FreightVana believes the deal will boost its position in the power-only brokerage segment. Loadsmith provides power-only and standard freight brokerage.
The decline represents the largest weekly drop since Dec. 11, 2023, when prices fell 10.5 cents. At the national level, diesel remains 52.9 cents cheaper than the same week in 2023.
The Biden administration plans to sell drilling rights in the Arctic National Wildlife Refuge, a last-minute maneuver that could complicate the incoming administration’s plans.
Mack Trucks now has 65 electric vehicle certified dealers in North America, it said.
MIDDLETOWN, Conn. — The Connecticut Department of Transportation announced a $31 million investment in expanding truck parking by 183 spaces at rest stops across Connecticut.
North Carolina Gov. Roy Cooper and other state officials announced a $13.7 million expansion by RXO in its Ballantyne operations to add 216 jobs over the coming years.
South Korean Companies Reconsider Plants in US Over Trump
South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.
Trucking Demand and Capacity Edge Closer to Equilibrium
“Broadly speaking, freight demand trends are gradually improving,” said Carter Vieth, research associate at ACT Research.
FMCSA Adds Four Crash Types to Non-Preventable List
The addition brings to 21 the total number of crash types included in the program, according to a Dec. 3 announcement from FMCSA.
A slump in international trade, geopolitical conflicts and economic uncertainty created a difficult business environment for the largest transportation and logistics providers in 2023.
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.
Key data on revenue and freight assets for the 50 largest global freight companies.
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.
Annual rankings provide an indispensable overview of the largest for-hire carriers in North America, along with timely analysis of trends shaping the industry.
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.
The U.S. government is considering whether to provide a loan of up to $550 million to help developing a nickel and cobalt mine in Brazil’s Northeast.
Nippon Steel clarified its spending plans at U.S. mills owned by U.S. Steel Corp. as part of last-ditch efforts to win over workers and politicians for its bid to buy the steelmaker.
Postmaster General Louis DeJoy said the Postal Service needs to replace aging trucks, and he wasn’t aware of an effort by the incoming presidential administration to cancel plans to buy EVs.
December 4, 2024
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