnson & Johnson helped push the more than century-old gauge to a record. It’s the sixth 1,000-point milestone reached in the past 12 months and the fifth since Donald Trump was elected president […]
U.S. industrial output rises slightly as hurricanes impact lingers
U.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar.