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Updated: 1 hour 16 min ago

Bankrupt Yellow May Start New REIT Using Empty Terminals

Tue, 06/04/2024 - 08:02
Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors.

International Paper Seeks to Reassure DS as Suzano Plots Bid

Mon, 06/03/2024 - 16:32
International Paper Co.’s top boss traveled to London to reaffirm his company’s commitment to merger partner DS Smith, downplaying a takeover offer from Suzano.

Diesel Price Dips 3.2¢ a Gallon to $3.726

Mon, 06/03/2024 - 16:21
The national average price extended its downward movement, shedding 3.2 cents a gallon to $3.726, according to Energy Information Administration data released June 3.

South Accounts for Lion’s Share of Factory Construction Boom

Mon, 06/03/2024 - 14:44
States in the U.S. South are at the forefront of a massive renaissance in construction projects aimed at enhancing manufacturing capacity and supply chain resiliency.

Einride Becomes Peterbilt’s Biggest BET Customer

Mon, 06/03/2024 - 14:11
Einride will buy 150 Model 579EV battery-electric trucks from Peterbilt, the truck maker’s biggest EV order so far, the companies said.

Oregon Champ Shamrell Excited to Make Familiar Trek

Mon, 06/03/2024 - 13:12
After winning his 10th Oregon grand championship, FedEx Freight 3-axle driver Dan Shamrell is preparing to compete in his 18th NTDC.

Crossword Puzzle Solution for June 3, 2024

Mon, 06/03/2024 - 12:30
Here's the solution to the crossword puzzle found in the June 3, 2024 print edition.

Truck-Specific Navigation Software Offers Safety, Efficiency

Mon, 06/03/2024 - 11:53
As navigation and routing software applications grow more granular, developers are working to integrate pertinent data to support safe, efficient fleet operations.

Full Port of Baltimore Channel Set to Open by June 10

Mon, 06/03/2024 - 09:35
The Army Corps of Engineers now expects to have the full Federal Channel into Port of Baltimore open by June 10 at the latest, a slightly later target than their original timeline of late May.

CalAmp Files Bankruptcy to Complete Restructuring

Mon, 06/03/2024 - 09:11
CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt.

Ships Diverted From Red Sea Send Ripple Effects Across Globe

Mon, 06/03/2024 - 08:41
Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.

OPEC+ Extends Supply Cuts Amid Slack Prices

Mon, 06/03/2024 - 08:09
FRANKFURT, Germany — Saudi Arabia and allied oil producing countries on June 2 extended output cuts through next year, a move aimed at supporting slack prices.

Cost-Cutting Measures

Sun, 06/02/2024 - 23:00
Sailun’s newest trailer and drive tires can help today’s fleets slash the cost of tires and fuel.

US Diesel Demand Hits 26-Year Seasonal Low in March

Fri, 05/31/2024 - 16:08
U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.

Ohio Coordinates ‘Super Load’ Cargo Movements on Trucks

Fri, 05/31/2024 - 15:09
Ohio transportation officials are coordinating the movements of several trucks carrying “super loads” of cargo weighing up to 900,000 pounds.

CIE Cleared of Chinese-Related Antidumping Allegations

Fri, 05/31/2024 - 12:48
CIMC Intermodal Equipment was cleared by federal officials of allegations that it evaded antidumping duties on chassis and subassemblies from China.

EV Maker Lucid Chops Hundreds of Jobs Amid Red Ink

Fri, 05/31/2024 - 10:53
NEWARK, Calif. — Lucid Group has revealed its plans to slash hundreds of jobs, part of a reorganization that the maker of electric vehicles hopes will help position it for “future success.”

Parts Suppliers Fear a Crash With Shift to EVs

Fri, 05/31/2024 - 09:57
Anxiety over a transition to electric vehicles is high in the thousands of businesses that have long supplied parts and equipment for cars and trucks powered by internal combustion engines.

Hess Shareholders Approved Chevron Takeover by Slim Majority

Fri, 05/31/2024 - 08:44
Hess Corp. shareholders approved the company’s proposal to be acquired by Chevron Corp. for $53 billion by a razor-thin majority of 51% of shares outstanding.

Inflation Gauge Rises at Slowest Pace This Year

Fri, 05/31/2024 - 08:23
WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.

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