Category: News

Waabi Raises $200M USD to Launch Fully Driverless Trucks in 2025

Waabi Raises $200M USD to Launch Fully Driverless Trucks in 2025

| June 18, 2024

Breakthrough generative AI technology enables unprecedented pace of development and capital efficiency in self-driving   Waabi, a company pioneering generative AI for the physical world, has raised $200 million (USD) in an oversubscribed Series B round, led by Uber and Khosla Ventures. The funding round includes participation from best-in-class strategic investors NVIDIA, Volvo Group Venture Capital, […]

Read More

DAT: Truckload spot rates gained in May on robust van and reefer volumes

DAT: Truckload spot rates gained in May on robust van and reefer volumes

| June 18, 2024

“Stronger van and reefer volumes are consistent with May, when shippers move seasonal produce and retail goods and truckload capacity tightens due to the Roadcheck inspection event and Memorial Day holiday” Spot truckload rates bounced higher in May as shippers sought capacity to move higher volumes of van and refrigerated freight, said DAT Freight & […]

Read More

ATRI Research Identifies Strategies for Mitigating Women Truck Driver Challenges

ATRI Research Identifies Strategies for Mitigating Women Truck Driver Challenges

| June 18, 2024

Challenges identified in ATRI’s research were industry image and perception, training school completion, truck parking shortages and restroom access, and gender harassment and discrimination The American Transportation Research Institute (ATRI) released new research identifying approaches to increase the number of women truck drivers entering and staying in the industry. After quantifying six key challenge areas […]

Read More

ATA Truck Tonnage Index Jumped 3.6% in May

ATA Truck Tonnage Index Jumped 3.6% in May

| June 18, 2024

Index Rose 1.5% from May 2023 American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 3.6% in May after decreasing 1% in April. In May, the index equaled 115.9 (2015=100) compared with 111.9 in April. “May was the first month since February 2023 that tonnage increased both sequentially and from a year earlier,” said ATA Chief Economist Bob […]

Read More

Penske Relaunches Truck Rental Website for Business Customers

Penske Relaunches Truck Rental Website for Business Customers

| June 17, 2024

The new, interactive map displays pricing at each location, simplifying the process of finding the best rental options Penske Truck Rental relaunched its newly revamped website at PenskeTruckRental.com for commercial truck rental customers. The redesigned reservation flow introduces a modern, intuitive design to enhance and speed up the customer experience, ensuring a seamless and efficient process for business […]

Read More

FMCSA issues final rule regarding CDL standards

FMCSA issues final rule regarding CDL standards

| June 17, 2024

FMCSRs to incorporate by reference the latest version of the American Association of Motor Vehicle Administrators, Inc.’s The safety of commercial motor vehicle (CMV) operators is a critical component of FMCSA’s mission. Today, the Agency published a Final Rule titled Commercial Driver’s License (CDL) Standards; Incorporation by Reference of a New State Procedures Manual (SPM). […]

Read More