Business

Swift boss Jerry Moyes retiring

Swift Transportation’s Jerry Moyes, founder and CEO of the country’s largest truckload carrier, will retire at the end of 2016, the company announced this week. Moyes founded Swift with a single truck 50 years ago. Swift’s fleet now has more than 20,000 trucks.

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Despite changing emissions regs, ‘Gliders are here to stay,’ says Fitzgerald rep

“We’re confident we’ll be able to test our products and meet the new standards,” says Fitzgerald's Stu McLaughin of the looming Phase 2 emissions standards set by the EPA and the DOT. Fitzgerald has already started research work to set its benchmark to begin working toward compliance with the new regs, he says.

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Slumping truck sales push Navistar International to $34M quarterly loss

Revenue in the quarter slid 18 percent to $2.1 billion thanks in part to soft industry conditions, primarily in the Class 8 market. Navistar’s truck segment recorded a loss of $54 million in the third quarter, compared with a year-ago third quarter loss of $36 million.

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When regulation hurts worse than paltry pay

When nearly two-thirds of truckers (for owner-operators alone, 71 percent), working ridiculously long hours for modest pay, are far more aggravated over regulations and lack of respect than they are money, something’s amiss. It’s no surprise that turnover stays high.

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TruckerLine drivers network opens for carrier recruiting

The TruckerLine portal for driver career management planned from the outset to offer a recruiting platform to carrier subscribers. After a long test, the Outset Partners developing company reports the service is now open to carriers.

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Owner-operators can now comment on DOT’s proposed speed governor mandate

FMCSA and its sister agency NHTSA are seeking feedback for 60 days on a proposed rule to require trucks to use speed governors. Potential speed limits are 60, 65 and 68 mph. Click here to find the link where owner-operators can comment on the rule.

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Owner-operator-founded RediTruck enters freight-matching program market

Launched last month at the Great American Trucking Show in Dallas was a new automated freight-matching system, RediTruck, in which shippers and brokers post loads to the portal, owner-operators and carriers post their available capacity and the system automatically matches loads to carriers.

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Diesel prices dip, ending two-week climb

The cheapest fuel can be found in the Gulf Coast region at $2.264 per gallon, followed by the Lower Atlantic region at $2.335 per gallon.

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Hours of service changes on the docket as Congress reconvenes for fall session

Congress must take action this fall to prevent the 34-hour restart from falling out of hours of service code.

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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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