The story of Yellow, the trucking company that almost lasted a full century, is slowly but surely coming to an end, as many of its terminals have now been auctioned off in order to pay off its debts.DetailsIn total, $1.9 billion was raised and 75% of Yellow’s land was pawned off to twenty other trucking […]
We wrote earlier about what Amazon and Target were doing to prepare for the holiday season, and how it may affect jobs in the trucking industry as the rising tide lifted some boats. That seems to be the case here, as the United Parcel Service (UPS) announced on September 26th that it will be hiring […]
So, it happened. Yellow, just a few months shy of being a century old, has gone out of business. The question that remains is what happens to the LTL market? The answer: it will go on as it always has.DetailsThere is a saying that a rising tide lifts all boats, but the same is true […]
Are you ready for the future? It is still numerous decades away, but that is not stopping Kodiak Robotics from forming a partnership with the Pilot Company to create a station that will support autonomous vehicles.DetailsThe new station is located on a standard truck stop in Villa Rica, Georgia. The planned uses for it include […]
You may remember earlier how we wrote about a potential United Parcel Service strike from the International Brotherhood of Teamsters (IBT), and event that would almost be twice as cataclysmic for the American supply chain as the previous strike in 1997. Well, consumers can now breathe easier, as the two parties have come to an […]
We talked about a potential strike incoming from Yellow workers that would have gone into effect by the time you read this, but the situation has changed. While a strike is still on the table, Yellow now has an additional month to mitigate it.DetailsThe entire debacle started when the Yellow Corporation failed to make proper […]
We wrote about UPS workers with the International Brotherhood of Teamsters (IBT), but there is another potential strike looming that, while not having as much reverberating effect on the economy as a UPS strike would entail, is certainly something too large to be ignored. Yellow Employees represented by IBT, approximately 22,000 in total, may go […]
The United Parcel Service is one of, if not the, largest carrier(s) in the United States. They are estimated to handle 20 million parcels every day. The International Brotherhood of Teamsters (IBT) union represents 340,000 UPS employees, and the two sides are unable to reach an agreement regarding labor terms. If they cannot reach an […]
We at TopMark Funding are fascinated by the truck parking problem and steps that people from all walks of life such tech gurus, regulators, and lawmakers take to fight it. What about the truckers themselves? Bennett Motor Express has taken it upon itself to expand its business operations from simply hauling goods to providing truck […]
The race for green energy trucking is a worldwide phenomenon, and South Korean manufacturing company Hyundai is one of the global contenders that is now hoping to get its foot in the door within the United States market with its new fuel cell trucks.DetailsOn Tuesday, May 2nd, Hyundai Motor Company announced that it would be […]
The trucking industry in the United States is a vital part of the nation’s economy, responsible for transporting goods across the country. It plays a crucial role in the supply chain, ensuring that products reach their destination in a timely and efficient manner. This article provides an in-depth look at the ten largest trucking companies in the […]
In what might be the largest business deal in the trucking industry that we will see this decade, Knight-Swift, one of the largest fleets in the nation, has decided to purchase U.S. Xpress, a smaller but still significantly large truck fleet, to the tune of $800 million.Acquisition DetailsKnight-Swift is acquiring the smaller company in the […]
Semi-trucks play a crucial role in the transportation industry, and it is a job that requires great responsibility, skill, and dedication. The demand for skilled truck drivers is increasing, and the industry is offering attractive salaries to attract and retain the best talent. As a result, truck driving has become one of the best-paying jobs […]
We have been so busy with covering other aspects of the trucking industry that we let a monthly update slip through our fingers. To make up for it, here is a double feature covering the Class 8 sales for June and July, using numbers from FTR.June 2022 NumbersFTR pins the number of Class 8 truck […]
In an effort to combat multiple problems plaguing the trucking industry (emissions, maintenance, etc.), Cummins is planning to bring to market fuel-agnostic engines.DetailsContrary to the name, the engines believe that fuel exists, and each engine will take a particular type of fuel, so a lazy driver cannot pour renewable natural gas into a diesel engine.What […]
After canceling the event for two years in a row, the Mid-America Trucking Show (MATS) is scheduled to have its 50th anniversary this year. With how close the event is to the time of writing and no news of it slowing down, it appears slated to go.DetailsThe website for MATS has the tagline “Worth the […]
In an era of trucking where events are being canceled left and right, it is good to see new trucking events taking place. This is the first-annual Mayberry Truck Show.
