The U.S., previously a leader in growth rates for container shipping, is now lagging much of the world. Inbound volumes in December dropped 6.4% from a year earlier to 1.9 million TEUs. Read more…
U.S. trailer orders in December improved substantially from the previous month, and also improved over the prior-year level, according to ACT Research. Read more…
Schneider responded to a disappointing fourth quarter with renewed resolve to improve operations and prepare for an expected freight upturn, the company reported Jan. 29. Read more…
The Fort Smith, Ark.-based logistics company posted a net loss from continuing operations of $8.12 million, or a loss of 36 cents a diluted share, for the three months ending Dec. 31. Read more…
Pilot Travel Centers is teaming up with Tesla to build a series of charging stations catering to the Elon Musk-led manufacturer’s Class 8 battery-electric Semi tractor, mostly in Western states. Read more…
Parent company HayWay Group employs 900 staff in Europe and operates in 11 European countries, CEO Artur Lewandowski said in an interview with Transport Topics. Read more…
Tyson Foods, in a move meant to turn around the beef segment, said it would close a Nebraska beef plant and reduced a Texas facility to a single shift. The company maintained its outlook for the year. Read more…
Pennsylvania has added truck parking at 24 sites, while Arizona opened a new lot on Interstate 17 where demand is high. Both states are in the midst of plans to rapidly increase availability. Read more…
The White House confirmed on Feb. 2 the start of “Project Vault,” which would initially be funded by a $10 billion loan from the U.S. Export-Import Bank and nearly $1.67 billion in private capital. Read more…
First Brands and its main creditors will start mediation sessions to potentially resolve a series of business-crippling disputes that have left the auto parts maker weeks away from a shutdown. Read more…
U.S. tariffs on commodities and the resulting uncertainty led to more than $550 million Canadian ($406 million) in forgone revenues last year at Canada’s two largest railroad operators. Read more…
Earnings reports from some large U.S. manufacturers and transportation companies drove home how President Trump’s policies on trade and energy are putting a squeeze on the sector’s profits. Read more…
Parent company Alphabet would provide about $13 billion to the robotaxi firm, while the rest would come from others, including new investor Sequoia Capital, Bloomberg reports. Read more…
Shares of U.S. oil giants Exxon Mobil and Chevron are on track for their largest monthly gains in more than three years, boosted by rising energy prices and geopolitical tensions. Read more…
The world’s largest transportation and logistics providers have been operating in a highly volatile business environment this year as tariffs and shifting trade policies have altered international freight flows. Read more…
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