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Category: Featured

Spot Truckload Rates Decline from Record Highs

Spot Truckload Rates Decline from Record Highs

| July 18, 2018

Spot truckload freight rates stepped down from their record highs during the week ending July 14, potentially marking the start of a seasonal transition to less intense demand by shippers. The national average spot van rate on the DAT network of load boards fell 7 cents to $2.38/mile while the refrigerated rate dropped 7 cents […]

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First Flying Car Slated for 2019 Production 

First Flying Car Slated for 2019 Production 

| July 18, 2018

Terrafugia, Inc. announced new features in the Transition® production vehicle, a two-seat auto and aircraft, including updates to the interior, safety systems, motor, and flight instrumentation. The first production vehicles are scheduled to come to market in 2019. The Transition® improvements will include: Hybrid-Electric Motor – The Transition® will now drive in hybrid mode, using a combination of an internal combustion […]

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Survey Finds 3 in 10 Fleets Still Not ELD Compliant

Survey Finds 3 in 10 Fleets Still Not ELD Compliant

| July 17, 2018

MiX Telematics (NYSE: MIXT), a leading provider of fleet and mobile asset management solutions, announced that according to a new survey conducted among fleet executives and managers, 30% of fleets are still not ELD compliant. Key findings: Across all respondents, reducing risky driving was identified as the top concern for fleet professionals for 2018, followed by optimizing fleet operating […]

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WABCO Signs Power Steering Export Deal in India to Supply Tata Motors

WABCO Signs Power Steering Export Deal in India to Supply Tata Motors

| July 16, 2018

WABCO Holdings Inc. , a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, announced its first major steering system deal in India following its September 2017 acquisition of U.S.-based R.H. Sheppard, a key supplier of industry-leading steering technologies for commercial vehicles. Demonstrating WABCO’s strong commitment to expand and […]

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Valvoline Acquires Great Canadian Oil Change

Valvoline Acquires Great Canadian Oil Change

| July 16, 2018

Valvoline Inc., a leading worldwide supplier of premium branded lubricants and automotive services, has completed the previously announced acquisition of the business assets of Great Canadian Oil Change Franchising Ltd., the third-largest quick-lube system in Canada. The acquisition expands Valvoline’s existing quick-lube network to more than 1,200 company-owned and franchised locations in North America. “Growing […]

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Record Demand Boosts June Spot Truckload Rates to New Highs

Record Demand Boosts June Spot Truckload Rates to New Highs

| July 15, 2018

Demand for truckload shipments faced off against capacity shortfalls, boosting truckload rates to new heights on the spot market in June, according to DAT Solutions, which operates North America’s largest load board marketplace. Rates for spot market transactions matched longer-term contract rates for dry van equipment, while spot refrigerated (“reefer”) and flatbed rates exceeded contract […]

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