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Market leader Daimler Truck grew sales by a scant 1% in 2023. It blamed supply chain bottlenecks for missing its higher goals. Daimler reports full-year financials on March 1 and expects to meet its revenue and profit metrics. Group sales, which include Portland, Oregon-based Daimler Truck North America, amounted to 526,053 units. That compared with…
The Wall Street Journal ran an article on April 26 detailing the load board fraud crisis and the proliferation of double brokering. As the Journal reported, leading load board provider Truckstop found reports of fraud jumped by 400% from the fourth quarter of 2021 to the fourth quarter of 2022, the highest level since the…
WASHINGTON — Truck manufacturers are pushing back hard against the Environmental Protection Agency’s proposal to drastically cut carbon emissions from heavy trucks beginning in model year 2028. While fully electric, zero-emission trucks are already on the roads, original equipment manufacturers (OEMs) maintain that the biggest impediment to the EPA’s rule seeking aggressive adoption for the…
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A dearth of Class 8 truck orders in April is more technical than meaningful. Major OEMs express optimism about delivering plenty of new equipment to ease pandemic-related pent-up demand. Preliminary North America net orders were 11,600 units, down 27% from a year ago and off 39% compared to March, according to ACT Research. FTR Transportation…
Friday marked a turn of events for Flock Freight, a provider of shared truckload solutions, as the company decided to reduce its workforce by 54 individuals. The company last reported layoffs in April of 2023. This strategic move was aimed at recalibrating the company’s trajectory towards profitability. The positions affected were primarily back office roles,…