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Fastertruck News - 02/28/24 - 11:46:36pm -Peterbilt unveiled two new configurations for car carrier cabs, the Model 567 UltraLow Roof Day Cab and the Model 589 UltraLow Roof 58-inch Sleeper.
Fastertruck News - 02/28/24 - 11:46:36pm -Selling off the assets of bankrupt less-than-truckload carrier Yellow Corp. is set to take another step when the first rolling stock will be up for auction soon.
Fastertruck News - 02/28/24 - 10:37:50pm -
LITTLE ROCK, Ark. — Average U.S. diesel prices have eased a bit, according to the latest information from the Energy Information Administration (EIA).
As of Feb. 26, the price sits at $4.058 per gallon, down from $4.109 per gallon on Feb. 19, the EIA notes.
Prices declined in all areas of the nation except for the Rocky Mountain region, where the average cost rose to $3.999 per gallon on Feb. 26 from $3.957 on Feb. 19.
The lowest prices in the nation can be found along the Gulf Coast at $3.768 per gallon.
The highest prices are in California at $5.225 per gallon on average.
In New England, the price is $4.314 per gallon, down from $4.320 per gallon on Feb. 19, and along the West Coast, less California, the price sits at $4.692 per gallon, down from $4,721 per gallon on Feb. 19.
The Midwest average price is $3.961, down from $4.010 on Feb. 19.
Fastertruck News - 02/28/24 - 10:24:23pm -
This week, the Iowa 80 Group opened a large warehouse and distribution center for trucking parts and accessories.
On February 27, 2024, the Iowa 80 Group officially opened a facility with 251,000 total square feet of warehousing space in Walcott, Iowa, near the popular Iowa 80 Truckstop.
Much of that space — 117,180 square feet — will be used to store trucking accessories for the online trucking accessories outlet, Iowa80.com.
The rest of the space will be available for lease or third party fulfillment.
Iowa 80 says that the new facility features 10 loading docks, 33,371 linear feet of racking, 32’ high ceilings, and a fireproof room of 9,400 square feet. The warehouse is also fully air conditioned.
The new facility will also be used to ship products to other stores operated by the Iowa 80 Group, including Iowa 80 Truckstop, Kenly 95 Petro in Kenly, North Carolina, and Joplin 44 Petro, in Joplin, Missouri.
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Fastertruck News - 02/28/24 - 09:56:26pm -
ONTARIO, Calif. — Joint Electric Truck Scaling Initiative (JETSI) has announced that its project partner, NFI, has received all 50 Class 8 battery-electric trucks funded through the project, including 30 Freightliner eCascadia trucks and 20 Volvo VNR Electric trucks.
To support its scaled battery-electric fleet, NFI has collaborated with Electrify America and Southern California Edison to energize its electric charging depot at its warehouse facility in Ontario, California, completing a crucial milestone in the electrification of NFI’s dedicated port drayage services, a news release states.
NFI’s newly inaugurated electric truck maintenance shop at the site is also operational.
NFI’s battery-electric fleet is used to run routes from Ontario to the Ports of Los Angeles and Long Beach, performing drayage operations and delivering products to warehouses in Southern California – for customers spanning from manufacturing to retail. Its fleet of Freightliner eCascadia and Volvo VNR Electric trucks typically runs two port pickups per day, per truck, for an average of 220 miles driven between being recharged.
“NFI is committed to driving innovation and sustainability in the logistics and trucking industries,” said Brian Webb, president of port services, NFI. “Through NFI’s participation in the JETSI electrification project, battery-electric Class 8 trucks have proven to be a reliable and efficient solution for our drayage operations to deliver goods to our customers, many of which appreciate the zero-emission freight strategy we offer.”
NFI’s battery-electric fleet has collectively covered more than 2 million miles. As a result, NFI has eliminated the equivalent of 307,692 gallons of diesel fuel consumption and 3,415 metric tons of greenhouse gas emissions, according to the news release.
“Drayage trucks travel short distances between ports and regional warehouses, making them ideal candidates for zero-emissions technology, and this project in Ontario is an exemplary model for the future of freight transport,” said Liane Randolph, chair of the California Air Resources Board, one of the project’s state funders. “With 50 new zero-emissions trucks on the road and a new depot for charging infrastructure, the project is putting clean air solutions into action for a healthier California.”
