Trucking revenue passes $700 billion mark

Trucking revenue passes $700 billion mark

Last year, the U.S. trucking industry generated more than $700 billion in revenue, a historical high, according to the American Trucking Trends report, produced by the American Trucking Associations (ATA). “Last year, we saw freight volumes grow significantly,” said ATA Chief Economist Bob Costello. “Increases in freight, combined with continued tight capacity helped drive revenues…

Freight carriers pushing for higher capacity trailers

Freight carriers pushing for higher capacity trailers

Fedex Corp. and other freight carriers are pushing Congress to open U.S. highways to a new generation of bigger truck trailers despite opposition from safety groups. The freight carriers are spending millions of dollars lobbying Congress in support of a $53.5 billion transportation spending bill that removes some safety measures the government wants in place….

Volvo, others invest in truck platooning firm

Volvo, others invest in truck platooning firm

California-based Peloton Technology, a developer of vehicle systems that deliver advanced safety, fuel savings and analytics to trucking fleets, recently received an infusion of venture capital funds from industry investors, including Volvo Group Venture Capital. Other investors include Magna International, Castrol innoVentures and UPS Strategic Enterprise Fund. The investment will accelerate Peloton’s development and deployment…

ATA outlines plan to improve truck safety to Congress

ATA outlines plan to improve truck safety to Congress

In recent testimony to the House Transportation and Infrastructure Committee’s Highway and Transit Subcommittee, representatives of the American Trucking Associations (ATA) said continued improvement in truck safety will need new strategies to better address the primary causes of highway crashes. “The truck-involved fatality rate has decreased 74 percent since 1975 and in the last decade…