Transport Topics
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After trucking reached dizzying heights in 2018, the industry reflected more realistic conditions over the past 12 months. Class 8 sales performed above replacement levels, tonnage was marked by volatility and trailer orders started strong and faded to a nearly three-year low by May.
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A speeding teenage driver caused the fatal crash of a Tesla Inc. vehicle in Florida in 2018 and the subsequent fire in the electric car’s battery contributed to the severity of his injuries, a federal investigation concluded.
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U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend.
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The Goodyear Tire & Rubber Co. announced it is expanding its company-owned presence in the Midwest by purchasing Raben Tire Co., based in Evansville, Ind., from affiliates of Palladium Equity Partners, a private equity firm.
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