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    Volvo Quarterly Earnings Surge as North America Deliveries Jump

    [Stay on top of transportation news: Get TTNews in your inbox.] Volvo Group’s second-quarter earnings beat analyst expectations, as truck deliveries rose and the company increased its market forecasts for North America and Europe this year. The Swedish company has been reaping the rewards of roaring demand for trucks in the last couple of years,...
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    US, China Exchange Barbs as Trade Rift Widens Ahead of G-20

    [Stay on top of transportation news: Get TTNews in your inbox.] The U.S. and China exchanged barbs over which nation wrecked trade negotiations, deepening divisions that have laid bare a breakdown in trust between the between the world’s two largest economies. “China backpedaled on important elements of what the parties had agreed to,” the Treasury...
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    TravelCenters of America Reports Higher Net Income, Revenue as Fuel Sales Jump

    [Stay on top of transportation news: Get TTNews in your inbox.] TravelCenters of America Inc. reported net income of $1.21 million, or 15 cents per share, in the quarter ended June 30. That compares with a net loss of $33.98 million in the second quarter of 2018, when earnings per share were $1.07. Revenue was...
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    Bendix Reaches Wingman Milestone

    [Stay on top of transportation news: Get TTNews in your inbox.] Bendix Commercial Vehicle Systems has reached a 10-year milestone in collision-mitigation technology since the production of its Bendix Wingman ACB — Active Cruise with Braking in 2009. Every day, a growing number of #fleets and owner-operators adopt the robust Bendix Wingman family of...
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    Turnover at Port Tampa Bay: Conflicts or Coincidence?

    [Stay on top of transportation news: Get TTNews in your inbox.] TAMPA — In three months this spring, Port Tampa Bay saw four members of its leadership team resign: two vice presidents (operations and finance) and two directors (information technology and public relations). Normal turnover, port officials say. But on their way out, two of...
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    Two-Time 3-Axle Champ Mark Cole Adds Grand Champion Title in Montana

    [Stay on top of transportation news: Get TTNews in your inbox.] Mark Cole of FedEx Freight found himself in the winner’s circle for the second year in a row as 3-Axle champion, then added the Grand Champion title June 15 at the Montana Truck Driving Championships in Helena. “The event went great this year,” said...
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    US Delays Tariffs on Some Chinese Goods, Drops Others

    [Stay on top of transportation news: Get TTNews in your inbox.] WASHINGTON — The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said...
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    Exxon Is Discouraging Witnesses in Climate Suit, N.Y. Says

    [Stay on top of transportation news: Get TTNews in your inbox.] New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change. Exxon is swamping investors and financial advisers who may be called to testify...
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    Ryder Increases Dividend, Adds Maintenance Facility

    [Stay on top of transportation news: Get TTNews in your inbox.] Ryder System Inc. increased its regular quarterly cash dividend by 2 cents to 56 cents per share. It will be paid on Sept. 20 to shareholders of record on Aug. 19, the company said. It had been paying a dividend of 54 cents since...
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    German Economy Shrinks Amid Trade Concerns, Auto Woes

    [Stay on top of transportation news: Get TTNews in your inbox.] FRANKFURT, Germany — The German economy shrank by 0.1% in the second quarter from the previous three-month period as global trade conflicts and troubles in the auto industry weighed on Europe’s largest economy. The state statistics agency Destatis said Aug. 14 that falling exports...
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    ODFL Sets Company Records as Earnings, Revenue Rise

    [Stay on top of transportation news: Get TTNews in your inbox.] Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share. For the period ended June 30, net income ros...
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    VW’s $18.6 Billion Truck IPO to Test CEO’s Overhaul Plan

    [Stay on top of transportation news: Get TTNews in your inbox.] Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test CEO Herbert Diess’ ambition of overhauling the carmaking behemoth. The manufacturer intends to offer stock in Traton SE, which sells MAN and Scania...
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    Alliance Parts Expands Offerings, Retail Footprint

    [Stay on top of transportation news: Get TTNews in your inbox.] Alliance Parts, a unit of Daimler Trucks North America, announced it expanded its parts portfolio and increased its retail footprint with the goal of delivering parts in 24 hours or less. It added more than 11 value product lines to its portfolio, ranging from...
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    Quest Global Acquires Dakota Moon

    [Stay on top of transportation news: Get TTNews in your inbox.] Quest Global acquired Dakota Moon Enterprises LLC, a Nevada-based engineering and supply chain services provider to the aerospace industry, according to a Quest news release. Terms were not disclosed. Quest said the merger will enhance its ability in providing supply chain services to ...
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    New Report Points to Ways Truck Companies Can Operate Safer

    [Stay on top of transportation news: Get TTNews in your inbox.] A study that focused on nine motor carriers’ efforts to improve the safety of their operations found that a company’s overall safety culture — from the boardroom to the truck cab — was a crucial element for success. “This report provides some real concrete...
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    Renault Chairman Pledges to Restore ‘Damaged’ Nissan Partnership

