Business

Volkswagen to buy big stake in Navistar International

Navistar International Tuesday announced Volkswagen will be acquiring a roughly 17 percent stake in the company, opening the door to North America for the world's largest automobile and truck maker and setting up a strategic powertrain alliance between the two companies.

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Driver shortage alarm, redux: ‘Turnover is the real problem’

And for too long, the situation for many drivers has been one in which "the rewards don't match the requirements of the job," said ATBS' Richard DeForest at GATS. That won't change until freight rates are able to support a better annual income for the most important part of the supply chain -- the driver.

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Reefer rates climbed in August, flatbed and van rates fell

Per-mile rates on the spot market mostly continued to tumble in August, according to monthly rate data from Truckstop.com. Reefer rates were the lone bright spot in the month’s rates report, climbing 4 cents a mile. Dry van and flatbed rates both posted declines.

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Trucking employment grew for second straight month in August

August is just the third month of the year in which trucking employment has grown. July’s gains were the first since January.

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Group questions DOT on hazmat regs pertaining to Calif. meal, rest breaks

The National Tank Truck Carriers says California's meal and rest break requirements weren't made with hazmat haulers or federal hours-of-service regulations in mind.

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Truck speeds set to be governed: More insights into proposed DOT rule

More on the DOT's proposal to mandate speed governors on heavy-duty trucks: The speeds operators can expect to be limited to and the equipment that may fall under the mandate.

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Spot market update: Local demand indicators for three major segments in the last week

A somewhat lackluster week on the spot market saw van and reefer volume increase slightly, but rates were more or less unchanged as a national average. Flatbed volume and rates considered broadly continued to drift down, but Savannah-Charlotte was a hot round trip.

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Slow freight causes driver turnover rate to tumble at large fleets

The annualized driver turnover rate at large truckload fleets fell to its lowest point since early 2011 in the second quarter of this year, according to the American Trucking Associations.

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FreightWatch, CargoNet issue Labor Day cargo theft warnings

According to FreightWatch, 89 percent of cargo thefts that took place on Labor Day weekend in 2015 happened in California, Texas, Florida and Georgia. CargoNet lists the same four states and adds New Jersey as the most-targeted states during recent Labor Day weekends.

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Diesel prices jump 3.9 cents in most recent week

Prices increased in all regions across the country with the most significant coming in the West Coast less California region, where prices jumped 5.7 cents.

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