General News
Leading Container Maker Sees Profit Jump in Hydrogen Business
China International Marine Containers Group, the world’s biggest manufacturer of shipping containers, is seeing a surge in revenues from its hydrogen business, a good sign for the fuel.
Maersk Warns of Slowdown Once Freight Boost Fades
A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from the Red Sea conflict evaporates.
Trucking Executives Cite Opportunities for AI Adoption
LAS VEGAS — Artificial intelligence promises to unlock greater efficiency in the freight transportation industry, but implementing AI functions is not without its challenges.
ArcBest Reports 31% Earnings Gain Despite Revenue Drop
ArcBest Corp. experienced a 30.7% increase in earnings despite a decline in revenue during the fourth quarter of 2023, the company reported Feb. 6.
Reefer Unit Powers Carrier Global to 55.6% Q4 Profit Hike
Profits at Carrier Global jumped 55.6% year-over-year in the fourth quarter on the back of higher refrigeration unit sales and improved operating margins.
XPO Reports Revenue and Earnings Gains for Q4
XPO Inc. reported a year-over-year increase in revenue and earnings in the despite an overall softer freight environment during the fourth quarter of 2023, the company announced Feb. 7.
US House to Debate Water Permitting Bill
House Republican leaders indicated that as early as the week of Feb. 12, the GOP-led Creating Confidence in Clean Water Permitting Act would reach the floor of the chamber.
Werner Enterprises Reports Revenue, Profit Decline for Q4
Werner Enterprises reported a drop in revenue and earnings year-over-year during the fourth quarter of 2023, the company detailed Feb. 6.
FMCSA Releases New Medical Examiner’s Handbook
More than eight years in the making, federal trucking regulators have finally approved a new — albeit scaled down — version of the 2024 Medical Examiner’s Handbook.
EPA Tightens Standards for Soot From Tailpipes, Smokestacks
The Biden administration is setting tougher standards for soot pollution, saying that reducing fine particle matter from industrial sources could prevent thousands of deaths a year.
San Clemente Landslide Forces San Diego Rail to Halt Again
Freight trains to and from the Port of San Diego were suspended again the night of Feb. 6 by a slow-moving landslide that threatens the tracks at San Clemente, Calif.
US, EU Discuss Semiconductors, Cybersecurity, Supply Chain
The U.S. and European Union agreed to increase raw material sourcing for semiconductors and better align mutual cybersecurity protocols for infrastructure and businesses.
US Oil Output Expected to Flatline Until 2025
The U.S. sees oil production flatlining for most of this year before reaching a new record in early 2025. That would ease concerns about a supply glut that has weighed on prices.
Emissions Sensors Settlement Leaves Cummins Nursing Q4 Loss
A December settlement between Cummins Inc. and the federal government pushed the engine and component manufacturer’s results into the red in the fourth quarter of 2023, it said Feb. 6.
Averitt Bolsters Nashville Presence With Upgraded Facilities
Averitt Express expanded three of its key facilities as part of an ongoing effort to strengthen its foothold in Nashville, Tenn., the company announced Jan. 31.
Toyota Boosts Spending on US EV Production by $1.3 Billion
Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV.
STB Modifies Performance Requirements for Class I Railroads
Changes are being made in a nearly 2-year-old federal government requirement regarding performance levels at four Class I freight railroads.
Cincinnati Airport Deploys Autonomous Baggage Handling EVs
Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.
Yellow Repays $700M COVID-Era Treasury Loan Plus Interest
Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief, and Economic Security Act, the bankrupt less-than-truckload carrier said.
Kroger CFO Departs During Uncertainty on Albertsons Merger
Kroger Co. said Feb. 5 that its chief financial officer is leaving for another company as the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.