General News
Europe’s Diesel Supply Chain Threatened by High Freight Costs
A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.
Volvo Q4 Profit Jumps 80.6% as Deliveries, Margins Increase
A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.
FMCSA Plans to Remove 15,000 Medical Examiner Certifications
Federal trucking regulators plan to disqualify more than 15,000 physicians responsible for certifying that truck drivers are healthy enough to get behind the wheel.
United Rentals Q4 Profit Rises 6.3% on Broad Demand Strength
United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.
Biden Freezes Approvals of New Licenses for LNG Exporters
The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.
Justice Department Inquiring Into Cruise Collision Fiasco
SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.
Maersk Unveils World’s Biggest Methanol-Powered Containership
A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.
Volvo Shares Fall After Outlining Truck Production Cuts
Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.
Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea
Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.
USDOT Gives Truck Parking Projects $292 Million in Grants
Infrastructure projects aimed at expanding and improving truck drivers’ access to parking are receiving $292 million in federal funding, the U.S. Department of Transportation announced.
Transportation Nominees on Senate’s To-Do List
Robin Hutcheson’s exit from the Federal Motor Carrier Safety Administration will add to a list of transportation nominations the Senate will be tasked to consider during an election year.
Xos Class 8 Tractor Start of Production Remains on Schedule
Xos’ plans for manufacturing a Class 8 tractor remain on schedule even as the electric truck maker sought to bolster its finances earlier in January, CEO Dakota Semler told Transport Topics.
Maintenance Costs Rise in Q3, Report Finds
Parts and labor costs in the trucking industry rose 1.9% in the third quarter of 2023 according to a report by American Trucking Associations’ Technology & Maintenance Council and Decisiv.
Buttigieg Calls on Congress to Pass Rail Safety Bill
Secretary Pete Buttigieg recently pressed Congress to pass legislation that would strengthen rail safety policies.
Kodiak Opens Truck Port at Ryder Facility in Houston
Kodiak Robotics opened a second truck port for its autonomous semis at a Ryder System Inc. fleet maintenance facility in Houston, the companies said Jan. 23.
CSX Reports Slight Revenue Knock for Q4
CSX Corp. experienced a slight decrease in year-over-year revenue during the fourth quarter of 2023, the company reported Jan. 24.
US Economy Grew at Strong 3.3% Rate to End 2023
WASHINGTON — The nation’s economy grew at a brisk 3.3% annual pace in Q4 as Americans showed a continued willingness to spend despite high interest rates and price levels.
Hyzon Sends Four Hydrogen FCEV Trucks to PFG in California
Hyzon delivered four trucks to Performance Food Group’s Vistar facility in Fontana, Calif., the first deliveries of the hydrogen fuel cell electric vehicle to its largest U.S. customer.
Knight-Swift Reports 11% Revenue Increase for Q4
Knight-Swift Transportation Holdings Inc. profits dropped during the fourth quarter but the carrier experienced an increase in revenue, the company reported Jan. 24.
Auto Dealers Campaign for Biden to Halt Tailpipe Emissions Rules
DETROIT — More than 4,700 auto dealerships across the U.S. urged President Joe Biden in a letter Jan. 25 to halt the EPA's efforts to enforce stricter vehicle-pollution standards.