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Category: Featured

PACCAR Notches Strong Quarterly Revenues and Profits

PACCAR Notches Strong Quarterly Revenues and Profits

| July 25, 2017

PACCAR (Nasdaq:PCAR) has achieved strong quarterly revenues and net income in the second quarter of 2017,” said Ron Armstrong, chief executive officer. “PACCAR’s financial results reflect increasing North American truck production and market share, strong European truck markets and higher global aftermarket parts sales.” The company has 24,500 employees. Second quarter net sales and financial […]

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Will Europe will Overtake U.S. in Electric and Hybrid Cars?

Will Europe will Overtake U.S. in Electric and Hybrid Cars?

| July 25, 2017

In the race for producing and selling green vehicles a new report suggests that Europe may overtake the U.S. in terms of electric and hybrid cars. Consider this: The hybrid and electric cars market has seen strong growth globally as countries work to meet ambitious CO2 targets, rising at a compound annual growth rate (CAGR) […]

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No Hands! Lyft to Advance New Self-Driving Division

No Hands! Lyft to Advance New Self-Driving Division

| July 24, 2017

Ride-sharing juggernaut Lyft has launched a new self-driving division and reportedly will develop its own autonomous ride-hailing technology. The company expects to expands hiring for the new division and press reports note that it has signed a lease for 50,000-square-feet on the first floor of a Palo Alto facility. There, it intends to build several […]

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Call for Entries in National Faces of Transportation Photo and Video Contest

Call for Entries in National Faces of Transportation Photo and Video Contest

| July 24, 2017

The American Association of State Highway and Transportation Officials (AASHTO) is accepting entries for the 12th annual competition in the national Faces of Transportation photography and video contest. “We hope this contest will give people a reason to stop and pay attention to the many ways transportation touches their lives,” said Lloyd Brown, AASHTO director […]

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J.B. Hunt Acquires Special Logistics Dedicated

J.B. Hunt Acquires Special Logistics Dedicated

| July 21, 2017

J.B. Hunt Transport Services, (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, has entered into an agreement to acquire Special Logistics Dedicated, LLC (SLD), and its affiliated entities, subject to customary closing conditions. “SLD’s strong customer base and strategically placed fulfillment centers position us as a top national pool distribution […]

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ATA Forecasts Continued Growth for Trucking and Freight

ATA Forecasts Continued Growth for Trucking and Freight

| July 21, 2017

The American Trucking Associations (ATA) projects freight volumes to grow 2.8% in 2017, and then follow that up with 3.4% annual growth through 2023. After that, ATA projects a more modest growth rate of 2.3%. In 2017, ATA projects that 15.18 billion tons of freight will be moved by all modes – a figure that […]

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