We wrote around fifteen months ago about how YRC Worldwide received a $700 million cash infusion to help survive the COVID-19 pandemic. Democrats in the House of Representatives now want to investigate the circumstances regarding that loan, saying that under the Trump Administration that some foul play may have been involved.DetailsThe Coronavirus Aid, Relief, and […]
The trucking industry is none too happy about Biden’s proposed vaccine mandate for private companies with more than 100 employees. This mandate would require all employees for a trucking company, from the drivers to any mechanics or recruiters, to either be fully vaccinated or take a weekly, uncomfortable test to confirm negative results. Lawsuits are […]
On Wednesday, July 28th, Joe Biden flew into Pennsylvania to check out the Mack Trucks Plant in Lehigh Valley. While there he gave an approximately 30-minute speech. Things he discussed included: Creating 600,000 jobs per month since he was in office. The importance of the COVID-19 vaccine. The importance of the United States government buying […]
About six months ago, we predicted that the Tesla Semi would not hit the market in 2021. Then, they had a battery cell shortage. It looks like our prediction has finally been vindicated, as Tesla Motors announced that the launch date for the Tesla Semi has officially been pushed back to 2022. The Details The […]
Anyone who has been in the trucking industry for longer than a year knows that demand for trucks (new, used, and components) is rapidly outpacing supply, at least for the short term. What better time to leverage your position than when you are needed most? Whether that was their plan or the timing just happened […]
Hyzon Motors joins other trucking technology companies such as Nikola Motor Company, Hyliion, and TuSimple by allowing the common man to buy ownership in the company. Here is a summary of the venture and how it became public.DetailsHyzon (a portmanteau of “hydrogen” and “horizon”) Motors started as a part of Horizon Fuel Cells back in […]
Recently, the folks over at PACCAR unveiled their newest upgrade to their 579 line of Class 8 trucks, aptly called “The New Model 579”. Peterbilt is hoping to innovate and change the way that truckers perform their jobs. Here is what Peterbilt touts as changes from the previous model. Aerodynamics While Peterbilt advertises eleven key […]
One problem facing electric vehicles is different plugs and outlets for charging depending on the vehicle. PACCAR Parts wants to alleviate this problem for drivers, even if they are not direct customers of PACCAR brands such as Kenworth and Peterbilt.Universal ChargingWhether you have started making the transition to electric commercial vehicles or plan to do […]
Nikola Motors Corporation has been through the wringer in the past few months, but there is at least one company that still holds faith in them, General Motors. GM, who swapped shared with Nikola in the early summer, has signed a Memorandum of Understanding (MOU) with the fledgling technology company, to show intention to use […]
Cummins and Navistar go together like garlic and onions. They recently extended their eighty-year partnership even further. Now the two companies hope to work together in the race to get a hydrogen fuel cell heavy-duty truck to market.DetailsThe Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) wants to actively promote the development […]
We did not want to write about this Traton-Navistar deal as it was in progress, but it appears that the negotiations have been finalized. Traton, subsidiary of the Volkswagen Group, is purchasing Navistar in its entirety.DetailsBefore the buyout agreement, Traton owned 16.7% of all common shares in Navistar, meaning that their purchase was not a […]
Fully electric Class 8 vehicles that can travel along the California coast in a single charge are still off into the future, but that does not mean that electric semi-trucks do not exist now. One example of such a machine is the Kenworth T680E, which will go into production and be for sale at Kenworth […]
Some trucking tech companies such as Tesla and Nikola want to bring electricity to the trucking industry as a viable fuel source, but what happens after that? Generating electricity can still be environmentally damaging, and can take hours to fully charge a heavy truck. Hino and Toyota are thinking one step ahead by trying to […]
