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Updated: 1 hour 54 min ago

Buttigieg: Truck Parking Central to Safety Mission

Wed, 10/23/2024 - 15:25
USDOT announced more than $4 billion in grants Oct. 21, including projects in Nevada, Ohio and Wisconsin that will add parking to existing facilities along interstate highways.

Tesla’s Shrinking Margins Put Pressure on Upcoming Earnings

Wed, 10/23/2024 - 14:33
Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.

Matador Increases 2024 Oil Output Projection by 5%

Wed, 10/23/2024 - 12:26
Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.

Old Dominion Sees First Year-Over-Year Revenue Drop in 2024

Wed, 10/23/2024 - 11:18
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.

Birla Carbon to Open $1B Graphite Plant in South Carolina

Wed, 10/23/2024 - 10:24
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.

Perspective: Trucking Comes Through in Times of Need

Wed, 10/23/2024 - 09:53
In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.

NACFE: Early Electric TRUs Show Promise; Struggle With Costs

Wed, 10/23/2024 - 09:44
The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

Hyundai Testing Novel Hydrogen Production

Wed, 10/23/2024 - 09:41
Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.

American Tire Seeks Bankruptcy After Deal With Lenders

Wed, 10/23/2024 - 08:55
American Tire Distributors Inc., which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.

DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal

Wed, 10/23/2024 - 08:20
Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.

FAA Issues Rule That Moves Air Taxis Closer to Takeoff

Wed, 10/23/2024 - 08:01
Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.

Carriers Feel Insurance Premium Pinch as Cargo Theft Climbs

Tue, 10/22/2024 - 15:26
When it comes to cargo theft, thieves can — and do — steal anything.  As more cargo goes missing, insurance premiums for policies to cover the losses start edging higher.

Colorado OKs Tax Relief for Hurricane-Affected Residents

Tue, 10/22/2024 - 15:25
“Tax deadlines should be the last thing that families impacted by these natural disasters are worried about,” Colorado Gov. Jared Polis said.

Paccar Q3 Profit Falls 20.9%, Tops Analyst Expectations

Tue, 10/22/2024 - 14:48
Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.

West Virginia Invests $4.7M in Road Safety Tech Upgrade

Tue, 10/22/2024 - 13:29
The goal is for the state to use technology to lower weather-related vehicle crashes in West Virginia by warning drivers with real-time alerts about dangerous roadway conditions.

FHWA Grants $10M to Virginia for Post-Hurricane Road Fixes

Tue, 10/22/2024 - 13:27
FHWA issued a $10 million emergency relief grant to Virginia on Oct. 18 to immediately pay for road repairs, especially a key freight corridor, damaged by Hurricane Helene.

Uber Freight Ups Cross-Border Business as Nearshoring Booms

Tue, 10/22/2024 - 13:00
The Chicago-based logistics platform has seen significant growth, reporting a 77% year-over-year increase in cross-border business from shippers and more than 2,000 daily shipments

Stellantis Sees Ram Sales Rebound as Inventories Shrink

Tue, 10/22/2024 - 12:52
Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.

Litigants Allege EPA Cannot Legally Mandate Electric Trucks

Tue, 10/22/2024 - 12:36
EPA lacks legal authority to mandate electric vehicles, according to a court brief filed by a coalition of 24 states and various economic interests seeking federal appellate court review.

Lynden Transport Selected to Deliver Capitol Christmas Tree

Tue, 10/22/2024 - 12:15
Lynden Transport will carry the Capitol Christmas Tree from Alaska to the nation’s capital later this year.

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