According to JETSI officials, 50 additional battery-electric trucks deployed through the JETSI project will offset approximately 4,400 metric tons of greenhouse gas emissions yearly, resulting in 2.45 tons of weighted criteria pollutant emission reductions and displacing over 2,750,000 gallons of diesel throughout the five-year project.
“At Volvo Trucks North America, we applaud NFI’s pioneering efforts in integrating electric trucks into their operations. NFI’s participation in the JETSI project, utilizing Volvo VNR Electric trucks, showcases the viability and efficiency of electric Class 8 trucks in demanding applications such as port drayage. Together, we are driving positive change towards a more sustainable future,” said Peter Voorhoeve, president of Volvo Trucks North America.
In addition to NFI’s financial contribution, funding for 50 of NFI’s battery-electric trucks and its Ontario charging depot was provided through JETSI. which received $27 million in funding from CARB and the California Energy Commission. Additional funding was provided by South Coast AQMD, Mobile Source Air Pollution Reduction Review Committee, the Port of Long Beach and Southern California Edison.
The JETSI project is part of California Climate Investments, a statewide initiative aimed at reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment.
“Daimler Truck North America congratulates NFI on the successful deployment of Freightliner eCascadia trucks as part of the JETSI project. NFI’s commitment to sustainable drayage operations is commendable, and this collaboration underscores the crucial role of public funding in supporting electric truck projects. As we continue to work together, we recognize the importance of such initiatives in driving innovation and accelerating the transition to a cleaner and more efficient transportation landscape,” said David Carson, senior vice president of sales and marketing at Daimler Truck North America.
To support its expanding battery-electric truck fleet, NFI worked with Southern California Edison and Electrify America to develop its charging depot supporting refueling speeds up to 350 kW for capable trucks and will feature roughly 7 MW of DC charging capacity shared across 38 individual DC fast chargers when the facility is fully completed.
“Through our Electrify Commercial business unit, Electrify America is proud to support NFI’s electrification goals by providing the critical charging infrastructure and microgrid solution needed at NFI’s Ontario facility. The JETSI project is a milestone accomplishment that underscores the power of collaboration in developing an electric truck charging depot of this magnitude,” said Robert Barrosa, president and CEO of Electrify America. “Electrify America and NFI are aligned in our vision for a sustainable future and our combined leadership is making real impact for zero-emission trucks.”
Later this year, NFI and Electrify America plan to enhance sustainability further by coupling approximately 1 MW of solar with nearly 8 MWh of on-site battery storage, enabling NFI to not only reduce its utility load during peak time-of-use energy prices but also enable resiliency from grid outages via the deployment of microgrid functionality.
“Electrifying drayage fleets and building out the needed charging infrastructure is key to zeroing out harmful diesel pollution,” said Commissioner Patty Monahan of the California Energy Commission. “The JETSI project is demonstrating that a zero-emission goods movement is possible, and this newly opened charging depot and electric truck maintenance shop is a glimpse into the future of electric port drayage services.”
Fastertruck News - 02/28/24 - 09:49:09pm -The Texas Trucking Association and another advocacy group have filed a “friend of the court” brief with the Texas Supreme Court asking that it reject a $100 million lower-court accident verdict against Werner Enterprises.
Fastertruck News - 02/28/24 - 09:19:32pm -The Louisiana Motor Transport Association has joined a suit filed by a trucking company against the U.S. Department of Labor over changes to the classification of independent contractors.
Fastertruck News - 02/28/24 - 08:50:47pm -The U.S. Transportation Command reported that the contractor for a multibillion-dollar military moving contract passed a test of its IT systems that had caused an implementation delay.
Fastertruck News - 02/28/24 - 08:38:44pm -
FORT SMITH, Ark. — In addition to celebrating 100 years in business during 2023, ArcBest saw one of its highest-ever revenue performances. The Arkansas-based company operates LTL carrier ABF Freight, along with ArcBest Technologies (an in-house IT solutions group), ABF Logistics, Panther Premium Logistics and FleetNet America.
For the fourth quarter of 2023, ArcBest reported revenue from continuing operations of $1.1 billion compared to $1.2 billion in the fourth quarter of 2022. The company’s fourth quarter 2023 operating income from continuing operations was $64.3 million compared to $50.2 million in the fourth quarter of 2022, and net income from continuing operations was $48.8 million compared to $36.5 million, or $1.45 per diluted share, in the prior-year period.
“2023 was a milestone year for ArcBest as we celebrated our 100-year anniversary and again delivered solid financial results,” said Judy R. McReynolds, ArcBest chairman, president and CEO.