    [Stay on top of transportation news: Get TTNews in your inbox.] Renault SA Chairman Jean-Dominique Senard promised to improve relations with partner Nissan Motor Co., telling shareholders at an annual meeting in Paris that broken trust between the companies is repairable. “The priority is to restore a strong alliance,” Senard said June 12, noting t...
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    Waymo Brings Self-Driving Trucks to Phoenix Area Freeways

    Google’s self-driving vehicle division is bringing autonomous trucks to the Phoenix area. Waymo announced May 29 that its self-driving tractor-trailers will start driving on freeways this week and will expand to more routes over time. Waymo’s self-driving passenger vehicles are ubiquitous in eastern Phoenix and its suburbs, where the company conduc...
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    Las Vegas’ $1 Billion Project Neon Ready for Spotlight

    [Stay on top of transportation news: Get TTNews in your inbox.] Project Neon, the $1 billion upgrade to Interstate 15 in Las Vegas, is finished. The widening and revamp of ramps along a 3.7-mile segment of I-15, between U.S. Route 95 and Sahara Avenue, was the largest public works effort in the history of Nevada....
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    Expansion Needed to Keep up With Growth at Port Manatee

    [Stay on top of transportation news: Get TTNews in your inbox.] PORT MANATEE, Fla. — It may cost as much as $127 million over the next five years, and $500 million over the next 20 years, to build the facilities to keep up with growth at Port Manatee. “We are no longer the sleepy little...
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    Taking in Just $70 a Day, Lordstown GM Plant Savior Is in Trouble

    [Stay on top of transportation news: Get TTNews in your inbox.] Back in early May, President Donald Trump blasted out a tweet one morning under the banner “great news for Ohio.” The great news? General Motors Co. was in talks with a company called Workhorse Group about forming a new affiliate that would buy —...
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    BMW Names Production Chief Oliver Zipse as New CEO

    [Stay on top of transportation news: Get TTNews in your inbox.] BMW AG promoted production chief Oliver Zipse to chief executive officer, resetting its leadership to catch up with rivals in the transition to an era of self-driving, electric cars. Zipse will succeed Harald Krueger, 53, who stepped down after four years following struggles to...
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    FedEx Drivers Dominate at Vermont and New Hampshire Truck Driving Championships

    [Stay on top of transportation news: Get TTNews in your inbox.] The petite states of Vermont and New Hampshire successfully hosted 56 drivers at the combined State Truck Driving Championships in Pembroke, N.H., June 1. Vermont had 18 competitors and New Hampshire had 38. Both Grand Champions were back to defend their state titles. After...
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    China Ramps Up War of Rhetoric in Trade Standoff With US

    BEIJING — Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on May 24 accused the U.S. of seeking to “colonize global business” with moves against Huawei and other Chinese technology companies. There was no word from either side on progress toward resuming talks between the world’s largest econo...
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    Richard Sweeney Tops Strong Field in Massachusetts

    [Stay on top of transportation news: Get TTNews in your inbox.] A former national Grand Champion and the 2018 Grand Champion won their categories at the Massachusetts Truck Driving Championships June 2 in North Andover, but Richard Sweeney of XPO Logistics took the 2019 Grand Champion title, winning in Tank Truck. The 2019 National Truck Driving...
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    USDA General Counsel Opinion: States Can’t Prohibit Hemp Transportation

    While states and American Indian tribes currently can regulate the lawful production and sale of hemp under a 2014 law, they may not prohibit the interstate transportation or shipment of the product grown under a program authorized by the U.S. Department of Agriculture, according to a new legal opinion issued by USDA’s general counsel. Stephen Vade...
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    Louisiana’s Autonomous Truck Rules Will Take Effect Aug. 1

    [Stay on top of transportation news: Get TTNews in your inbox.] Louisiana’s recently approved regulations for autonomous commercial motor vehicles will take effect Aug. 1. The law, signed by Gov. John Bel Edwards in June, establishes operational parameters and reporting requirements for autonomous trucks and their drivers. The legislation defines a...
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    China Warns US Tariffs Will ‘Escalate Trade Friction’

    [Stay on top of transportation news: Get TTNews in your inbox.] BEIJING — China appealed to Washington on Aug. 22 to “meet each other halfway” and settle a trade war instead of going ahead with planned tariff hikes that Beijing warned will trigger retaliation. Exporters are preparing for a Sept. 1 increase in U.S. duties...
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    Analysts Make Threatened Tariff Hikes Baseline of Economic Forecasts

    After months of predicting a trade deal between the world’s largest economies, economists at some of the biggest financial institutions are growing increasingly pessimistic. Goldman Sachs Group Inc., Nomura Holdings Inc. and JPMorgan Chase and Co. are among those that have rewritten their forecasts as President Donald Trump threatens to impose a 25...
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    Powell Says Economy in Favorable Place, Faces Significant Risks

    [Stay on top of transportation news: Get TTNews in your inbox.] Federal Reserve Chairman Jerome Powell said the U.S. economy is in a favorable place but faces “significant risks” as growth abroad slows amid trade uncertainty. “Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital...
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