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Allison Transmission Records High Sales Amid Labor Bonus Costs

Allison Transmission Holdings, based in Indianapolis, saw a slight dip in profits for the first quarter of 2024 due to signing bonuses associated with a recent labor agreement, even though the company achieved record sales driven by robust demand for U.S. Class 8 vocational trucks. Despite a $14 million expense from the signing bonuses as part of a labor contract approved in January, the company…

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Volvo Trucks North America and Mack Trucks adopt renewable diesel for eco-friendly Class 8 tractors.

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New Volvo and Mack Trucks to Feature Renewable Diesel at Departure

New Volvo and Mack Trucks to Feature Renewable Diesel at Departure Volvo Trucks North America and Mack Trucks have announced that all new Class 8 tractors will now leave their factories with tanks filled with hydrotreated vegetable oil (HVO), a type of renewable diesel. This initiative, announced on April 24 by the Volvo Group affiliates, is part of their broader efforts to reduce carbon…

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Tesla Announces Shift to More Affordable Cars as Q1 Profits Decline by 55%

Tesla Announces Shift to More Affordable Cars as Q1 Profits Decline by 55% Tesla’s first-quarter earnings saw a significant drop, with net income falling 55% to $1.13 billion from $2.51 billion in the previous year. Despite this decrease, Tesla’s stock experienced an unexpected rise after the market closed on April 23, driven by the company’s announcement of speeding up the production of…

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Old Dominion Freight Line Reports Growth in Q1 Revenue and Earnings

CEO Credits Success to Strategic Long-Term Plan Old Dominion Freight Line announced its financial results for the first quarter of 2024 on April 24, revealing an increase in both revenue and earnings. The Thomasville, N.C.-based less-than-truckload (LTL) carrier reported a net income of $292.3 million, or $1.34 per diluted share, up from $285 million, or $1.29 per share, in the same period last…

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DTNA and UAW Reach Last-Minute Agreement

A New Four-Year Contract with a 25% Wage Increase Daimler Truck North America and the United Auto Workers union have successfully negotiated a preliminary four-year labor contract just before the existing agreement was due to expire. This new contract, affecting approximately 7,400 employees at various Freightliner and other DTNA facilities, promises a significant 25% increase in wages over its…

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Getting Quality Sleep on the Road: Tips for Truck Drivers

Getting Quality Sleep on the Road: Tips for Truck Drivers For long-haul truckers, managing sleep is not just about combating fatigue; it’s a critical safety practice. The rigors of long-distance driving demand high alertness, and poor sleep can compromise a driver’s ability to operate safely, increasing the risk of accidents that could have serious career and health implications. Here are…

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Knight-Swift Transportation Holdings Inc. Announces Robust First Quarter Results for 2024

Knight-Swift Transportation Holdings Inc. Announces Robust First Quarter Results for 2024 PHOENIX, April 24, 2024 – Knight-Swift Transportation Holdings Inc. (NYSE: KNX), a leader in North America’s freight transportation sector, today announced its financial results for the first quarter ended March 31, 2024. Detailed financial results are available on the Knight-Swift investor relations website…

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Assessing National Security Risks and Benefits of Electric Vehicle (EV) Tractor Trailers

Assessing National Security Risks and Benefits of Electric Vehicle (EV) Tractor Trailers Evaluating the national security implications of electric vehicle (EV) tractor trailers requires considering a variety of factors: Dependency on Foreign Resources: EVs, including tractor trailers, heavily rely on critical minerals such as lithium, cobalt, and nickel. These are often extracted from regions…

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DOT Grant Initiative Targets Enhancements at Commercial Ports

DOT Grant Initiative Targets Enhancements at Commercial Ports The U.S. Department of Transportation has unveiled a significant grant initiative aimed at enhancing port facilities and reducing truck emissions within supply chain corridors. Announced on April 24, the program allocates nearly $150 million to 16 targeted projects under the Federal Highway Administration’s Reduction of Truck Emissions…

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Blaze Devastates Trucking Firms in North Whitehall

Blaze Devastates Trucking Firms in North Whitehall In North Whitehall Township, Lehigh County, emergency response teams from multiple counties were deployed to address a severe fire at two trucking businesses early Monday morning. The incident, which began just after 1 a.m. at a site on Kernsville Road near Route 309, rapidly escalated, producing a significant smoke column visible to nearby…

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Nurturing Family Bonds as a Long-Haul Truck Driver

Nurturing Family Bonds as a Long-Haul Truck Driver Long-haul trucking is a profession that demands extensive periods away from home, which can strain family relationships. However, with commitment and creativity, it is possible to maintain strong bonds with loved ones despite the distance and time apart. Here are some strategies to help long-haul truck drivers stay connected with their…

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Semi-Stow Changes Name to Outpost, Raises $12.5 Million in Funding

Semi-Stow Changes Name to Outpost, Raises $12.5 Million in Funding Commercial vehicle storage and parking provider Semi-Stow has unveiled its new identity as Outpost, along with securing $12.5 million in Series A financing. This round was led by GreenPoint Partners, with contributions from Speedwagon Capital Partners. The rebranding and funding announcement comes amid a national shortage of truck…

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Trucking Industry Faces Driver Shortage as More Drivers Reject Drug Testing

Trucking Industry Faces Driver Shortage as More Drivers Reject Drug Testing A recent federal report indicates that the number of positive drug tests among commercial truck drivers declined by more than 10% in 2023 compared with 2022 according to the Federal Motor Carrier Safety Administration’s (FMCSA) Drug & Alcohol Clearinghouse. The overall decline in drug violations in 2023 is attributed to…

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California's Climate Agenda: A Controversial Shift in Transportation Policy

California’s Climate Agenda: A Controversial Shift in Transportation Policy Under the leadership of Democratic Governor Gavin Newsom, California’s state government is spearheading a comprehensive climate agenda, specifically targeting the transportation sector, despite facing significant opposition. The California Air Resources Board (CARB), the state’s primary environmental regulator, has…