Daimler Truck completed a successful first year as a stand-alone company, increasing sales and profits, and plans to pay its first shareholder dividend. The Stuttgart, Germany-based truck, bus and van maker said it achieved its financial targets for 2022, its first year after splitting off as a separately listed company. It was lumped with Mercedes-Benz,…
Missouri-based trucking company Rapid Response has been sold to its employees under an employee stock ownership plan (ESOP). Investment banking firm ButcherJoseph & Co., which advised Rapid Response on the transaction, announced the closing Friday. The 40-year-old asset-based carrier specializes in full truckload and less-than-truckload transportation as well as home delivery of appliances and furniture….
Canada needs to develop a coordinated strategy across all provinces to keep drivers safe and the supply chain moving during adverse weather conditions in winter months, the Canadian Trucking Alliance (CTA) […]
The idea of doing anything in an autonomous truck other than looking out the windshield or at a computer screen covered with boxes representing surrounding traffic was pretty much out of the question until a recent demo ride in a high-autonomy Class 8 truck from Kodiak Robotics. The screen displays what the Kodiak Driver fusion…
The job losses suffered by the truck transportation sector in February have almost no precedent in the last 10 years, except for the massive drop in April 2020 and a similar drop almost 10 years ago. Bureau of Labor Statistics data reported Friday showed the truck transportation sector saw a decline of 8,500 jobs in…