General News
CSX Profit Drops 10% Despite 3% More Q1 Freight
CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.
NYC Congestion Plan Adds Money to Offset N.J. Harm, MTA Says
New York City’s congestion pricing plan will now include funds to help alleviate potential pollution issues the new tolling program may spark in New Jersey.
Volvo Group Price Increases Aid Q1 Profits
Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.
Dali Owner Asks Cargo Owners to Help Cover Salvage Expenses
BALTIMORE — The owner of the massive containership that caused the deadly collapse of a bridge in March wants owners of the cargo on board to cover some of the salvage costs.
Virginia Touts Robust Economic Growth in Richmond Region
Virginia state and Henrico County officials touted a series of grand openings, including an Amazon robotics fulfillment center and a Coca-Cola Consolidated distribution facility.
House GOP to Prioritize Infrastructure in Funding Bills
The transportation funding subcommittee in the U.S. House will promote connectivity projects while focusing on taxpayers, its new leadership said this month.
House Transportation Committee Reviews AI Applications
WASHINGTON — The House transportation panel recently received an overview from stakeholders about artificial intelligence’s role within connectivity corridors.
Five Auto Haulers to Merge as Backer Files for IPO
Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned, according to a U.S. Securities and Exchange Commission filing.
US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela if Nicolas Maduro’s regime does not take steps to honor an agreement to allow a fairer vote in elections.
Tesla Wants Shareholders to Reinstate $55B Package for Musk
AUSTIN, Texas — Tesla will ask shareholders to reinstate a $55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year.
J.B. Hunt’s Field: Imports Haven’t Lifted Trucking Demand
America’s appetite for imported goods has kept its economy hot but has yet to “translate into any meaningful pickup in demand” for J.B. Hunt Transport Services Inc., a top executive said.
Truck Software Developer Platform Science Raises $125M
Platform Science raised $125 million in capital to accelerate the launch of its software platform with additional truck manufacturers, a spokesperson for the company said April 16.
Fed’s Powell: Elevated Inflation Will Likely Delay Rate Cuts
WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.
Kentucky Lawmakers Override Veto, OK Fully Autonomous Vehicles
Kentucky has legally paved the way for autonomous vehicles on its roadways with the legislators gathering enough support April 12 to overcome to override Gov. Andy Beshear’s veto.
Interactive Map: 2024 NTDC Grand Champions by State
Click on a yellow state to see when its event is scheduled; a green state to see who was named grand champion.
March Medium-Duty Sales Hit Five Months of Gains
U.S. retail sales for medium-duty trucks hit their fifth consecutive month of year-over-year gains in March but at a lower rate of 0.7%, according to data from Wards Intelligence.
Amazon Prime Memberships in US Gain 8% to New High
Amazon.com Inc.’s Prime subscription service hit a new high of 180 million U.S. shoppers in March, up 8% from a year earlier, according to Consumer Intelligence Research Partners.
Volvo CTO: Society to Help Decide Zero-Emission Vehicle Mix
GOTHENBURG, Sweden — The dominant choices for zero-emission commercial vehicles will ultimately be decided by truck buyers, executives from Volvo Group said.
Ohio Turnpike Completes Open-Road Tolling Project
A new tolling system featuring open-road tolling lanes is complete along the 241-mile stretch of the Ohio Turnpike, signaling the end of its largest construction project in its history.