Upstaging, a fleet that specializes in hauling lighting, staging and other requirements for concerts and other live events, turned to hauling relief supplies as the COVID-19 outbreak intensified.
With all the information – and misinformation – coming out concerning the COVID-19 outbreak, HDT is offering a webinar that will delve into what trucking fleets should know during this global crisis.
A sudden war in crude oil prices between Russia and Saudi Arabia could mean a drop in diesel and gasoline prices at American fuel pumps. But the longer-term implications are more worrying.
Thus far, the novel Coronavirus is mostly affecting fleet operators operating out of West Coast ports. But the remainder of the industry — and continent — is watching unfolding events carefully.
Used Class 8 truck sales improved 4% month-over-month in January, but sales were down 1% year-over-year compared to January 2019.
FTR said its Trucking Conditions Index in December was the highest since January 2019 and the first positive reading since 0.28 in July.
After closing without notice in early December, Akron, Ohio-based GDS Express has filed for bankruptcy. The company filed for Chapter 11 liquidation on Dec. 27, 2019, citing the shutdown of a revolving credit account.
The new year will be a tough one for the trucking industry, according to Steve Tam, vice president of research for ACT Research.
Due to weakened orders for heavy duty trucks in North America, Volvo has announced it will lay off 700 workers beginning in January of next year.
FTR’s Trucking Conditions Index slipped into negative territory again for September when it hit its lowest point since May, reflecting a relatively weak environment for carriers.
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