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Volvo VNL assembly

Volvo Group profits fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenues and margins.

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

The funding for 32 projects is being made available through the Energy Department and will span 42 states. Investments will include utilities damaged by hurricanes Helene and Milton.

Policy changes would be an impractical solution to making the drayage and intermodal chassis market more efficient, according to a recently published study.

Models affected include locally-made 3 Series and 5 Series vehicles, as well as several imported X Series SUVs.

Deere said it boosted its workforce when demand surged during the COVID-19 pandemic, which roiled supply chains, only for the farm economy to start slowing.

Overall, sales of Classes 4-7 trucks fell 9.4% year on year in September. Four out of the nine months in 2024 have seen a year-over-year decrease.

Profits at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volumes rose year over year.

A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.

Fuel tanker at filling station

The national average diesel price fell 7.8 cents to $3.553 per gallon, according to U.S. Energy Information Administration data released Oct. 21.

New house

Housing Starts Fall as Multifamily Projects Tumble

Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Oct. 18, after a big rebound in construction in August.

Dennis Dellinger

Family, Faith, Trucking: Dennis Dellinger’s Road to ATA Chair

The rise of the 80th ATA chairman is the story of a tough but fair trucking leader, a hardworking, astute man who has advanced over nearly four decades to the top of his profession.

Editor's Picks
Chris Spear

Spear is optimistic that ATA's outreach over the past year has been paying off. This includes actions by members to better inform lawmakers about the industry's most critical issues.

Walmart truck on the road

Walmart Inc.’s initiatives to strengthen its in-house trucking operations have elevated it to No. 1 on this year’s updated Transport Topics Top 100 Private Carriers list.

Fuel Prices
Week of Oct 21
Down
diesel
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7.8¢
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2.7¢
Top 100/ Top 50
  • 2024 Top 100 Private Carriers Cover

    Retail giant Walmart ascends to No. 1 on this updated list of the largest private carriers in North America, ranked by number of tractors in operation.

  • 2024 Top 100 For-Hire

    Annual rankings provide an indispensable overview of the largest for-hire carriers in North America, along with timely analysis of trends shaping the industry.

  • 2024 Top 100 Logistics

    A unique ranking of the third-party logistics companies in North America includes listings of the largest freight brokerage firms, freight forwarders, warehouse operators and dedicated contract carriage service providers.

  • 2023 GFC 50 cover

    Key data on revenue and freight assets for the 50 largest global freight companies.

More News
Inside a CyberTruck

NHTSA said Oct. 18 it will assess whether Tesla’s system, also known as FSD, has the ability to detect and appropriately respond to fog and other reduced visibility conditions.

Karl Rove

NASHVILLE, Tenn. — This presidential election is a once-in-a-generation contest that will be decided over key policy issues, political strategist Karl Rove told trucking executives.

UPS, FedEx trucks

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

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