XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.
August 5, 2022Latest Articles
Business, Technology, Equipment 
Nikola Reports $18.1 Million Revenue
Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.
August 5, 2022 Business, Technology, Equipment 
CVG Q2 Results Slide
Diversified supplier Commercial Vehicle Group Inc. reported second-quarter net income and revenue fell, and new pricing began in July.
August 5, 2022 Government, Business, Technology, Safety 
NHTSA Probes Tesla Crashes That Killed Two Motorcyclists
DETROIT — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles.
August 5, 2022 Government, Business, Logistics 
Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks
Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.
August 5, 2022 Government, Business 
Democrats Say They’ve Reached Agreement on Economic Package
WASHINGTON — Senate Democrats have agreed to eleventh-hour changes to their marquee economic legislation, they announced late Aug. 4, clearing the major impediment to pushing one of President Joe Biden’s paramount election-year priorities through the chamber in coming days.
August 5, 2022 Government, Business 
Employers Added 528,000 Jobs in July
WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.
August 5, 2022 Government 
Senate Votes to Overturn Biden Environmental Rule
WASHINGTON — The Senate on Aug. 4 voted to overturn a Biden administration rule requiring rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells.
August 4, 2022 Business, Technology, Logistics, Breaking News, For-Hire 
XPO Names Mario Harik to Succeed Brad Jacobs as CEO
XPO Logistics Inc. announced that Mario Harik will succeed Brad Jacobs as CEO of XPO and join the board of directors following XPO’s planned spinoff of its tech-enabled brokerage platform.
August 4, 2022 Business, Logistics 
Apollo-Led Group to Buy Cargo-Hauler Atlas Air for $3.2 Billion
An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $3.2 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.
August 4, 2022 Business, Equipment 
July Class 8 Orders Take Expected Downturn
North American Class 8 orders in July, not unexpectedly, crawled to 11,400, the lowest point of the year. ACT Research reported the figure, citing truck makers’ data that was preliminary but largely complete.
August 4, 2022 Government, Business, Technology, Safety, Fuel, Logistics 
ATA’s Chris Spear Optimistic About Trucking Economy, R.I. Tolling Verdict
American Trucking Associations President Chris Spear said the trucking industry continues to show resilience despite challenges in the U.S. economy, marked by two straight quarters of negative gross domestic product and interest rate hikes by the U.S. Federal Reserve that aim to slow decades-high...
August 4, 2022 Government, Business, Safety, Fuel 
Senate Debates Freight-Centered Budget Bill
Legislation that aims to reduce emissions at commercial ports and freight corridors is topping Senate Democrats’ legislative priorities ahead of the upcoming congressional summer recess.
August 4, 2022 Government, Business 
FMCSA Nominee Robin Hutcheson Awaits Senate Confirmation
President Joe Biden’s pick to oversee federal trucking regulations is awaiting a confirmation vote in the U.S. Senate.
August 4, 2022 Business, Logistics, For-Hire 
U.S. Xpress Reports $554M Revenue for Q2
U.S. Xpress Enterprises posted revenue gains but sluggish earnings during the second quarter of 2022, the company reported Aug. 3.
August 4, 2022 Government, Business, TCA 
NOAA Still Expects Active Hurricane Season
It’s been a quiet hurricane season so far, but the National Oceanic and Atmospheric Administration says a busy peak is ahead. The agency expects 14 to 20 named storms, with six to 10 developing into hurricanes and three to five of those strengthening into major storms of Category 3 and up.
August 4, 2022 Business, Logistics, For-Hire 
Werner Enterprises Reports Record for Q2
Werner Enterprises achieved its eighth consecutive quarter of record earnings per share during the second quarter of 2022, the company reported Aug. 3.
August 4, 2022 Business, Technology, Logistics, For-Hire 
Schneider Launches Digital Marketplace for Bulk Shippers
Schneider National launched a new digital marketplace that aims to give bulk shippers more flexibility and visibility, the carrier announced Aug. 4.
August 4, 2022 Business, Logistics 
LTL Carrier Yellow Reports Strong Q2 Earnings
Leaders with less-than-truckload carrier Yellow Corp. are touting the company’s fifth successive quarter of financial improvement and strong second-quarter earnings that beat Wall Street expectations.
August 4, 2022 Business, Technology, Equipment 
Allison Cites Resilient Demand in Q2 Revenue Gain
Allison Transmission Holdings Inc. reported gains in net income and revenue in the second quarter as demand continued.
August 4, 2022