TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.
A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts.
WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, setting the stage for the Fed to begin cutting interest rates this fall.
CMA CGM SA reported a second-quarter jump in cargo volumes and signaled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.
Temperature-controlled storage and logistics giant Lineage Inc. shares climbed as much as 5.4% in its debut as a public company after raising about $4.4 billion in the year’s largest IPO.
Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.
Nominations are Open for Transport Topics′ Annual Trucking′s Frontline Heroes Award!
This year, Transport Topics is honoring trucking professionals who served communities in need. While natural disasters and catastrophic disruptions occurred around the country, a few remarkable individuals endeavored to lend aid to their neighbors and deliver needed supplies. If you have a hero in your life who offered tremendous support to your community this year, nominate them to be the next Trucking′s Frontline Hero.
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Norfolk Southern Profits Lifted by Insurance Payments
Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own.
Colorado Cracks Down on Predatory Towing With New Law
A broad new law to end predatory towing practices takes effect Aug. 7 in Colorado, legislation that was backed by a state senator whose vehicle was wrongfully towed last summer.
Soft market conditions in 2023 placed financial strain on many of the largest for-hire trucking companies in North America.
Complete coverage of the 2024 National Truck Driving Championships and Step Van Driving Championships, as well as the state events that served as qualifiers.
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.
Key data on revenue and freight assets for the 50 largest global freight companies.
Beverage and food service fleets dominate the top spots in this comprehensive rundown of private carriers in North America, ranked by number of tractors.
Cruise is targeting a return to running fully autonomous rides later this year and possibly charging fares by early 2025, said people familiar with the matter.
Vice President Kamala Harris has committed to continue pursuing policies the current administration initiated three years ago should she win the November presidential election.
Daimler Truck’s battery-electric vehicle ambitions took another step forward as the world’s largest truck maker opened a center devoted to developing battery expertise in Germany.
July 19, 2024
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