“In a year marked by market disruptions and increased supply chain complexity, our people remained a critical driver of our success, helping us achieve the second-best revenue performance in ArcBest’s history,” she continued.
Excluding certain items in both periods, the company’s fourth quarter 2023 non‑GAAP (generally accepted accounting principles) operating income from continuing operations was $81.7 million compared to $81.6 million in the prior‑year period. On a non-GAAP basis, net income from continuing operations showed a slight drop at $60 million compared to $60.8 million in fourth quarter 2022.
ArcBest’s full year 2023 revenue from continuing operations totaled $4.4 billion compared to $5 billion in 2022. Net income from continuing operations was $142.2 million compared to net income of $294.6 million in 2022. On a non-GAAP basis, ArcBest’s 2023 net income from continuing operations was $194.1 million compared to net income of $344.7 million in 2022.
“In addition to significant operational and efficiency improvements in 2023, we are proud to have renewed our five-year labor agreement and received recognition for our innovation efforts and commitment to service excellence,” McReynolds said. “These achievements are supported by our customer-led growth strategy and focus on shareholder value. We look forward to accelerating growth, increasing efficiency and fostering innovation as we look ahead to even greater success in our next hundred years.”
Fastertruck News - 02/28/24 - 08:38:44pm -
COLUMBUS, Ind. — ACT Research recently gathered trucking industry leaders to share insights and outlooks about the industry’s future.
The event, hosted in early February, included Bill Kretsinger, chairman and CEO at American Central Transport, Joe Vitiritto, president and CEO at PAM Transport and Marshall Franklin, CEO and CFO at Highway Transport, among many others.
Regarding the freight downturn, Kretsinger shared, “I’ve been in the industry 40 years, have seen many different cycles, and this downcycle has been the worst one.”
The sentiment was mutual among the other trucker panelists: This downcycle has been one of, if not the, worst experienced in their careers so far; however, they are feeling optimistic about the road ahead.
Their boots-on-the-ground perspective supports ACT’s thesis of a 2024 freight recovery.
Tim Denoyer, ACT Research’s vice president and senior analyst, added, “Freight markets have been bouncing along the bottom for a while, but there are positive signs that this is turning. Conditions for a transition into early cycle are still not all in place, but rebalancing is progressing.”
Across the board, panelists indicated a slight improvement in volumes so far in 2024, and this was confirmed in ACT’s For-Hire Trucking Index, with volumes up by 1.7 points in January.
“Freight demand continued its gradual recovery in January with just the fifth reading at or above the neutral 50 level in the past 22 months. Though, the improvement may be partly temporary due to the cold snap,” he said.
Regarding equipment purchases, all panelists shared that fleets generally didn’t get the allocation they expected during the pandemic, and now it’s time to catch up. Fleets are right sizing their fleets now, getting back to a regular trade cycle.
ACT’s next seminar is scheduled for Aug. 21-22.
Fastertruck News - 02/28/24 - 08:21:40pm -Nearly two years after an information-sharing forum designed to improve communication among freight stakeholders was launched, its new director expects it will continue to grow.
Fastertruck News - 02/28/24 - 08:21:40pm -Adam Miller has been appointed CEO at Knight-Swift Holdings Inc., succeeding David Jackson, who is stepping down after nine years as chief executive and 13 as president.
Fastertruck News - 02/28/24 - 07:23:28pm -
The California Highway Patrol (CHP) recently discovered a slew of violations after pulling over a truck-trailer combination in Redding.
CHP-Redding said that a traffic stop was initiated on Tuesday, February 27 due to the driver “being distracted…(texting).”
“Well, one thing led to another and it was determined the truck had expired registration, false license plates, the driver was driving out of class (the combination of the truck/trailer and weight requires a Class A driver license), and the trailer was not registered (in any of the 50 states) and was also displaying false license plates. Unfortunately for this driver, both the truck and trailer were towed away,” CHP said.
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Fastertruck News - 02/28/24 - 07:23:28pm -
The Oklahoma Highway Patrol (OHP) shared video of a big rig zooming through a work zone on I-35 as a reminder to slow down and move over.
On February 25, OHP shared dash cam video of a construction zone accident on I-35 near Pauls Valley.
“The paint crew was restriping I-35 and had the right lane with a trooper and a cone crew behind them. The semi was driving at a high rate of speed and hit the carriage on the truck. It resulted in $10,000 in damage. One crew member on the back of the truck was just feet away from the impact. The trooper was not able to track down the truck. This is just another example of why it’s so important to pay attention on the roadways and move over or slow down for flashing lights,” OHP said.
