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Updated: 1 hour 13 min ago

TFI Buys Quebec-Based Truckload Carrier in Fourth 2024 Deal

Mon, 05/13/2024 - 13:38
TFI International acquired Quebec-based specialized truckload carrier Transport MJ Lavoie for an undisclosed sum, its fourth purchase so far in 2024.

House Republicans Tell Julie Su to Step Down

Mon, 05/13/2024 - 13:02
House Republicans questioned Julie Su’s capacity to serve as acting labor secretary and criticized department rules regarding the status of independent contractors at a May 1 hearing.

Crossword Puzzle Solution for May 13, 2024

Mon, 05/13/2024 - 12:30
Here's the solution to the crossword puzzle found in the May 13, 2024 print edition.

Smarter Vehicles Could Mean Big Changes for Traffic Lights

Mon, 05/13/2024 - 12:27
As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transformation.

Volkswagen Reported to Eye Traton Stock Sale

Mon, 05/13/2024 - 12:06
Volkswagen AG is exploring the sale of as much as $1.1 billion of stock in Traton SE, taking advantage of the truck maker’s surging price to increase the number of shares available for trading.

Warehouses Look at Ways to Improve Recruitment, Retention

Mon, 05/13/2024 - 11:01
The use of automation in warehouses to streamline efficiencies, already part of the conversation pre-pandemic, has accelerated.

Global Chips Battle Intensifies With $81B Subsidy Surge

Mon, 05/13/2024 - 09:43
Superpowers led by the U.S. and European Union have funneled $81 billion toward cranking out the next generation of semiconductors, escalating a showdown with China for chip supremacy.

NHTSA Probes Zoox After Two Autonomous SUV Crashes

Mon, 05/13/2024 - 08:45
NHTSA has opened an investigation into Zoox, the autonomous vehicle subsidiary of Amazon.com Inc., after two incidents in which its SUVs suddenly braked and were rear-ended.

US Class 8 Truck Sales Decline 13% in April

Mon, 05/13/2024 - 08:00
U.S. Class 8 retail sales continued the trend of year-over-year declines by falling 12.9% in April, according to data from Wards Intelligence.

Goodyear Q1 Loss Narrows as Restructuring Plan Takes Effect

Sun, 05/12/2024 - 18:28
Losses at tire manufacturer Goodyear narrowed in the first quarter of 2024 due in part to an ongoing restructuring that won positive reviews from analysts.

M&A Deals Require Intention and Involvement During Process

Fri, 05/10/2024 - 13:54
The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.

Freight Market Stabilization Bolsters M&A Optimism

Fri, 05/10/2024 - 13:35
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.

Senate Leaders Endorse Fiscal 2025 Budget Process

Fri, 05/10/2024 - 09:19
Senate Majority Leader Chuck Schumer this month touted the chamber’s evaluation of the White House’s budget request for fiscal 2025.

New Partnership Brings Renewable Diesel to Southeast US

Fri, 05/10/2024 - 09:18
A new source of renewable diesel is making its way into the southeastern U.S. for commercial operations including trucks operating at the Port of Savannah.

BP Keen to Buy Tesla Supercharging Sites for US Expansion

Thu, 05/09/2024 - 22:34
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.

Port of Long Beach CEO Says Cargo Up Eighth Straight Month

Thu, 05/09/2024 - 22:07
Port of Long Beach CEO Mario Cordero said April numbers will show trade flows coming to the U.S. West Coast are continuing to strengthen.

Forward Air Ends Eventful Q1 With Positive Revenue Growth

Thu, 05/09/2024 - 17:14
Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.

March Used Truck Sales Increase 7% From Last Year

Thu, 05/09/2024 - 13:52
Used Class 8 truck sales in March rose 7.4% compared with the same period the prior year, ACT Research reported. Sales increased to 21,700 units from 20,200 during the 2023 period.

Activist Investor Wins 3 Norfolk Southern Board Seats

Thu, 05/09/2024 - 13:51
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.

April Class 8 Truck Orders Increase Year-Over-Year

Thu, 05/09/2024 - 12:45
North American Class 8 truck orders increased year-over-year but fell from the previous month during April, according to ACT Research.

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