General News
US Small-Business Optimism Drops by Most Since End of 2022
U.S. small-business optimism in January suffered the biggest drop since 2022, due to weak profits and sales expectations, according to the National Federation of Independent Business.
New Jersey Lawmakers Raise Minimum Insurance
The New Jersey Legislature has passed a law requiring heavy trucks to carry a minimum $1.5 million in liability insurance — double the current federal minimum insurance requirement of $750,000.
Top Truck Bottlenecks Mostly the Same, Just More Congested
A familiar congested highway spot in Fort Lee, N.J., outside New York City, once again tops American Transportation Research Institute's list of the nation’s worst trucking chokepoints.
Diesel Price Surges 21¢ to $4.109 a Gallon
Diesel's national average price topped $4 for the first time in 10 weeks, rising 21 cents to $4.109 a gallon, according to Energy Information Administration data for the week of Feb.12.
Crossword Puzzle Solution for February 12, 2024
Here's the solution to the crossword puzzle found in the February 12, 2024 print edition.
XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says
Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.
Class 8 Truck Sales Down 6.7% in January
Class 8 retail sales kicked off the new year with their sixth consecutive month of year-over-year declines in January, Wards Intelligence data shows.
WRDA, Biden Administration Oversight Priorities for T&I
Capitol Agenda: A policy update to the nation's network of waterways and oversight of White House climate policies are on the upcoming schedule for the House transportation panel.
ChargePoint Certified by Federal Risk Management Program
ChargePoint has received cybersecurity certification by the federal government, clearing the way for federal contracts and signaling a security focus in the electric vehicle ecosystem.
Mobileye CEO Shashua Expects Growth in Self-Driving Adoption
Amnon Shashua, co-founder and CEO of Mobileye, sees self-driving technology moving ahead over the next few years, allowing for more widespread adoption of the functionality.
California Ports Deploying Air Pollution Capture for Ships
Long Beach, Calif.-based startup Stax Engineering has deployed pollution-capturing tech at multiple ports for the first time, servicing ships at the ports of L.A., Long Beach and Oakland.
California Asks Insurers About Covering Zero-Emission Trucks
The California Department of Insurance is taking steps to ensure that commercial insurance coverage is available for zero-emission heavy trucks and fleets.
TFI Eyes Merger for Truckload Operations as Part of Spinoff
TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.
Yokohama Unveils New Commercial Tire Sizes
Yokohama Tire Corp. is expanding the sizes of its 124R and 714R commercial tires, the company announced Feb. 5.
TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll
Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.
Lineage Logistics Leads US IPOs Heading for Second Quarter
Lineage Logistics is leading a crop of private companies weighing initial public offerings in the U.S. as soon as the second quarter, according to people familiar with the matter.
Buttigieg, Shipping Stakeholders Discuss Red Sea Tensions
Transportation Secretary Pete Buttigieg held two private meetings with stakeholders to discuss shipping, regional navigation and supply chain issues in the Red Sea and Gulf of Aden.
Tesla Rakes In Billions From Selling Regulatory Credits
Tesla continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the company thought would fade away: selling regulatory credits.
Nikola Rejects Board Nominees From Founder Milton
Nikola Corp. said it rejected a slate of director nominees proposed by an entity controlled by founder and former CEO Trevor Milton, who was recently sentenced to prison for fraud.
Daimler Advances Longhaul Hydrogen Truck Prospects
Daimler Truck recently took another step toward commercializing its prototype longhaul liquid hydrogen-fueled trucks.