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Latest News
How Fleets Evaluate Advanced Driver Assistance Systems
The transportation industry is experiencing a shift towards greater adoption of advanced driver assistance systems (ADAS), driven by regulatory initia...
Bustling California Ports to Close 2024 With Record Volumes
The Port of Los Angeles is poised for its busiest December on record, with expectations to exceed 900,000 twenty-foot equivalent units (TEUs) and reac...
Chris Purcell Wins Grand Champion Title at Rush Skills Rodeo
Chris Purcell has won the Grand Champion title for the second time at the Rush Enterprises Tech Skills Rodeo, previously claiming the top spot in 2021...
LNG Exporter Venture Global Files for IPO
Venture Global Inc., a major U.S. liquefied natural gas (LNG) supplier, has announced plans for a significant initial public offering (IPO) in 2025, p...
Hyzon to Begin Layoffs in February Without More Funds, Buyer
Hyzon, a manufacturer of hydrogen fuel cell electric trucks based in Bolingbrook, Illinois, is anticipating layoffs starting in February unless it can...
Trailer Orders Slip 4% Year Over Year in November
In November, U.S. trailer orders continued to show a downturn compared to the previous year, decreasing by 4% to 20,500 units. However, this figure re...
Volkswagen Purchases Stake in Lithium Firm for $48 Million
Volkswagen Group has committed C$69 million ($48.1 million) to acquire a 9.9% stake in lithium mining company Patriot Battery Metals. This investment ...
Fleets’ Fuel Efficiency Rose in 2023, 2022: NACFE Study
The North American Council for Freight Efficiency (NACFE) reports that fuel efficiency in the freight industry is improving after years of stagnation....
Several States Targeted Predatory Towing in 2024
New legislation aimed at addressing predatory towing practices has been enacted in several U.S. states, including Colorado, Florida, Mississippi, Tenn...
FedEx Details Planned Changes During Q2 2025 Earnings
FedEx Corp. has reported a decline in net income and a slight dip in revenue for its fiscal second quarter of 2025. The company announced a net income...
FedEx Freight Spinoff to Create Largest LTL Carrier
FedEx Corp. has announced plans to spin off its FedEx Freight unit into a standalone company, aiming to create the largest publicly traded less-than-t...
Costco Profit Beats Estimates on Healthy Consumer Spending
Costco Wholesale Corp. has reported a quarterly profit exceeding expectations, reflecting its resilience amid tighter consumer spending. The retailer'...
Estes, R+L Carriers Affiliate Buy More Ex-Yellow Terminals
Estes Express Lines and Ramar Land Corp., an affiliate of R+L Carriers, have agreed to purchase eight terminal properties and four leased sites from t...
Aurora Opens Lidar Testing Facility in Montana
Aurora Innovation has established a 78,000-square-foot office and testing facility in Bozeman, Montana, on December 12. Situated within Montana State ...
Survey: EV Reliability Improves but Still Lags Gas models
Electric vehicles (EVs) and plug-in hybrids have shown notable improvements in reliability, as highlighted by a recent Consumer Reports survey. While ...
Trucking Demand and Capacity Edge Closer to Equilibrium
The trucking industry is currently experiencing a gradual rebalancing of freight demand and capacity following significant disruptions caused by the C...
Pony AI Raises $413M, Shares Surge in Nasdaq Debut
Pony AI Inc., a Chinese autonomous driving startup, experienced a significant rise in its American depositary shares (ADS), with a 19% increase follow...
NMFTA’s LTL Freight Classification Updates Coming July 2025
The National Motor Freight Traffic Association (NMFTA) has announced the rescheduled launch date of its improved less-than-truckload (LTL) freight cla...
Walmart Outshines Rivals With High Employee Bonuses
Walmart is experiencing a record increase in corporate employee bonuses, expected to reach up to 120% of target levels, buoyed by soaring stock prices...
Northvolt CEO Peter Carlsson Quits After Bankruptcy Filing
Peter Carlsson, the CEO and co-founder of Northvolt AB, has announced his resignation as the company undergoes a restructuring process while in Chapte...
Bosch to Cut 5,500 Jobs as Auto Industry Slump Deepens
Robert Bosch GmbH, the leading global automotive supplier by revenue, has announced plans to eliminate 5,500 jobs worldwide, with approximately 3,800 ...
TMS Products for Freight Brokerages Focus on Efficiency
Transportation management systems (TMS) are being tailored specifically to mitigate challenges faced by freight brokers, who must balance the needs of...
How AI Is Shaping the Next Generation of TMS Development
Transportation management systems (TMS) are increasingly incorporating artificial intelligence (AI) to enhance automation, decision-making, and custom...
TMS Software Providers Tailor Offerings to Meet Fleets' Needs
In the freight transportation sector, companies operate under diverse conditions and requirements, meaning their transportation management systems (TM...
October Trailer Orders Drop 52% From Last Year
In October, U.S. trailer orders fell significantly year-over-year, with a reported decrease of 52%, totaling 16,900 units. However, there was a notice...
Uber Said to Be in Talks to Invest in US IPO of Pony AI
Uber Technologies Inc. is planning to invest over $10 million in the initial public offering (IPO) of Pony AI Inc., the autonomous driving company. Th...