Daimler Trucks North America (DTNA), the parent company of Western Star, has officially revealed the company’s latest vocational truck. The company considers it the natural evolution of the 4900 series of work trucks.“We know the 4900 is a great product, but we also know that it doesn’t bring the best of technology to the customer,” […]
We at TopMark Funding have talked about Nikola Corporation going public and how you can become a part-owner in the fledgling company. Now, it seems General Motors wants a piece of the action. The companies have announced plans to become part-owners of one another. The Details The companies became part-owners of one another by swapping […]
We at TopMark Funding have written about the AB-5 bill before. In the last article covering the bill, we talked about how U.S. District Judge Roger Benitez issued a preliminary junction against it, meaning that until the lawsuit between the State of California and the California Trucking Association (CTA) is resolved, the default position is […]
Whether you are a fleet owner hoping to add a new Kenworth medium-duty truck to your fleet, or a dealer hoping to add some variety to your dealership lot, your decisions in regards to T270s and T370s just became much more varied. The Default Before we go into the new options for your truck, it […]
The race to get a viable fully electric heavy-duty truck is still on, but the lower difficulty challenge of doing the same for medium-duty trucks appears to be coming to a close. Now, Peterbilt Motors Company joins the lineup of electric vehicles in the Class 6 and Class 7 markets, thanks to the Peterbilt Model […]
Cummins and Navistar International announced on August 10th their plans to continue working together in a partnership, as they have for over eighty years.Working in UnisonMost truck companies, such as Volvo and PACCAR, build their own engines in house, for both cost savings and to ensure all of the parts work together. Navistar International prefers […]
With all of the cancellations of physical events and adding of new virtual events in their stead, it may not come as a surprise to many that the Used Truck Association (UTA) is changing the UTA Convention, set on November 4th to the 7th, into a fully virtual event. What may be surprising is that […]
In the 19th century Thomas Edison and Nikola Tesla duked it out to determine the future of electricity between DC and AC. Now, two companies, both named after the winner of that debacle, are battling it out to get their electric trucks out to market. Nikola Nikola Motor Company is the underdog in the competition. […]
Autonomous trucks may still be a far way away from becoming the norm, but the journey of a million miles begins with one wheel rotation. A small handful of companies are working together to help lay the groundwork of making it a reality.The TeamThe companies that form this partnership of establishing an autonomous network of […]
With Tesla delaying the Semi for another year, it appears to be that the Nikola Motor Company (also named after electrical inventor Nikola Tesla) is the frontrunner to get a fully electric semi-truck to market. Their chances just increased immensely when they finished performing a reverse merger with VectoIQ Acquisition that will also raise at […]
Last week we covered Peterbilt dump truck models currently in production, now we move on to Peterbilt’s brother brand, the Kenworth. Both truck types fall under the Paccar banner, so it will be interesting to see how the Kenworth dump trucks compare. As with the Peterbilt truck models, the Kenworth models are ordered numerically and […]
On March 23rd, a coalition of automotive dealers, including the American Truck Dealers (ATD), sent a letter to President Trump, Vice President Mike Pence, Cabinet members, and the Governors of all fifty states asking for “essential status” for dealerships in the wake of the COVID-19 crisis.The Letter to the GovernmentThe letter outlines the coalition between […]
We recently wrote about how Mack and Volvo Group suspended truck production due to COVID-19 fears, now it appears that other truck builders are following in their footsteps. Recently, Paccar and Navistar International announced that they are also halting production. Both have announced two-week shutdowns, with a Paccar representative saying, “[we] will continue to provide […]
