Industry News

But those sales are still a major variable for profitability at Ryder and were cited as a key boost to its strong first quarter performance. For the second quarter, that used vehicles sales net number was negative $7 million, which is a positive to the company’s costs; it was plus $2 million a year ago. In the first quarter, when the used vehicle sales were highlighted by the company as a driver of performance, it was negative $12 million.

At the heart of this shift is AI, which helps companies identify risks earlier, coach drivers more effectively, and identify unsafe behaviors before accidents occur. Predictive capabilities allow fleet managers to prioritize their resources more effectively, and to focus coaching and intervention efforts with drivers most likely to experience a crash. Driver coaching is one of the most important parts of fleet safety, but traditional coaching methods often focus too heavily on individual events.

Commercial vehicle enforcement agencies in Maryland, Florida, Kentucky and Illinois are stepping up roadside inspections and traffic enforcement, uncovering hundreds of equipment, driver and safety violations and placing scores of trucks and drivers out of service. The recent actions are part of a broader push by state and federal regulators to improve commercial vehicle safety by targeting driver qualifications, vehicle maintenance, speeding, hazardous materials transportation and compliance with Federal Motor Carrier Safety Regulations. Officers identified 587 commercial vehicle violations and placed 92 vehicles out of service.

Shares of Penske Automotive Group soared Wednesday in response to a takeover bid from the the company’s current two biggest owners. Mitsui & Co. (U.S.A), which owns about 20.3% of Penske Automotive, and Penske Corporation, a privately-held company that owns about 52% of Penske Automotive, announced the bid to acquire the approximately 27.8% of Penske Automotive they do not already own. At approximately 1 p.m., Penske Automotive(NYSE: PAG) was up 10.32% to $215.34.

Einride AB now says it has a plan to close that gap. Flipturn will further strengthen Einride’s software layer for electric heavy-duty freight optimization and improve our customer offering by adding more cost efficient, more reliable, and accessible charging to our customers,” said Roozbeh Charli, chief executive officer of Einride. Flipturn, for its part, serves Fortune 500 companies, major fleet and charging operators, and commercial property owners across North America, customers that Einride says will keep working with the same team after the deal closes.

Revenue of $2.1 billion was 13% higher y/y (up 6% y/y excluding fuel surcharges) and ahead of the $2.04 billion consensus estimate. Knight-Swift issued third-quarter adjusted EPS guidance of 71 to 77 cents, which was better than the 71-cent consensus estimate at the time of the print. Shipments per day were down 4% in the quarter, but weight per shipment was up 8%.

A Houston commercial truck driver has pleaded guilty to transporting 24 undocumented immigrants inside a tractor-trailer after claiming he was hauling a load of carrots, according to federal prosecutors. Rodney William Gipson, 61, admitted he knowingly, or with reckless disregard, transported the undocumented immigrants despite having nearly 30 years of experience as a commercial truck driver, the U.S. Attorney’s Office for the Southern District of Texas said.

A Maersk fulfillment facility. The carrier continues to expand its end-to-end logistics capabilities through a new fulfillment hub for one of its large e-commerce customers. Maersk is set to open a 617,000-square-foot fulfillment hub near Boston to serve a single large-scale e-commerce customer, according to a July 15 press release.