Judge Warns of Pitfalls in American Tire’s Bankruptcy Plan
American Tire Distributors Inc. (ATD), an automotive parts distributor with backing from private equity firms, is facing significant challenges in its...
Commercial Ops Debut Coming Fast for VNL Autonomous Truck
Volvo Autonomous Solutions (VAS) and Aurora Innovation are on the verge of launching commercial operations for their factory-built autonomous Class 8 ...
Volvo’s Voorhoeve: Customer Service Integral to Company
Volvo Trucks North America, led by President Peter Voorhoeve, is evolving its approach to customer support and technological integration as it prepare...
Legendary Trucker Gene England of C.R. England Dies
Gene England, a notable figure in the trucking industry and a World War II veteran, passed away at the age of 105. He worked alongside his brother and...
Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO
Pony.ai Inc. aims to raise up to $195 million from its initial public offering in the U.S., with a proposed price range for its American depositary sh...
General Motors Lays Off About 1,000 Workers
General Motors is laying off around 1,000 workers globally, primarily in white-collar positions, as part of a cost-cutting strategy to enhance its com...
J.B. Hunt Promotes Trio of Executives
J.B. Hunt Transport Services has made significant changes in its executive leadership, appointing Nick Hobbs as president of Highway and Final Mile Se...
SmithCo Develops Kingpin Housing for Side-Dump Trailers
SmithCo Inc. has created a new kingpin housing designed for its side-dump trailers aimed at enhancing durability and cutting maintenance costs. Tradit...
Uber Freight Launches Capacity-as-a-Service Solution
Uber Freight has introduced Broker Access, a new program that enables freight brokers to book and manage loads within its carrier network without surr...
Mack to Launch New Flagship Semi in 2025
Mack Trucks has announced plans to launch a new on-highway semi-truck in 2025, potentially signaling a significant shift in its product lineup. While ...
Rivian Sticks to Q4 Profit Goal Despite Production Setback
Rivian Automotive Inc. reported it expects to achieve a positive gross profit in the upcoming fourth quarter, despite facing a supply chain issue that...
Nikola Leads Field in Hydrogen Fuel Cell EV Deployment
The development of hydrogen fuel cell electric vehicles (FCEVs) for the long-haul freight sector in North America is progressing slowly, facing signif...
Ocean, Airfreight Volumes Falter in Rocky 2023
In 2023, North American ports continued to experience a decline in containerized cargo volumes that began in 2022, resulting in many major ports repor...
Stellantis Pauses Production at Detroit Assembly Complex
Stellantis NV has significantly reduced vehicle production and laid off workers in the U.S., particularly at its Detroit Assembly Complex, where SUVs ...
Stellantis Revenue Falls 27% in Q3
Stellantis NV experienced a significant decline in third-quarter revenue, reporting a 27% drop to 33 billion euros, which fell short of analyst expect...
Ford to Halt F-150 Lightning Production as EV Demand Wanes
Ford Motor Co. is planning to shut down its Dearborn factory, where the F-150 Lightning electric pickup truck is produced, for a seven-week period sta...
ArcBest Reports 187% Rise in Earnings for Third Quarter
ArcBest Corp. reported a significant earnings increase of 187% in the third quarter of 2024, achieving net income of $100.3 million, despite a 5.8% de...
Tesla Targets Full Semi Production by End of 2026
Tesla plans to ramp up production of its Semi Class 8 tractor to full capacity by the end of 2026. The company aims to produce 50,000 units annually f...
VW’s Scout Motors Adds New Hybrid Models
Volkswagen is reviving the classic Scout brand with its new line of Scout battery-powered SUVs and trucks, including the Traveler SUV and Terra pickup...
Waymo Closes $5.6 Billion Funding Round
Waymo, the self-driving unit of Alphabet Inc., successfully raised $5.6 billion in its largest funding round to date, led by its parent company with c...
Anchorage’s International Airport Adds 5 Carriers
Ted Stevens Anchorage International Airport has welcomed five new international cargo carriers, enhancing its status as a key hub for global air freig...
Mack Trucks Brings All Cab Assembly In-House
Volvo Group recently finalized a $40 million acquisition of Commercial Vehicle Group's cab assembly operations in Kings Mountain, N.C. This move conso...
Samsara Releases AI-Enabled Drowsy Driving Detection
Samsara has introduced a Drowsiness Detection feature that utilizes artificial intelligence to identify and mitigate drowsy driving in real time. This...
German Shipping Giant Hapag-Lloyd Posts Higher Profits
Hapag-Lloyd, a major German shipping company, has increased its profit forecast for the current financial year due to a surge in freight rates. Prelim...
Saia Reports Q3 Revenue Growth Amid Network Expansion
Saia Inc., a less-than-truckload (LTL) carrier based in Johns Creek, Georgia, reported record third-quarter revenue of $842.1 million, marking an 8.6%...
ATA Truck Tonnage Drops 2.1% in September After Gains
Recent data from the American Trucking Associations indicates a decline in freight tonnage, breaking a two-month streak of increases. The ATA For-Hire...
General Motors Posts Q3 Profit of $3 Billion
General Motors (GM) reported a third-quarter profit of $3 billion, slightly down from the previous year, despite a 2.2% decline in overall U.S. sales....
