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, […]
“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 & […]
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 […]
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 […]
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 […]
ACT Research reports near-record inventories, production of Class 8 vehicles came in well ahead of expectations Except for Class 8, trailer and Classes 4-7 forecasts were largely unchanged, as published in the latest release of the North American Commercial Vehicle OUTLOOK. “Not only did April build not slow in the face of tough freight fundamentals, […]
