Transport Topics
Motorists to Hit Roads on Memorial Day in Near Record Numbers, AAA Says
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The number of Americans traveling by car for the Memorial Day holiday will hit an 11-year high this year, fueled by a growing economy and low gasoline prices, the nation's largest motorists' advocacy group said on May 20.
Central States Won't Create New Pension Rescue Plan, Appeals to Congress for Help
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The Central States Pension Fund has decided not to submit a new rescue plan to avert future insolvency, leaving the question of funding future pensions for its Teamster members in the lap of Congress.
Trimac Considers Going Private
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Trimac Transportation announced that shareholders will meet June 28 to decide whether to take the publicly traded energy industry and bulk freight specialist to private ownership, including its current top leaders.
USA Truck Executive Michael Borrows Resigns
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USA Truck Inc. announced that Executive Vice President Michael Borrows resigned from the trucking and logistics company May 19 as changes continue in its executive ranks.
Daimler Cuts Sales Forecast as Class 8 Orders Stall
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Daimler Trucks said it lowered its outlook for overall North American truck sales for Classes 6-8 in 2016 as orders for Class 8 trucks especially have not revived. It now forecasts sales will be off about 15% compared with 2015, down from its previous forecast of a 10% decline.
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