Stellantis Sees Ram Sales Rebound as Inventories Shrink
Stellantis NV’s Ram brand is experiencing a significant sales boost in October, with a reported increase of 35% to 40% due to raised incentives aimed ...
Norfolk Southern Tops Third-Quarter Expectations
Norfolk Southern reported robust earnings last quarter, achieving $1.1 billion in profits, equating to $4.85 per share. This performance was bolstered...
Walmart Challenges Amazon With Prescription Delivery
Walmart is introducing a new service that will allow customers in the U.S. to receive their prescriptions delivered to their homes in as little as 30 ...
Truckload Expansion Lifts TFI International’s Q3 Results
TFI International has reported a strong financial performance for the third quarter of 2024, achieving a 14.3% increase in total revenue to $2.18 bill...
Auto Supplier Dana Exploring Sale of Off-Highway Unit
Dana Inc., based in Maumee, Ohio, is considering selling its off-highway business due to a slowdown in demand in critical markets. The company is in t...
Northvolt Close to $300M Deal to Address Cash Flow Issues
Northvolt AB is negotiating a $300 million rescue package to address its financial struggles as it works to stabilize production and seek long-term fu...
J.B. Hunt Q3 Profit Beats Expectations, Boosts Share Price
In the third quarter of 2024, J.B. Hunt Transport Services reported a profit of $152.1 million, marking an 18.8% decline year-over-year but exceeding ...
September Medium-Duty Truck Sales Fall 9.4% Year on Year
U.S. retail sales of medium-duty trucks saw a significant decline in September, particularly within Classes 4 to 6, which experienced double-digit per...
Deere Cuts 300 Jobs as Farm Equipment Sales Decline
Deere & Co. is laying off nearly 300 workers across its facilities in Iowa and Illinois due to a decline in demand for farm equipment, which has been ...
Housing Starts Fall as Multifamily Projects Tumble
In September, U.S. housing starts experienced a slight decline of 0.5%, totaling an annualized rate of 1.35 million, influenced predominantly by a dec...
Study: Tighter Intermodal Chassis Regulation Enforcement Needed
The recently published study by the National Academies of Sciences, Engineering, and Medicine suggests that rather than implementing new policy change...
Volvo Q3 Profit Falls 28.5% on Market Downturn, Mack Issues
Volvo Group reported a significant 28.5% drop in profits for the third quarter of 2024, largely due to a decline in demand for trucks in both Europe a...
September Class 8 Retail Sales Fall 1.9% Year Over Year
In September 2024, U.S. Class 8 truck retail sales continued to decline year-over-year for the second month in a row and the eighth time out of the pa...
NMFTA Launches Benchmarking Program for LTL Industry
Less-than-truckload (LTL) carriers are collaborating to enhance operational efficiency through a new benchmarking initiative facilitated by the Nation...
Truck Parts Maker Accuride Files for Chapter 11 Bankruptcy
Accuride Corp., a manufacturer of commercial truck parts, has filed for Chapter 11 bankruptcy due to severe cash flow issues amidst a slump in the U.S...
MCE 2024 to Showcase Trucking’s Importance
The American Trucking Associations (ATA) is emphasizing the critical role of professional drivers during its 2024 Management Conference & Exhibition (...
International Q3 Sales Jump 41% as OEM Clears Backlog
International Motors, formerly known as Navistar, reported a significant surge in vehicle sales for the third quarter of 2024, with 31,500 units sold,...
GXO Considering Sale Amid Interest From Potential Buyers
GXO Logistics Inc., which separated from XPO Inc. in 2021, is considering a potential sale and is currently consulting with financial advisers. Intere...
Morgan Stanley Warns US Cars Are Too Expensive
Shares of General Motors and Ford experienced significant declines following a warning from Morgan Stanley analyst Adam Jonas about the unaffordabilit...
Online Holiday Spending Projected to Rise 8.4%
U.S. shoppers are expected to spend $240.8 billion online during the 2023 holiday season, reflecting an 8.4% increase from the previous year, boosted ...
McLeod Previews AI Capabilities Amid Freight Rate Challenges
The CEO of McLeod Software, Tom McLeod, addressed challenges in the trucking industry during the company's 2024 user conference in Charlotte, North Ca...
Navistar to Rebrand as International Motors
Navistar Inc., the parent company of International Truck and IC Bus, will be rebranding itself as International Motors effective October 1. This chang...
Love’s to Start Taking Payment Through Relay Digital Network
Love’s Travel Stops has partnered with Relay Payments to allow fuel payments via Relay's digital system at over 2,200 truck stops across the U.S. This...
CRST Selects New Group President
CRST has appointed Bill Clement as the new group president and chief strategy officer, effective September 19. In this role, Clement will collaborate ...
OEMs Form Consortium to Standardize EV Truck Charging
A consortium of original equipment manufacturers (OEMs) led by Navistar and Volvo is addressing the challenges of electric vehicle charging. Navtej Si...
Stellantis Eyes Leadership Change as US Sales Decline
Stellantis NV Chairman John Elkann has initiated a search for a successor to CEO Carlos Tavares, whose contract concludes in early 2026, as part of ro...
