Category: Trucking News

Nintendo Switch is on track to sell 20 million units in 2018

In just 10 short months, the Nintendo Switch has sold more units than the Wii U's entire five-year lifetime on the market. As this chart by Statista shows, the original Wii is still one of the top-selling consoles across its entire lifetime, but the Switch's exploding popularity might eventually surpass it, given Nintendo's ambitions for the product. The company intends to sell a whopping 20 million units during the company's next fiscal year, which would mean that the Switch would outpace both the entire lifetime sales of both Nintendo 64 and Nintendo GameCube in only two years.


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FMCSA: Carriers Stymied by PeopleNet AOBRD Issue May Seek Exemption

Old Dominion Freight Line is seeking a one-year exemption from the ELD mandate. Photo: ODFL

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The Federal Motor Carrier Safety Administration is considering a request by one motor carrier for a one-year exemption from electronic logging rules so that its AORBD/ELD provider can provide a specific type of software as having been made “on behalf of all motor carriers in similar situations concerning the integration of PeopleNet's ELD software into fleet management systems.”

The agency's announcement, published in the Federal Register for Jan. 31, includes a call for public comment on the notice of application for exemption made by Old Dominion Freight Line. Presumably, given FMCSA's assertion about what the ODFL application represents, comments may include remarks by fleets that amount to requests for the very same exemption.

Earlier last month, FMCSA issued a 90-day exemption to ODFL and other PeopleNet customers to address a portion of the ELD rule's grandfather clause, which states that if a fleet adds any trucks between now and 2019, they must use an ELD, not an AOBRD. That short-term exemption gives affected fleets until March 18, 2018 to integrate their existing AOBRDs to fleet management and safety systems.

“Old Dominion requests this exemption to allow the company to install ELD devices running on automatic on-board recording device (AOBRD) software in commercial motor vehicles added to the company's fleet for up to one year from the December 18, 2017, ELD mandate compliance date,” FMCSA explained in its Jan. 31 notice. “If granted, this modified ELD phase-in period will allow Old Dominion's AORBD/ELD provider, PeopleNet, to complete the development of the software necessary to integrate ELD data with the company's fleet management and safety systems to fully meet the ELD mandate.”

FMCSA further explained that ODFL began equipping trucks with PeopleNet AOBRDs in 2010 and that data ...Read the rest of this story

Three Big Stock Charts for Thursday: General Electric Company (GE), Apple Inc. (AAPL) and First Solar, Inc. (FSLR)

The move was a response comments from Alan Greenspan that suggested that both the stock and bond markets are in bubbles. Today's Three Big Stock Charts takes a technical read from General Electric Company (NYSE:GE), Apple Inc. (NASDAQ:AAPL) and First Solar, Inc. (NASDAQ:FSLR), three stocks finding themselves in a must-win situation to avoid another 5%-10% decline over the next month. The stock has been in a bear market since April 2017, but the next move is likely to shave another six percent from GE's value in short order. General Electric stock has been very sensitive to round-number prices as the stock has made its decline from $22 to its current $16.


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DowDuPont's earnings forecast misses estimates, shares fall

Shares of the company, formed by the merger of chemical giants Dow Chemical and DuPont, were down 2.5 percent at $73.56 on Thursday. DowDuPont said it expected earnings per share to grow in the mid-to-high teens percentage range, implying earnings of $3.90-$4.05. The chemicals giant said it raised prices by about 5 percent across markets in the fourth quarter, while volumes - a proxy for demand - rose 6 percent.


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