SmartDrive, McLeod integrate to offer streamlined TMS functionality
read more
...Read the rest of this story
Two trucking companies raise driver pay
Two motor carriers are increasing the pay packages for their drivers, in one case for owner-operators and in the other for company personnel.
USA Truck Inc. is boosting its owner-operator compensation package to include 68% of line haul revenue, with payments for fuel surcharge and base plates included as well.
“In past few years, we have greatly increased the number of owner-operators driving for USA Truck,” noted James Reed, the carrier's president and CEO, in a statement.
read more
...Read the rest of this story
Kalmar, TransPower unveil electric terminal tractor at ACT Expo
read more
...Read the rest of this story
‘Run on Less’ roadshow to track fuel efficiency, more with Geotab telematics
read more
...Read the rest of this story
US unemployment benefits drop 19,000 to 238,000
Fewer Americans filed for unemployment benefits last week after two weeks of small gains. THE NUMBERS: The Labor Department says weekly jobless claims dropped by 19,000 to 238,000, the lowest level in ...
FTC Greenlights Knight-Swift Merger
<img width="150" src="http://www.automotive-fleet.com/fc_images/news/m-swifttruckevanlockridge-1.jpg" border="0" alt="
Photo: Evan Lockridge
">Photo: Evan Lockridge
">The mega-merger of Knight Transportation and Swift Transportation has moved a step closer to completion with the Federal Trade Commission granting its approval.
The antitrust approval came quickly, in the form of an early termination notice posted by FTC on May 1. That action allows shareholders to vote on the deal, which is expected to close this summer. However, the merger must still be approved by the Securities and Exchange Commission and meet other requirements before the deal can legally close.
Once they are merged to form Knight-Swift Transportation Holdings, the two carriers will together field the largest truckload operation in the U.S. The new company is projected to generate annual revenues over $5 billion and boas a market capitalization of about $6 billion.
The Phoenix-based companies announced on April 10 that their respective boards of directors unanimously approved the merger of Knight and Swift in an all-stock transaction that they said will create the industry's largest full truckload company.
“This transaction combines under common ownership two long-standing industry leaders creating North America's premier truckload transportation company with $5 billion in annual revenue and a ‘Top 5' truckload presence in dry van, refrigerated, dedicated, cross-border Mexico and Canada, and a significant presence in brokerage and intermodal,” the companies said in a joint statement.
The new holding company will remain headquartered in Phoenix and will operate with some 23,000 tractors, 77,000 trailers, and 28,000 employees.
The companies noted that, post-merger, the distinct Swift and Knight brands and operations will be maintained.
Related: Knight-Swift: A Merger of Mindsets
Follow @HDTrucking on Twitter
...Read the rest of this story
Autonomous vehicles may follow the PC development pathway
One trend that's been going on in trucking in fits and starts for a long while now is the move towards “vertical integration,” whereby truck OEMs directly manufacture most of the major components that comprise today's commercial vehicles, such as engines, transmissions, cabs, axles, etc.
read more
...Read the rest of this story