J.B. Hunt to Test RNG-Fueled Peterbilt 579-X15N Combo
J.B. Hunt Transport Services is set to test a 2025 Peterbilt 579 tractor powered by the new Cummins X15N natural gas engine, which operates on renewab...
Diesel Prices Inch Up Across US After 10-Week Decline
Last week, diesel fuel prices in the United States saw a slight increase of 1.3 cents, bringing the national average to $3.539 per gallon. This halted...
US Trailer Orders Drop 40% Year Over Year in August
U.S. trailer orders continued their decline for the fourth consecutive month in August, dropping 40% year over year to 7,700 units, although there was...
FedEx Cuts Forecast After Tough Quarter for Deliveries
FedEx Corp. has revised its profit outlook downward for the fiscal year and reported lower-than-expected quarterly earnings, primarily due to reduced ...
ATA Honors Professional Drivers During Weeklong Celebration
At an event near the U.S. Capitol in conjunction with National Truck Driver Appreciation Week, professional truck drivers highlighted their essential ...
Medium-Duty Truck Sales Dip 1% in August Year Over Year
In August, U.S. retail sales of medium-duty trucks (Classes 4-7) showed a slight year-over-year decline of 1%, with total sales reaching 22,797 units ...
Apollo Inks $1 Billion Deal With BP for Stake in Gas Link
Apollo Global Management has reached an agreement to invest $1 billion in BP by acquiring a non-controlling interest in a subsidiary managing a 20% st...
Idea Leads to EV Charger Maintenance Business
Kameale Terry, who grew up in South Central Los Angeles, co-founded the company ChargerHelp! in 2020 to address the growing need for maintenance in th...
Platform Science to Acquire Trimble’s Fleet Telematics Units
Platform Science is set to acquire Trimble’s global fleet telematics units, which will enhance its in-cab commercial vehicle technology. This strategi...
PepsiCo, Maersk, Others Team Up on Electric Truck Pilot
A coalition comprising Microsoft, PepsiCo, Maersk, DB Schenker, and AIT Worldwide is leading an initiative to electrify the Interstate 10 trucking cor...
Trimble Unveils New Tools to Boost Fleet Safety, Efficiency
Transportation technology provider Trimble has launched several new products and updates at its 2024 Insight Tech Conference, aimed at enhancing opera...
New Norfolk Southern CEO Calls Last 18 Months ‘Brutal’
Norfolk Southern Corp.'s new CEO, Mark George, is seeking to lead the company into a new chapter following an intensely challenging 18 months marked b...
Port of Long Beach Hits 113-Year High in Cargo for August
The Port of Long Beach recorded a historic cargo volume in August, continuing a trend of record-breaking months. In a briefing, port CEO Mario Cordero...
Uber to Launch Driverless Rides With Waymo in Austin, Atlanta
Uber Technologies Inc. will become the exclusive operator of driverless rides using Waymo's autonomous vehicles in Austin and Atlanta, marking a signi...
Ex-Yellow CEO to Lead Intermodal Chassis Pool Operator
Darren Hawkins, previously the CEO of the now-bankrupt Yellow Corp., is set to lead the North American Chassis Pool Cooperative (NACPC) as president b...
DSV Buys DB Schenker for $15.9B, Creating Logistics Giant
Danish logistics firm DSV A/S is set to acquire DB Schenker, a division of Deutsche Bahn AG, in a significant $15.9 billion cash deal, positioning DSV...
August US Class 8 Retail Sales Fall 11.4% Year Over Year
In August, U.S. retail sales for Class 8 trucks experienced a notable decline both year-over-year and month-over-month, reflecting a return to previou...
ATRI Finds Truck Drivers Detained on 39% of Deliveries
Driver detention in the trucking industry remains a significant challenge, as highlighted by a recent survey from the American Transportation Research...
DSV Reported to Be in Advanced Talks to Buy DB Schenker
DSV A/S is in negotiations to acquire DB Schenker, a logistics unit of Deutsche Bahn AG, in a deal valued at around 14 billion euros. This acquisition...
Ex-Yellow CEO Joins Intermodal Chassis Pool Operator
Darren Hawkins, the former CEO of Yellow Corp., has been appointed as president of the North American Chassis Pool Cooperative (NACPC), with plans to ...
UPS to Acquire German Cold Chain Company
UPS is set to acquire the German firms Frigo-Trans and BPL, aiming to enhance its health care logistics capabilities in Europe, particularly for tempe...
Trailer Demand Prospects Dim Further as FTR Cuts Forecast
U.S. trailer manufacturers are facing declining demand, as highlighted by Dan Moyer of FTR Transportation Intelligence at the FTR Transportation Confe...
Norfolk Southern Probes Alleged Potential Misconduct by CEO
Norfolk Southern Corp. has initiated an investigation into allegations of misconduct involving CEO Alan Shaw, who is accused of being part of an inapp...
FTR: Class 8 Truck Production Outpacing Expectations
North American Class 8 truck production is exceeding expectations, according to Dan Moyer, a senior analyst at FTR Transportation Intelligence. The fo...
Class 8 Truck Orders Drop 16% Year Over Year in August
North American Class 8 truck orders experienced a decline in August, dropping 16% year-over-year to 16,400 units, although there was a slight increase...
Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal
Yellow Corp. has filed a final Chapter 11 plan detailing how it will repay creditors and manage its remaining assets following its bankruptcy. The cou...
Intel Is Exploring Sale of Part of Stake in Mobileye
Intel Corp. is re-evaluating its significant stake in Mobileye Global Inc., amid the latter's declining stock prices, which recently hit a record low ...
Intel Is Exploring Sale of Part of Stake in Mobileye
Intel Corp. is evaluating options regarding its significant stake in Mobileye Global Inc., which has seen its shares decline sharply to a record low. ...
Truck Driver Pay Weathers Weaker Freight Conditions
The trucking industry has experienced an increase in driver pay in 2023, despite a freight market downturn. The American Trucking Associations (ATA) r...
Global Goods Trade Recovery Extends Into Q3, WTO Says
The World Trade Organization (WTO) has reported a recovery in global merchandise trade, highlighted by the rise of its goods barometer to 103, surpass...
ChargePoint Restructures Workforce Amid Revenue Challenges
ChargePoint Holdings, which operates the largest electric vehicle charging network in the United States, is planning to reduce its workforce by 15% af...
Volvo to Launch Battery-Electric Truck With Longer Range
Volvo Trucks announced plans to enhance the range of its FH Electric truck to approximately 372 miles per charge, up from the current maximum of 300 m...
Daimler Truck Promotes Karin Rådström to CEO
Daimler Truck has appointed Karin Rådström as its new CEO starting October 1, 2024, succeeding Martin Daum. Rådström, who joined Daimler in 2021, has ...
Trucking Technology Connects the Dots for Carriers
Fleet managers increasingly leverage connected truck technologies, fueled by the Internet of Things and artificial intelligence, to enhance efficiency...
Truck Driver Pay Drops 7.4% in Q2 as Freight Keeps Slumping, Reports Say
The trucking industry is facing a notable decline in driver compensation, with recent reports indicating a decrease in average weekly pay for both com...
Connected Trucks Go Mainstream
Connected truck technologies, including remote diagnostics and over-the-air updates, are becoming integral to truck design as manufacturers adopt adva...
Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions
Shell Plc plans to reduce its workforce by around 20% in certain oil and gas exploration and development sectors as part of an initiative led by CEO W...
Uber Invests in Self-Driving Software Firm Wayve
Uber Technologies is investing in Wayve Technologies, a UK-based company specializing in autonomous driving software, as part of its strategy to partn...
July Port Container Volumes Jump Amid Early Holiday Season
U.S. ports have seen significant increases in cargo volumes, primarily due to an earlier peak shipping season characterized by the influx of school su...
Truck Driver Pay Drops 7.4% in Q2 as Freight Keeps Slumping
The trucking industry is facing a decline in driver compensation, with company drivers experiencing a 7.4% drop in average weekly pay, now at $1,602, ...
Kenan Advantage Group Acquires Chemical Transporter TransVac
Kenan Advantage Group (KAG) has acquired TransVac, a specialty transportation provider based in Abbeville, Louisiana, that specializes in transporting...
FedEx Freight’s Jackie Reed Named NTDC 2024 Grand Champion
At the 87th annual National Truck Driving Championships (NTDC) held in Indianapolis, Jackie Reed from FedEx Freight showcased remarkable skill as he n...
ATA Reports Sequential Freight Tonnage Rise for July
The trucking industry experienced a slight increase in freight tonnage in July compared to June, but there was a decrease compared to the same month l...
FMCSA’s Sue Lawless Praises Drivers’ Safety Focus
Sue Lawless, the executive director of the Federal Motor Carrier Safety Administration, expressed admiration for the skill and dedication displayed by...
NTDC Spotlight: A. Duie Pyle
At the 2024 National Truck Driving Championships in Indianapolis, drivers from A. Duie Pyle gathered to showcase their skills and camaraderie. Those p...
45 Finalists Announced at NTDC
The National Truck Driving Championships recently announced its 45 finalists, who will compete for national titles in various vehicle classes at the I...
Ford Scraps Electric SUV, Boosts Hybrid Production
Ford Motor Co. has announced a significant shift in its electric vehicle (EV) strategy, which includes canceling plans for a fully electric three-row ...
Port Traffic Booms Despite Recession Fears
The port complex of Los Angeles and Long Beach is experiencing significant import activity, approaching the record highs seen during the pandemic, pri...
Nation's Top Truckers Gathering in Indy for Safety Showcase
David Price from FedEx Freight won the best-in-show blue ribbon at Virginia's trucking championship and is competing in the upcoming National Truck Dr...
XPO Explores Sale of European Transportation Business
XPO Inc. is in the process of potentially selling its European transportation division after previously halting a similar attempt nearly two years ago...
Walmart Boosts Outlook for 2024
Walmart has reported strong quarterly earnings, indicating that its low prices are attracting consumers who are feeling the pinch of rising costs. For...
In a Surprise, Deere Keeps Outlook Despite Weak Market
Deere & Co. has kept its annual profit outlook steady at around $7 billion despite a challenging agricultural market. The company, a leading manufactu...
