Sunday, January 21, 2018
Business
Volvo Trucks investing $38.1M in new customer center, plant upgrades at New River Valley site

Volvo Trucks investing $38.1M in new customer center, plant upgrades at New River Valley site

DUBLIN, Va. — The Pulaski County, Virginia, Industrial Development Authority (IDA), in concert with the board of supervisors last month officially conveyed 49 acres to Volvo Trucks as part of a performance agreement following the company's commitment to invest $38.1 million to construct a new 36,000-square-foot customer center and several plant upgrades to improve its New River Valley (NRV) plant’s manufacturing processes, resulting in the creation of 32 new jobs.

FTR shippers index continues fall in October

FTR shippers index continues fall in October

BLOOMINGTON, Ind. — FTR’s Shippers Conditions Index (SCI) continued to fall in October to a reading of -9.6. Truck rates, both spot and contract segments, have increased for shippers. This is an immediate reflection of the tight truck market, according to Eric Starks, FTR cairman and CEO, who added that after the holiday blitz, tight capacity should ease somewhat in first-quarter 2018, as it typically does, before peaking again in the spring.

Class 8 same dealer used truck sales drops by 17% in November

Class 8 same dealer used truck sales drops by 17% in November

COLUMBUS, Ind. — Class 8 same dealer used truck sales dropped by 17 percent last month following the unexpected climb in October, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

Wabco invests $10M to acquire 1% equity stake in Nikola

Wabco invests $10M to acquire 1% equity stake in Nikola

BRUSSELS, Belgium — Wabco Holdings Inc., the global supplier of safety technologies and services, today announced that it has made a $10 million investment in Nikola Motor Co., a leader in the design and manufacturing of hydrogen-electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains headquartered in Salt Lake City.

November tonnage surges 7.6 percent over same month last year

November tonnage surges 7.6 percent over same month last year

ARLINGTON, Va. — American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped again in November, adding 2.3 percent in addition to the 3.9 percent jump during October. In November, the index equaled 151.8 (2000=100), up from 148.4 in October.

Diesel down slightly in all but one area Monday; national average at $2.901 a gallon

Diesel down slightly in all but one area Monday; national average at $2.901 a gallon

Except for one hold-out area (New England) and one that stayed the same (lower Atlantic), eight of the Energy Information Administration’s (EIA) 10 reporting regions Monday saw slight down-ticks in the price of on-highway diesel, with the national average ringing up at $2.901, nine tenths of a penny down from last week’s $2.910 a gallon.

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