Chart of the Week: ACT Research Equipment Orders – Class 8 SONAR: ORDERS.CL8 Class 8 truck orders remained unseasonably strong through the first few months of 2024, outperforming last February by over 20%, according to ACT Research. Freight-hauling semi trucks typically dominate this category and have been a good indicator of industry health, but like many…
One of Canada’s biggest trucking carriers has filed for bankruptcy protection after lender Mitsubishi HC Capital America filed a lawsuit seeking $100 million. Pride Group filed Thursday for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada, which gives the company a stay of proceedings for at least 10 days. “We have taken…
A jury in Weld County, Colorado, has found a Colorado truck driver guilty of five counts of vehicular homicide stemming from a 2022 crash that killed a Wyoming family of five that was traveling home from a birthday celebration. The jury also found Jesus Puebla, 27, of Denver, guilty Wednesday of careless driving, reckless driving,…
Supply chain solutions provider Blue Yonder announced Friday it has signed an agreement to acquire One Network Enterprises and its AI platforms that provide end-to-end supply chain visibility, planning tools, order fulfillment and payment solutions to manage supplier and carrier resources. The deal comes in at approximately $839 million and is contingent on the fulfillment…
Tuesday’s bridge collapse in Baltimore wasn’t the first time a bridge crumbled after being struck by a ship or boat. The Francis Scott Key Bridge collapsed into the Patapsco River early Tuesday morning when cargo ship Dali slammed into it after experiencing power issues. Two people are confirmed dead and four are presumed dead. The…