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Forward Air truck

The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.

Dock employers in British Columbia shut out workers Nov. 4 after a union’s strike notice, bringing trade to a halt across Canada’s busiest and third-busiest ports.

Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.

Buoyant appetite for data center power generators underpinned a 23.3% year-on-year jump in Cummins Inc.’s profit in the third quarter, trumping weak demand for heavy-duty truck engines.

Wall Street expects the company to report $1.3 billion in revenue and an adjusted diluted loss per share of $1.73 for the quarter that ended in September.

Diesel prices across the U.S. averaged $3.536 per gallon, marking a 3.7-cent decline, according to U.S. Energy Information Administration data released Nov. 4.

This smaller recall from GM comes three years after a larger callback of the all-electric Chevrolet Bolt for a similar hazard.

Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.

Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.

GXO robotic warehouse

GXO Logistics experienced a 28% jump in revenue as its operations built momentum in the third quarter, the company reported Nov. 5.

Old Toe River Road

North Carolina Deploys Surplus Goods to Aid Storm Recovery

Gov. Roy Cooper has issued two executive orders to aid recovery efforts in the state — one to expedite distribution of surplus goods, and another to waive motor vehicle requirements.

FedEx plane at Memphis International Airport

Looking Up: Airfreight Demand Takes Off in 2024

Demand for global air cargo traffic continues to increase amid ­e-commerce growth and ocean shipping constraints, driving prices higher as carriers and airports seek new efficiencies to maximize capacity.

Editor's Picks
Maersk cargo ship

A slump in international trade, geopolitical conflicts and economic uncertainty created a difficult business environment for the largest transportation and logistics providers in 2023.

Bob Costello

NASHVILLE, Tenn. — American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.

Fuel Prices
Week of Nov 4
Down
diesel
Down
3.7¢
Down
gas
Down
2.8¢
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More News
AutoDolly baggage tug

While no fully autonomous cars are in regular use in the country yet, some states have allowed limited testing and pilot programs on public roads.

diesel gauge

The world’s demand for diesel is forecast to fall this year, a rare event for the fuel that powers swathes of the global economy.

Schaeffler truck

Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.