PACCAR reports record revenues of $35B, net income of $5B in 2023
BELLEVUE, Wash. — PACCAR achieved record-breaking annual revenues and net income for 2023, said company CEO Preston Feight in a Jan. 23, 2024, release. PACCAR
John Worthen
- About John Worthen
- Born in Pine Bluff, Arkansas, and raised in East Texas, John Worthen returned to his home state to attend college in 1998 and decided to make his life in The Natural State. Worthen is a 20-year veteran of the journalism industry and has covered just about every topic there is. He has a passion for writing and telling stories. He has worked as a beat reporter and bureau chief for a statewide newspaper and as managing editor of a regional newspaper in Arkansas. Additionally, Worthen has been a prolific freelance journalist for two decades, and has been published in several travel magazines and on travel websites.
Posts by John Worthen
ATA tonnage index shows 2023 as ‘worst year since 2020’
WASHINGTON — While the American Trucking Associations’ For-Hire Truck Tonnage Index rose slightly in December 2023, the year overall saw a drop of 1.7% for the
Volvo launches the all-new VNL
GREENSBORO, N.C. — During a virtual press conference Jan. 23, Volvo Trucks North America announced the launch of a completely reimagined Volvo VNL. The OEM
End of 2023 saw seasonally weak Class 8 tractor orders
COLUMBUS, Ind. — Final December Class 8 net orders, at 26,352 units, were down 14% year-over-year. Within that top line, tractor orders were down 31%,
Spot rates soar as winter slams the nation
BLOOMINGTON, Ind. — Extreme cold and other severe winter conditions likely were the cause of a jump in broker-posted rates in the Truckstop system during
US diesel averages trending down
LITTLE ROCK, Ark. — Average U.S. diesel prices are down in the latest numbers provided by the Energy Information Administration (EIA). As of Jan. 22,
Trucking company tops toll scofflaws’ list in New York, New Jersey
TRENTON, N.J. — A New Jersey-based trucking company tops the Port Authority of New York and New Jersey’s list of toll evaders. According to a
Viral video shows big rig flying off I-30 bridge in Texas
ROYSE CITY, Texas — A truck driver survived a harrowing ride off of an Interstate 30 bridge near Dallas. In a video that has now
FMCSA Administrator Robin Hutcheson resigns
WASHINGTON — Robin Hutcheson, administrator of the Federal Motor Carrier Safety Administration (FMCSA) is resigning from the agency, effective Jan. 26, 2024. Following her departure,
Soft demand cools LTL, keeps truckload rates flat, new freight report says
ATLANTA — In their Q1 2024 Freight Index report, third-party logistics provider AFS Logistics and TD Cowen report that less-than-truckload (LTL) rates are expected to
Love’s now offers exclusive repair service for Freightliner
OKLAHOMA CITY — Freightliner drivers have a new service option for light repair work thanks to Love’s Truck Stops. According to a news release, the nation’s
Several states issue CMV waivers due to winter weather
DENVER — So far, nine states have issued hours of service waivers due to severe winter weather. In Colorado, Indiana, Kentucky and Nebraska, governors have
ACT Research: Freight cycle poised for new stage in ’24
COLUMBUS, Ind. — The nation’s freight cycle fundamentals will improve in 2024, according to the latest release of the Freight Forecast, U.S. Rate and Volume
US diesel averages see slight uptick
LITTLE ROCK, Ark. — Average U.S. diesel fuel prices have risen at a time when the nation is in the grips of a major winter
Haslam family sells remaining shares of Pilot Travel Centers
KNOXVILLE, Tenn. — Pilot Corporation has closed the sale of its remaining 20% interest in Pilot Travel Centers LLC to Berkshire Hathaway Inc. The Haslam Family
Used truck market ended 2023 on positive note
COLUMBUS, Ind. – Preliminary Class 8 same dealer used truck retail sales volumes jumped 22% month-over-month in December, significantly more than normal seasonality would suggest,
December net trailer orders include more than 24K units
COLUMBUS, Ind. — December’s preliminary net trailer orders increased nominally from November to December, according to ACT Research. However, at 24,300 units, orders were lower
Truck driver sentenced to 12 months for crash that killed New Hampshire trooper
HARTFORD, Conn. — A Connecticut truck driver will serve at least 12 months behind bars after pleading guilty to charges Friday, Jan. 15, related to
New York, Pennsylvania announce CMV travel bans due to winter weather
ALBANY, N.Y. — New York has issued a ban on on empty trucks/trailers and all tandem trucks beginning at 9 a.m. Saturday on the following
2024 WIT Index Survey Now Open
“If you cannot measure it, you cannot improve it” is a notable quotable within the business world — and it’s so relevant when it comes