You can take a look at the video below.
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Fastertruck News - 02/28/24 - 07:22:32pm -American Trucking Associations’ Technology & Maintenance Council is set to explore the importance of proper spec’ing during its annual conference starting March 4.
Fastertruck News - 02/28/24 - 06:38:33pm -
CLEVELAND — Joey Palmer and Duncan Wright have been appointed as co-CEOs of World Group, a network of transportation and logistics companies that includes World Shipping Inc., ContainerPort Group (CPG), UWL Inc. and World Distribution Services (WDS).
Palmer and Wright replace former CEO Fred Hunger, who has stepped into the role of executive chairman for the company. Palmer will continue to serve as president of CPG, and Wright as president of UWL and WDS.
Fred Hunger, son of Jack E. Hunger, founder of World Shipping, Inc., has been pivotal in the company’s growth and strategic expansion through the years, according to a company statement.
“Stepping into the executive chairman role, I am ready and excited to see Joey and Duncan take the lead,” he said. “It is certainly unique — the co-CEO setup — but we have done our homework. Turns out, it is not as rare as you would think, and it works.
“Joey and Duncan are a great match; they complement each other’s strengths,” he continued. “It is the right move for our future, setting us up for greater success across our portfolio of brands.”
Founded in 1960, World Group serves shippers and receivers of international cargo in a variety of segments, including freight forwarding, ocean freight, trucking, rail operations, warehousing and distribution, bulk liquid international logistics and customs clearance.
ContainerPort Group serves all ports and rail terminals across the U.S. According to the company statement, under Palmer’s leadership CPG has risen to the status of a Top 10 drayage carrier and has been recognized on industry-leading top carrier lists nationwide.
“In my tenure at CPG, we have become a household name in ocean container drayage,” Palmer said. “As we step into leadership roles within our parent company, World Group, Duncan and I are committed to keeping our focus on our brands’ strengths — CPG’s expertise in trucking, WDS’s warehousing and distribution capabilities, and UWL’s NVOCC (non-vessel operating common carrier) and freight forwarding excellence Our next step is about elevating the opportunities we deliver to our clients while maintaining the unique identity and value each brand contributes.”
UWL is one of the fastest-growing U.S.-owned NVOCCs and is known for its award-winning Sun Chief Express Service. Under Wright’s leadership, UWL developed a guaranteed ocean service boasting the fastest transit times from Vietnam to the West Coast of the U.S., the statement noted.
In his capacity at World Distribution Services, Wright oversees a Top-100 3PL known for delivering customized port-centric logistics solutions, including warehousing and distribution in key markets. Under his leadership, the organization has grown its footprint in Savannah, New York and the Pacific Northwest.
“The opportunity to lead World Group into its next chapter alongside Joey is not only a privilege but an exciting challenge,” Wright said. “The decision to have co-CEOs reflects a strategic move to provide consistent leadership across World Group’s portfolio without merging our brands into a single entity.
“No one knows our people, products and customers’ needs better than Joey and me, and we look forward to harnessing our combined leadership strengths to ensure our brands continue as market leaders within their respective part of the supply chain,” he continued. “Together, we aim to elevate our global service reach and position our clients and our teams for improved opportunities and growth.”
Fastertruck News - 02/28/24 - 06:23:35pm -Republican Mitch McConnell will step down as his party’s leader in the Senate after the November election, he said.
Fastertruck News - 02/28/24 - 06:23:24pm -
The Federal Motor Carrier Safety Administration (FMCSA) is kicking off a new study to determine how detention time impacts truck driver safety.
The FMCSA recently put out a call for public comments on a planned study to collect data on commercial motor vehicle (CMV) driver “detention time,” which is defined as extra time CMV operators wait at shipping and receiving facilities due to delays not associated with the loading and unloading of cargo.
The study will collect data for 12 months from 80 CMV carriers and 2,500 CMV drivers using electronic logging devices (ELDs), transportation management systems (TMS), vehicle telematic systems, safety records, and answers to questions delivered through the carriers’ dispatching systems.
The agency says that the purpose of the study is to gain a “better understanding of the impact of driver detention time on driver safety and CMV operations and inform strategies that may be used to mitigate driver detention time.”
FMCSA suggests that cutting down on detention time could increase profits for carriers and pay for drivers, while also reducing the likelihood that drivers violate hours of service regulations.
