Transportation
U.S. Spot Freight Rates, Availability Continue Lull
BEAVERTON, OR -- The availability of truckload freight on the U.S. spot market hit a lull during the week ending July 18, according to DAT Solutions, which operates the DAT network of load boards, leading to a decline in load-to-truck ratios and rates across all three equipment types and at their lowest points in at least the past four weeks.
Mullen Group’s Second Quarter Profit Plummets
OKOTOKS, AB -- Mullen Group Ltd. has reported a huge drop in its second quarter profit as business in Canada's energy industry has also sunk. The trucking and related oilfield services transportation provider said net income totaled $0.9 million or $0.01 per share, a decrease 96.5 percent compared to the same time a year ago.
UPS Goes All In with Collision Mitigation Technology
NORWALK, OH -- The operator of the largest truck fleet in North America said it will make collision mitigation technology standard equipment on every new Class 8 tractor the company orders. UPS Inc. said during a special event this week in Ohio that each of the more than 2,600 new Class 8 tractors that it takes delivery of this year will feature the system from Bendix Commercial Vehicle Systems, which alerts drivers to moving and stationary objects in front of the tractor and moving objects surrounding the vehicle.
Game Over! Canada Beats U.S. in Truck Safety Blitz
GREENBELT, MD - Just released figures from a previously unannounced one-day truck safety crackdown show inspectors in Canada found a fewer percentage of problems than in the U.S. According to results released Wednesday by the Commercial Vehicle Safety Alliance (CVSA), which certifies truck inspectors, more than 6,300 trucks and buses were checked on May 6 in 32 Canadian provinces and U.S. states, along with Puerto Rico, as part of its Operation Airbrake. Overall, nine percent of the more than 6,000 vehicles inspected were placed out of service (OOS) for out of adjustment brakes, an improvement from last year's rate of 9.5 percent. However, in Canada this rate was just four percent compared to 11.3 percent for the U.S.
