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Government, Business

Congressional Republicans Sound Alarm Over Supply Chains

Joe Biden

WASHINGTON — Supply chain bottlenecks at the ports and rising prices for certain goods are indicative of the administration’s inability to respond to the COVID-19-era economy, a large contingent of congressional Republicans told President Joe Biden.

Eugene Mulero | Senior Reporter
October 22, 2021
Government, Business, Safety

ATA Outlines Concerns on How Vaccine Mandate May Affect Trucking

Trucks parked at a truck stop

American Trucking Associations has sent a letter to the Biden administration expressing “grave concern” over the potential damage that the president’s plans for a COVID-19 vaccine mandate for many businesses — including trucking companies — could cause for the country.

Eric Miller | Senior Reporter
October 21, 2021
Business

Transport Topics Radio

Transport Topics Radio

Transport Topics Radio is a weekly news roundtable airing Saturdays on SiriusXM channel 146 from 1-3 p.m. ET and rebroadcast Saturday nights from 11 p.m.-1 a.m. ET, and Sundays from noon-2 p.m. ET and 9-11 p.m. ET. Check out this week's lineup.

October 21, 2021
Business, Technology, Equipment, Autonomous

Embark Announces Reservations for 14,200 Trucks

Embark truck

Embark Trucks Inc., a developer of autonomous truck technology, announced that carriers participating in its partner development program placed 14,200 nonbinding reservations for Embark-equipped autonomous trucks.

Roger Gilroy | Senior Reporter
October 21, 2021
Technology, Equipment, Safety

ATRI Conducts Second Survey on Tech Adoption Rate

Dan Murray of ATRI

The American Transportation Research Institute has begun a survey of motor carriers and truck drivers to assess the state of adoption of truck safety technologies.

Eric Miller | Senior Reporter
October 21, 2021
Business, Logistics, TCA

Walmart Extends Delivery Hours for Orders Coming From Stores

Walmart Extends Delivery Hours for Orders Coming From Stores

The world’s largest retailer announced Oct. 21 that it is “delivering added convenience” with extended store delivery hours, more delivery windows and increased selection for same-day and next-day orders coming from local stores.

Kelly Tyko | USA Today
October 21, 2021
Government, Business, Technology, Equipment

September Trailer Orders Clear 28,000, Uncertain Conditions Persist

trailers

U.S. trailer orders in September reached the third-highest level this year, clearing 28,000. But that was far short of year-ago volumes, according to ACT Research.

Roger Gilroy | Senior Reporter
October 21, 2021
Business

Sutton Transport Acquires CRH Transportation’s LTL Division

Sutton Transport truck

Sutton Transport entered into an agreement Oct. 20 to purchase the less-than-truckload division of CRH Transportation.

October 21, 2021
Business

Amazon Staten Island Warehouse Workers Lead Push to Unionize

Amazon Staten Island Warehouse Workers Lead Push to Unionize

More than 2,000 workers at four Amazon.com Inc. facilities in Staten Island have signed a petition asking federal labor officials to greenlight an election to form a new union, according to organizers, the latest spasm of labor strife between the e-commerce giant and its employees.

Spencer Soper | Bloomberg News
October 21, 2021
Business, Logistics, Top 100

Landstar Reports Record Earnings, Revenue for Q3

Landstar truck

Landstar System Inc. saw revenue and earnings reach records during the third quarter of 2021, the company reported Oct. 20.

Connor D. Wolf | Staff Reporter
October 21, 2021
Business, Technology, Logistics

Volvo Warns More Chip Woes Will Curtail Truck Production

Volvo Warns More Chip Woes Will Curtail Truck Production

Volvo Group said the chip shortages and supply chain snarls will continue to cap truck making, leaving the Swedish manufacturer with little choice but to turn away some customers.

Rafaela Lindeberg | Bloomberg News
October 21, 2021
Business

CSX’s Q3 Earnings Beat Street Expectations

CSX locomotive

CSX Corp. announced third-quarter earnings that beat Wall Street analysts’ expectations. The Class I railroad's net income rose 32% to $968 million compared with $736 million in 2020.

Dan Ronan | Associate News Editor
October 21, 2021
Government, Business, Logistics

Union Pacific Reports Strong Q3 Earnings

Union Pacific

As freight volumes surge, Omaha, Neb.-based Union Pacific Railroad reported strong third-quarter results that significantly exceeded the company’s report from this time last year and beat Wall Street analysts’ expectations.

Dan Ronan | Associate News Editor
October 21, 2021
Government, Business, Technology, Fuel, Autonomous

Tesla Concerned About NHTSA’s Safety Pick

Missy Cummings at a Senate Committee on Commerce, Science, and Transportation hearing

Elon Musk and thousands of Tesla Inc.’s die-hard fans and customers are in an uproar about NHTSA’s new pick as its senior safety adviser.

October 21, 2021
Business, Technology, Fuel

Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year

Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year

Ford Motor Co.’s new Maverick tiny truck is nearly sold out for the 2022 model year in its standard setup with a gas-electric hybrid propulsion system.

Keith Naughton | Bloomberg News
October 21, 2021
Business, Top 100

Covenant Reports $274.6 Million in Revenue for Q3 2021

Covenant

Covenant Logistics Group Inc. saw revenue increase to $274.6 million during the third quarter of 2021, the company reported Oct. 20.

Connor D. Wolf | Staff Reporter
October 21, 2021
Business, Logistics

Canadian Pacific Reports Mixed Q3 Earnings

Canadian Pacific train

Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.

Dan Ronan | Associate News Editor
October 20, 2021
Business

Trucking Industry Now Short 80,000 Drivers

A professional truck driver

The trucking industry is now short at least 80,000 drivers, according to ATA Chief Economist Bob Costello, who on Oct. 20 raised the estimate of drivers needed from 61,500 in his annual findings.

Dan Ronan | Associate News Editor
October 20, 2021
Business, Technology, Fuel, Autonomous

Tesla Hits Record Profit Despite Parts Shortage

A sign bearing the company logo outside a Tesla store in Cherry Creek Mall in Denver

DETROIT — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history.

Tom Krisher | Associated Press
October 20, 2021
Business, Technology, TCA

Flock Freight Scores $215 Million for Tech That Finds Available Space on Trucks

Flock Freight illustration

Flock Freight, an Encinitas, Calif., trucking logistics firm that aims to revolutionize the way freight moves across the country, has landed another $215 million in venture capital.

Mike Freeman | The San Diego Union-Tribune
October 20, 2021