“…Drivers who experience less detention time may be more likely to drive safely to reach their destinations within the HOS limits and less likely to operate beyond HOS limits and improperly log their driving and duty time to make deliveries on time,” the FMCSA said.
The study will also estimate the cost per year associated with detention time, including lost productivity, disruptions to the supply chain, and any increases in fatal, injury, and property-damage-only crashes.
Comments are due by March 18, 2024.
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Fastertruck News - 02/28/24 - 05:23:15pm -
A semi loaded with $4 million in Kardiashian gummy vitamins was recently target by cargo thieves, according to TMZ.
Reality television’s Kourtney Kardashian reportedly fell victim to a heist last week when a semi truck loaded with the star’s “Lemme” wellness gummies products was stolen from a logistics facility located in the San Fernando Valley.
TMZ says that up to $4 million worth of product was on the truck when it was stolen.
The cargo thieves hacked the security system, then used fraudulent identification documents to gain access to the facility, the report claims.
The cargo thieves even sent a digital “ransom note” asking for payment in return for the stolen “Lemme” dietary supplements.
A Lemme spokesperson told TMZ, “Our team is working closely with law enforcement agencies to investigate the theft. In the meantime, we are implementing contingency plans to minimize any impact to our customers and retail partners.”
No suspects have been identified and no arrests have been made at this time.
The cargo theft remains under investigation.
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Fastertruck News - 02/28/24 - 05:00:01pm -
MOUNTAIN VIEW, Calif. — Electric-powered trailers could help pave the way to the decarbonization of trucking, according to Range Energy. The hardware company, which is working to bring powered trailers to the commercial trucking market, announced Feb. 28 that it has received $23.5 million in new funding led Trousdale Ventures, with participation by UP.Partners, R7 and Yamaha Motor Ventures. This additional financing brings Range’s total funding to $31.5 million, inclusive of the company’s $8 million seed financing.
According to a company statement, Range will apply the capital to customer pilot programs while, at the same time, working toward full-scale production of electric-powered trailers. Additional resources will be invested in the development of Range’s new trailer data and telematics platform.
“Commercial-led innovation is material for achieving the electrification of on-road transportation,” said Ali Javidan, CEO and founder of Range Energy. “To date, consumer EVs (electric vehicles) have captured the attention of early adopters and are making inroads towards mass adoption, yet factors such as charging infrastructure, grid instability, and cost have all contributed to slower-than-hoped adoption rates.”
Range’s Feb. 28 statement notes that fleet owners and operators are under “immense pressure” to decarbonize, adding that electric tractors are still years away from widespread use because of costs, charging infrastructure and reliability issues.
“Commercial transport is one of the most complex sectors to decarbonize and owners and operators need smart solutions to solve for emissions reductions targets in the near-term,” said Hinrich J. Woebcken, general partner at Trousdale Ventures and former president and CEO of Volkswagen Group of America. “Specifically, trucking fleets need to feel confident the investments made in new technologies are futureproof and fit into their plans for the makeup of their fleets for years — and decades — to come.”
Range offers what it describes as a practical solution — the electric-powered trailer. According to Range, the trailers are cost-effective and can be implemented in fleets with no operational disruptions. Third-party preliminary testing conducted in 2023 by Mesilla Valley Transportation Solutions (MVTS) showed that using Range trailers could enable up to 36.9% fuel efficiency gains (+3.25 mpg) for semi-trucks. Testing was conducted on a 25.5-mile urban/highway loop at approximately 59,000 pounds GVW and a top speed of 60 mph across multiple scenarios, including stop-and-go and steady-speed portions.
In addition, Range claims that its powered trailers can double the range of electric semi-trucks, proving the technology’s ability to meet both near- and long-term electrification ambitions. Since the company’s inception, it has developed and debuted a powered 53-foot dry van, the first trailer electrification platform eligible for California’s Clear Off-Road Equipment (CORE) voucher incentives. In addition, Range has launched a dealer advisory council with commercial OEM dealers.
“Range is at the forefront of broad electric equipment adoption and the overall electrification of on-road transportation. We believe in the company’s mission to make towing cleaner, safer, and more efficient and are excited to have skin in the game,” Woebcken said.
“Range is poised to ensure commercial fleets are able to adopt and transition to electric with speed and ease and our investors are committed to helping get our trailers into the hands of commercial fleet owners — and on the roads — quickly,” Javidan said.