Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.
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Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market
Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.
April 26, 2024Universal Logistics Reports 12.5% Revenue Boost for Q1
Universal Logistics Holdings well surpassed expectations with both revenue and earnings increasing year-over-year during the first quarter of 2024, the company reported.
April 26, 2024Commercial Hydrogen Fueling Station to Open in California
OAKLAND, Calif. — FirstElement Fuel will open what it is calling the world’s first heavy-duty high-flow hydrogen fueling facility to the public in May.
April 26, 2024BNSF Signs On to Federal Safety Hotline for Some Workers
OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.
April 26, 2024NHTSA Investigates Whether Tesla Autopilot Recall Did Enough
DETROIT— The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road.
April 26, 2024Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates
Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
April 26, 2024Intermodal Chassis Manufacturers Pull Back on Output
Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.
April 25, 2024Buttigieg to Defend Fiscal 2025 Budget in Congress
The nation’s top transportation officer will defend the White House’s fiscal 2025 funding request for his department when he appears before congressional funding panels.
April 25, 2024Top 100 For-Hire Carriers: How to Get on the List
Find out how your trucking business stacks up by submitting data for the 2024 Transport Topics Top 100 For-Hire Carriers publication.
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