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Updated: 2 hours 31 min ago

Schneider Reports 68% Jump in Earnings for Q1

Thu, 04/28/2022 - 18:29
Schneider National’s earnings surged 68% year-over-year during the first quarter, the company reported April 28.

Idaho Truckers Share Vaccine Mandate Concerns

Thu, 04/28/2022 - 18:07
Shortages in potatoes and foodstuff for cattle are likely next year due to the ongoing U.S.-Canadian vaccine mandate disrupting border freight, Idaho truckers recently told their congressman.

House Transportation Democrats Prioritize Inclusive Workforce Programs

Thu, 04/28/2022 - 17:39
House Democrats proposed expanding diversity recruitment efforts across the transportation workforce as the Biden administration continues to pursue outreach programs.

Forward Air Reports Revenue, Earnings Records for Q1

Thu, 04/28/2022 - 17:22
Forward Air Corp. set all-time quarterly records for revenue, net income and earnings per diluted share during the first quarter, the company reported April 27.

Amazon Falls, Projects Slower Growth as Online Sales Stall

Thu, 04/28/2022 - 17:02
Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

C.H. Robinson Posts Record Q1 Profits

Thu, 04/28/2022 - 16:57
Strong freight demand across its network powered C.H. Robinson Worldwide to record first-quarter profits.

Pete Buttigieg Touts Infrastructure Funding During Budget Hearing

Thu, 04/28/2022 - 16:33
The country’s top transportation officer called on Senate funding leaders to approve the White House’s fiscal 2023 budget, one he said aims to modernize passenger and freight corridors with the goal of enhancing the economy.

Top Democrats Push for FTC Crackdown on High Gas Prices

Thu, 04/28/2022 - 14:11
WASHINGTON — Citing growing worries about high gasoline prices, Democratic leaders announced an effort April 28 to give the Federal Trade Commission increased authority to crack down on companies that engage in price gouging.

Covenant Logistics Posts $291.6 Million in Revenue for Q1

Thu, 04/28/2022 - 12:49
Covenant Logistics Group Inc. saw revenue and earnings improvements during the first quarter of 2022, the company reported April 27.

Nikola Sees Energy Transition in Arizona Desert

Thu, 04/28/2022 - 12:21
COOLIDGE, Ariz. — Several customers’ recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.’s new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikola’s first-ever quarterly revenue.

Rivian Reaches Deal in Georgia for Environmental Standards

Thu, 04/28/2022 - 11:46
A development authority east of Atlanta has voted to approve an “economic development agreement” for the planned $5 billion Rivian factory, outlining terms with the electric vehicle company, including environmental standards and taxpayer-backed incentives.

Dana Reports Gain in Q1 Revenue, Lower Net Income

Thu, 04/28/2022 - 10:51
Dana Inc. reported first-quarter net income dropped and revenue slightly increased.

Economy Posts Surprise Contraction, Belying Solid Consumer Picture

Thu, 04/28/2022 - 10:21
The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.

China Grants First Driverless Taxi Permits to Baidu,

Thu, 04/28/2022 - 10:15
BEIJING — China has granted Chinese internet services company Baidu and a rival autonomous car company,, permits to provide driverless ride-hailing services to the public in Beijing, a significant regulatory step in the country’s pursuit of driverless technology.

Groups That Want to Electrify USPS Fleet File Suit

Thu, 04/28/2022 - 10:06
Four environmental groups that want the U.S. Postal Service to buy more electric delivery vehicles are suing to halt purchases of thousands of gas-powered trucks as the agency modernizes its mail delivery fleet.

Industry Leaders React to Soaring Used Class 8 Prices

Thu, 04/28/2022 - 09:30
CHARLOTTE, N.C. — With the average cost of used Class 8 trucks soaring in March to more than $101,000, trucking officials attending fleet management company Corcentric’s annual conference say they fear some in the industry may be priced out of the market.

Three More Sentenced for Roles in Staged Crashes

Wed, 04/27/2022 - 19:32
Three New Orleans women who faced up to five years in prison have been sentenced for their roles in staging accidents with heavy-duty vehicles and ordered to pay more than $5 million in restitution to motor carrier victims of the crashes.

FMCSA Issues ‘Notice of Intent’ to Require Speed Limiters on Heavy Trucks

Wed, 04/27/2022 - 18:21
The Federal Motor Carrier Safety Administration on April 27 issued a notice of intent to move forward with a rulemaking to require the use of speed limiters for commercial motor vehicles.

Ford Eyes EV Market Leadership With Launch of F-150 Lightning

Wed, 04/27/2022 - 16:44
Ford Motor Co. is officially planting its flag with the launch of an all-electric version of America’s best-selling pickup truck, aiming to overtake Tesla Inc. and lead the electric vehicle market.

Raimondo Urges Congressional Passage of Semiconductor Bill

Wed, 04/27/2022 - 16:21
Secretary of Commerce Gina Raimondo pressed senators April 27 to finalize legislation meant to boost domestic manufacturing of semiconductors.