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Elevated fuel prices have helped whittle away at truck capacity, which in turn has contributed to much-needed freight rate increases.
Rising fuel prices have forced fleets to act Transport Topics
“Market fundamentals are improving as capacity continues to tighten, driven by regulatory enforcement and carrier exits,” CEO Shawn Stewart said.
Same-day data for publicly traded trucking and transportation stocks in the autonomous, truckload, less-than-truckload, package, logistics and leasing categories.
Led by an alleged Uzbek mastermind, a theft ring has been indicted for stealing $4.49 million in retail goods using information hacked from legitimate companies.
Daimler Truck Chief Financial Officer Eva Scherer confirmed to investors and analysts that DTNA would only sell 2027 EPA-compliant engines.
Freight brokers have been weathering a dramatic shift in the legal and regulatory landscape. RXO is among the brokers that have navigated the upheaval by presenting their quality of service as a key differentiator.
U.S. dry and refrigerated van trailer imports from Canada and Mexico are now subject to antidumping duties, though at a lower rate than three complainants sought.
The freight market recovery is altering trailer demand positively in a fashion unseen in 40 years, Wabash’s CEO said, though the company still posted a loss in Q2.
CEO John O’Leary told reporters the plant would be the company’s largest truck manufacturing facility in the United States when up and running.
FMCSA revokes 5 ELDs, giving truckers a 60-day deadline to replace with compliant devices cdllife.com
Trucking companies serving the major ports across the country continued to see capacity tightening while also moving beyond difficult prior-year comparisons.
FMCSA's Barrs, ICE grill 'illegal' drivers at Operation Highway Shield overdriveonline.com
Used Class 8 truck sales in June further strengthened in response to freight conditions and inventory constraints, according to ACT Research data.
Containers can now move by rail directly into the region, rather than routing through Chicago and trucking south, according to a railroad spokesperson.
Brent crude fell 0.3% to $79.15 per barrel on Aug. 5. On Aug. 4, it sank 5.3% as hopes rose for progress toward a full reopening of the Strait of Hormuz.
The global scramble for diesel is increasingly draining U.S. supplies. Exports of distillate fuel rose to 1.9 million barrels a day last week, according to data released by the EIA.
‘Local manufacturing hurdles persist amid ease in supply chains’ The Guardian Nigeria News
Two ex-Volkswagen engineers denied charges they made a combined $300,000 trading on secret information about the carmaker’s planned $5 billion joint venture with EV maker Rivian.
Brent crude fell 5.4% to $79.25 a barrel. A day earlier, oil prices dropped more than 5% after President Donald Trump said he had decided to hold off on new strikes against Iran.