Uber Freight Launches Major Shipping Platform Update
Uber Freight has announced a major upgrade to its freight quoting and booking platform, Uber Freight Shipping, building on its initial launch in 2018....
Westport Posts Slight Revenue Decline Amid Restructuring
Westport Fuel Systems reported a slight revenue decline of 2% in the second quarter of 2024, totaling $83.4 million, while posting a net income of $5....
FedEx Freight’s Light Conquers Pennsylvania
Mike Light, a FedEx Freight driver from Pennsylvania, has dedicated significant effort in preparation for the upcoming National Truck Driving Champion...
Medium-Duty Truck Sales Rebound After Two-Month Decline
In July, U.S. retail sales of medium-duty trucks (Classes 4-7) saw a year-over-year increase of 6%, totaling 20,792 units sold, compared to 19,618 in ...
Class 8 Truck Sales End Nearly a Year of Declines
U.S. Class 8 truck sales saw a slight increase in July, breaking an 11-month streak of year-over-year declines. Sales for the month rose by 1.8% to 21...
Cargill Revenue Down as Trader Struggles With Profit Targets
Cargill Inc. experienced a significant revenue decline of nearly 10% over the past fiscal year, dropping from approximately $177 billion to $160 billi...
ChargePoint Deploys New Plugs To Fit Teslas and Non-Teslas
ChargePoint Holdings has announced the launch of the Omni Port, a universal charging plug designed to accommodate the most common electric vehicle (EV...
Occidental Raises Production on CrownRock Acquisition
Occidental Petroleum Corp. has announced an increase in its production and capital spending plans following its recent $10.8 billion acquisition of Cr...
Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition
Forward Air Corp. reported significant growth in revenue for the second quarter, largely attributed to its January acquisition of Omni Logistics. The ...
Class 8 Truck Orders Stumble Again in July
In July, North American Class 8 truck orders declined for the second consecutive month, dropping 13% year-over-year to 13,400 units, and 8% from the p...
Amazon Tests Speedy Delivery Service Featuring Kia Souls
Amazon.com Inc. has introduced a new strategy for its same-day delivery services by utilizing Kia Souls, marking a shift from relying predominantly on...
7-Eleven Targets 500 Locations For Diesel Network Expansion
7-Eleven has announced an expansion of its diesel refueling network, 7Fleet, which aims to grow from 375 locations in 26 states to 500 by 2025. This n...
GXO Logistics Reports 19% Revenue Surge in Q2 2024
GXO Logistics reported a 19% increase in revenue for Q2 of 2024, reaching $2.85 billion, although net income fell to $39 million, down from $66 millio...
ArcBest Q2 Profit Climbs on LTL Margin, Price Increase
In the second quarter of 2024, ArcBest saw a 16.1% increase in net income year-over-year, totaling $46.9 million, despite a 2.35% decrease in overall ...
Lucid Gains After EV Maker Secures $1.5 Billion Lifeline
Lucid Group is set to receive a substantial cash boost of up to $1.5 billion from an affiliate of Saudi Arabia's Public Investment Fund, which is expe...
Road to NTDC Spotlight: Old Dominion Coming In Strong
Old Dominion Freight Line drivers Michael Wagner and Russell Beatty qualified for the National Truck Driving Championships after an impressive showing...
CSX Profit Slips Amid Baltimore Bridge Collapse Response
CSX Railroad reported a 2% decrease in second-quarter profits, totaling $963 million, which remains unchanged at 49 cents per share compared to the pr...
Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls
Schneider National experienced a significant decline in profit for the second quarter of 2024, reporting a 54% drop in net income to $35.3 million, do...
Toyota First-Half Sales Fall Even as Hybrids Gain in US
Toyota Motor Corp. experienced a decline in both global sales and output in the first half of 2023, with significant reductions in Japan and China ove...
Tesla Tester Nearly Crashes While Using ‘Full Self-Driving’
During recent earnings calls, Elon Musk emphasized the importance of experiencing Tesla's Full Self-Driving (FSD) system for understanding the company...
Maersk Boosts Full-Year Guidance
A.P. Moller-Maersk A/S has revised its full-year financial outlook, raising its earnings expectations to between $9 billion and $11 billion, up from a...
Future of Combustion Engines Promises Efficiency, Green Fuels
Researchers and manufacturers believe that the internal combustion engine (ICE) can extend its relevance through improved efficiency and alternative f...
Cummins Q2 Profit Rises on Higher Generator, Engine Sales
Cummins Inc. reported a modest increase in profits in Q2 2024, driven primarily by higher sales of power generators and heavy-duty truck engines. The ...
Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains
Ryder System Inc. reported increased profits and revenues for the second quarter of 2024, primarily due to better performance from its leasing and mai...
Lineage’s Shares Climb Up to 5% After Biggest IPO Since Arm
Lineage Inc., a leading temperature-controlled storage and logistics firm, successfully went public with an initial public offering (IPO) that raised ...
CMA CGM Reports Solid Volumes, Sees Rates Peaking
CMA CGM SA, the third-largest container shipping company globally, has reported a 6.8% increase in cargo volumes for the second quarter, largely drive...
TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls
TFI International is implementing cost-cutting measures in its Less-Than-Truckload (LTL) and Truckload divisions as CEO Alain Bédard views the freight...
