General News
Amazon Beats Revenue and Profit Expectations for Q4
Amazon on Feb. 1 reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.
Eaton Q4 Profit Jumps 31% on Record Revenue
Profit at Eaton Corp. jumped 31% year-over-year in the fourth quarter of 2023, powered by higher revenue at both its largest and smallest reporting units — Electrical Americas and eMobility.
House Passes Tax Bill Amid Budget Negotiations
A comprehensive tax measure advanced in the U.S. House of Representatives on Jan. 31 as congressional leaders continue to negotiate fiscal 2024 transportation funding legislation.
Revoy Launches Atypical EV for Class 8 Freight Market
A Bay Area startup launched an electric add-on unit that will convert an existing Class 8 diesel vehicle into a hybrid without changes to the tractor.
Schneider Reports 12% Revenue Decline for Q4
Schneider National experienced a year-over-year decline in profits as well as revenue during the fourth quarter of 2023, the company reported Feb. 1.
Senate Approves Joe Goffman to Lead EPA Air Pollution Office
WASHINGTON — The Senate has approved Joe Goffman to lead the EPA's air pollution office just as the agency is set to finalize rules over emissions from power plants and cars and trucks.
Used Truck Sales in December Drop 7% From Prior Year
Used Class 8 truck sales in December declined by 7.1% from the same period the prior year, ACT Research reported.
Landstar Reports 28% Revenue Decline for Q4
Landstar System Inc. posted declines in net income and revenue during the fourth quarter of 2023, the company reported Jan. 31.
Federal Funding to Help I-4 Truckers Find Place to Rest
Long-distance truckers will soon find it easier to park their big rigs off Interstate 4, thanks to $180 million in federal funding dedicated truck parking spots along the thoroughfare.
LTL Carrier Roadrunner Announces Service Expansion
Less-than truckload carrier Roadrunner on Jan. 31 announced a significant expansion of its network with plans to add new lanes.
ClearFlame Eyes Jump in Ethanol-Powered Truck Use After Sale
ClearFlame Engine Technologies expects to deploy as many as 30 of its ethanol-fueled Class 8 trucks through the end of 2024, CEO BJ Johnson told Transport Topics.
US Factory Gauge Climbs to Highest Since 2022
A measure of U.S. factory activity climbed to a 15-month high in January, fueled by the strongest orders growth since May 2022 and suggesting manufacturing is starting to stabilize.
Trucking Engaged in Tech Arms Race Against Cargo Criminals
The trucking industry has become embroiled in a technological arms race as the threat of cargo thefts rapidly rises and evolves.
Ryder to Acquire Cardinal Logistics
Ryder System Inc. is acquiring Cardinal Logistics in a deal that will add 2,900 power units, 3,400 drivers and 200 operating locations to its existing network.
China Overtakes Japan as Top Auto Exporter in 2023
TOKYO — Data from a Japanese auto industry association shows that China overtook Japan as the world’s largest vehicle exporter last year.
$2 Million Michigan Grant Helps Fifth Wheel Freight Expand
Michigan Gov. Gretchen Whitmer recently touted a $2 million grant to Fifth Wheel Freight as an example of economic development funds strengthening the state’s supply chain network.
New Mexico Unveils Electronic Truck Parking Signs Along I-10
Truckers can now locate available parking at six rest areas on a 164-mile stretch of Interstate 10 in New Mexico using advanced technology and electronic road signs.
House T&I Presses White House to Safeguard Supply Chain
House transportation policymakers renewed calls for the Biden administration to enhance its response to growing supply chain concerns.
FMCSA Weighs Commercial Driver License Streamlining
Federal trucking regulators are proposing to speed up the process for obtaining a commercial driver license by removing a number of regulatory restrictions.
Guardrail Crash Tests Yield Worrying Results for Heavy EVs
A University of Nebraska road safety facility on Jan. 31 released the results of a test that's raising concerns about the safety risks heavy EVs pose if they collide with lighter vehicles.