Perspective: Using Technology to Protect Cargo From Theft
Cargo theft has seen a significant rise, particularly at distribution centers and warehouses, where the process is often subtle and involves insider p...
Gaining Driver Buy-In Is Key to Deploying Dash Cams
Fleet operators are increasingly utilizing dash cameras to enhance safety protocols, prevent accidents, and minimize risks. However, the effective imp...
Urban Delivery Hubs Present Solutions to Final-Mile Shipping
The urban delivery hub (UDH) model is emerging as a solution to reduce costs and improve efficiency in the final-mile delivery segment, known to be th...
Old Dominion Posts Third Straight Quarter of Revenue Growth
Old Dominion Freight Line has reported its third consecutive quarter of revenue growth, with a net income of $322.1 million for Q2 2024, translating t...
Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize
Knight-Swift Transportation Holdings announced on July 24 that its revenue for the second quarter of 2024 was nearly $2 billion, with a reported net i...
Daimler Truck Advances Battery-Electric Ambitions in Germany
Daimler Truck has made significant advancements in its battery-electric vehicle initiatives with the opening of a Battery Technology Center (BTC) in M...
GM’s Cruise Targets Resumption of Driverless Rides This Year
Cruise, the self-driving vehicle division of General Motors, aims to resume fully autonomous rides by the end of this year and potentially start charg...
Freight Rate Rebound Timeline Remains Muddy
The freight market is facing a period of uncertainty as industry leaders express concerns about future rates and activity, particularly as the U.S. pr...
Truck Maker Hyzon Raises Funds for Working Capital
Hyzon Motors plans to strengthen its working capital through an equity sale, aiming to sell 22.5 million shares to raise approximately $4.5 million. T...
Mercedes-Benz to Install EV Chargers at 100 Starbucks
Starbucks and Mercedes-Benz have formed a partnership to install high-power electric vehicle (EV) chargers at 100 Starbucks locations across the Unite...
Volvo Q2 Profits Jump on Price, Margin Increases
Volvo Group experienced significant year-on-year profit growth in the second quarter of 2024, driven by truck price increases and improved margins in ...
Trailer Orders Fall 19% in June to 6,300 Units
U.S. trailer orders in June fell 19% year-over-year, totaling 6,300 units, although there was a slight month-to-month increase reflected in seasonally...
Trucking Weathers Another Increase in Cargo Theft for Q2
Cargo theft has significantly risen in North America, with Verisk Analytics’ CargoNet reporting a 33% increase in the second quarter of 2024 compared ...
Alternative Powertrain Might Unlock US EV Market
EREVs (Extended-Range Electric Vehicles) are gaining popularity in China and possibly in the United States as well. These vehicles run fully on a batt...
Ford Commits $3 Billion to Boost Truck Output After EV Delay
Ford Motor Co. is investing $3 billion to produce its profitable Super Duty F-Series pickup truck in Ontario, Canada, planning to commence operations ...
Amazon Prime Day Drives Online Sales Up 11% to $14.2 Billion
Amazon's Prime Day event saw U.S. shoppers spending $14.2 billion online, up 11% from the previous year. This surge in spending was driven by discount...
Daimler Truck Takes Chinese JV Write-Down, Cites Weak Sales
Daimler Truck is facing challenges in the Asian market, leading to a significant decrease in sales for its Chinese joint venture and a subsequent writ...
Peterbilt Rolls Out SmartLINQ Prognostics Software Addition
Peterbilt has expanded the rollout of its Prognostics diagnostics software, which is designed to predict and prevent engine failures for Peterbilt tru...
NTDC Spotlight: Roland Bolduc
Roland Bolduc has become a dominant force in the National Truck Driving Championships, showcasing exceptional skills and dedication in the competition...
Tesla Delays Robotaxi Event in Blow to Musk’s Autonomy Drive
Tesla Inc. has decided to postpone its robotaxi unveiling event to October, allowing more time for the development of additional prototypes. This chan...
Industry Groups Updating ADAS Adoption Information
The transportation industry is making significant strides in updating and expanding information on advanced driver assistance systems (ADAS) to enhanc...
5 Questions: Kenneth Eggen, Wolf River Express
Kenneth Eggen, Chief Operating Officer of Wolf River Express, has extensive experience in the transportation industry, focusing on total asset managem...
Class 8 Truck Orders Take Downward Turn in June
The latest data from ACT Research shows a decline in North American Class 8 truck orders in June, breaking a three-month streak of year-over-year gain...
Truck Mirror Shortage Hinders Navistar Second-Quarter Sales
The news article reports that Navistar, a truck and bus manufacturer, experienced a 31% decline in sales in the second quarter of 2024 compared to the...
Class 8 Sales Continue Trending Below Year-Ago Period
U.S. Class 8 retail sales continued their downward trend in June, marking the 11th consecutive month of year-over-year declines. Overall sales fell by...
Yokohama Said to Hold Talks for Goodyear’s OTR Tire Business
Yokohama Rubber Co. is in advanced negotiations to acquire Goodyear Tire & Rubber Co.'s off-the-road tire business for a potential valuation of $1-1.5...
ADM Taps 3M CFO as Troubled Trader Seeks Return to Normalcy
Archer-Daniels-Midland Co. has appointed Monish Patolawala from 3M Co. as its new CFO to address the aftermath of an accounting scandal and regain tru...
Amazon Says Its Carbon Emissions Fell in 2023
Amazon.com Inc. reported a 3% decrease in carbon emissions last year, attributing the reduction to a decline in emissions related to capital goods. Th...
Report Finds Opportunities, Obstacles for Electric Vehicles
The trucking industry is experiencing a rise in opportunities for electric vehicle deployment, despite challenges that still need to be resolved. The ...
Trucking Fleets List Operational Costs as Top 2024 Priority
The trucking industry's primary concern for 2024, as highlighted by Shell Fleet Solutions and NAFA Fleet Management Association, is the total cost of ...
May Used Truck Sales Rise 18% From 2023
The transportation industry is currently experiencing a rise in used Class 8 truck sales, with an 18.1% increase in May compared to the previous year....
Sweet 15: XPO’s Sweeney Bound for NTDC Again
Richard Sweeney, a professional truck driver, recently clinched the top spot at the Massachusetts trucking championships, securing his 15th entry into...
ATRI Report: Cost of Operating a Truck Up 6.6% in 2023
The recent report by the American Transportation Research Institute highlighted that the total marginal cost of operating a truck in 2023 reached a re...
Ford F-Series Pickup Sales Fall
Ford Motor Co. experienced a drop in sales of its F-Series pickup truck in the second quarter due to a deliberate rollout of a redesigned model aimed ...
Maintenance Costs Fell in Q1, Report From Decisiv, TMC Finds
The trucking industry experienced a decrease in combined parts and labor costs during the first quarter, according to a report by American Trucking As...
CDK: ‘Substantially All’ Car Dealerships Restored After Hack
The recent cyberattack on software provider CDK Global disrupted operations for thousands of car dealerships in North America, impacting sales, repair...
C.H. Robinson COO Arun Rajan Becomes CSIO
C.H. Robinson, a leading logistics company, is undergoing a strategic shift by appointing its Chief Operating Officer as the Chief Strategy and Innova...
OPEC Crude Production Steady for Third Month
OPEC's crude production has remained stable for the third consecutive month, with some key members exceeding agreed limits. Despite small reductions i...
Continental Express Adds Chicago-Area Terminal
Continental Express has recently opened its ninth location nationwide with a new terminal in Illinois, further expanding its reach and capacity in the...
Renault Vows to Lower EV Battery Costs 20% With New Process
Renault SA has announced plans to reduce battery costs for electric vehicles by 20%, incorporating lithium iron phosphate cells alongside their curren...
Salem Carriers to Use Pair of eCascadias in Carolinas
Salem Carriers is introducing two Freightliner eCascadias to cater to Daimler Truck North America's inbound logistics requirements in the Carolinas. T...
Truck Maker Hyzon Mulls Sale of Part or All of Operations
Hyzon Motors, a Class 8 truck and hydrogen fuel cell system maker, is facing financial challenges, leading to potential layoffs and a review of strate...
Samsara Extends Tracking to Small, High-Value Assets
The news discusses Samsara's introduction of a new tracking device for small assets and the enhancement of driver safety features at its 2024 Beyond c...
Perspective: Autonomous Trucking Is Not a Race
Autonomous trucking is rapidly advancing on a national scale, offering potential revolutionary changes to freight and supply chain management. However...
Maersk Drops Out of Bidding for Logistics Giant DB Schenker
The news report discusses A.P. Moller-Maersk A/S withdrawing its bid for the logistics unit of Deutsche Bahn AG, DB Schenker, valued at over $16.1 bil...
Hacked Software Firm CDK Expects All Dealers Live by July 4
The recent cyberattack on CDK Global, a key software provider for car dealerships in North America, has caused significant disruptions in operations, ...
VTNA: US Class 8 Retail Sales Running Below Expectations
The U.S. Class 8 retail truck sales have been slightly below expectations in the first five months of 2024. Sales were expected to total between 260,0...
Freight Recession Squeezes Top 100 For-Hire Carriers
The trucking industry in North America has been facing financial strain due to a prolonged freight recession, leading to declining revenue and weaker ...
Shale Executives See Takeovers Squeezing US Oil Production
The Federal Reserve Bank of Dallas survey reveals that prolonged corporate acquisitions in the shale sector may lead to a decline in U.S. oil producti...
Polestar Loss Deepens to $1.46B Amid Slowing EV Demand
Polestar Automotive Holding UK experienced increased losses last year due to weaker demand and internal challenges, resulting in a delay in reporting ...
Operations Underway at VTNA’s New River Valley Assembly Plant
Volvo Trucks North America recently began full operations at Plant 2 within its New River Valley manufacturing facility, marking a significant milesto...
Reactivating XPO’s Wilbert Vano
Central New Jersey's busy coastal transport corridor is no stranger to traffic, with its myriad of commercial ports, airports, factories, and congeste...
Infrastructure Still Top Issue for Electric Truck Deployment
Industry leaders recommend that when fleets are considering the addition of electric trucks, they should prioritize the charging infrastructure over t...