Strategic Tactics Drive Cargo Theft Rise
The trucking industry has faced an increase in cargo thefts this year, with thieves developing more sophisticated and strategic tactics.
July 27, 2023Covenant Reports Revenue, Earnings Decline for Q2
Covenant Logistics Group Inc. reported a year-over-year decrease in revenue and earnings during the second quarter of 2023, the company reported July 26.
July 27, 2023June Used Class 8 Sales Little Changed From Last Year
Used Class 8 truck sales in June came in at 21,500 units, equal to sales figures from the year-ago period, ACT Research reported.
July 26, 2023Knight-Swift Reports 71% Earnings Drop for Q2
Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.
July 21, 2023M&A Trucking Market Weathers 2023 Headwinds
The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.
July 20, 2023June Trailer Orders Drop 59% Year-Over-Year
U.S. trailer orders continued the trend of year-over-year declines with a large drop in June, according to data released by ACT Research.
July 20, 2023J.B. Hunt Reports Year-Over-Year Declines for Q2
J.B. Hunt Transport Services experienced a year-over-year decline in earnings and revenue during the second quarter, the company reported July 18.
July 19, 2023Love’s Musket Corp. Opens First DEF Terminal in Alabama
Love’s Family of Companies announced July 12 that its trading and logistics arm, Musket Corp., has opened its first diesel exhaust fluid terminal in Alabama.
July 17, 2023June Class 8 Orders Continue Rebound
North American Class 8 truck orders experienced a year-over-year increase for the second month in a row during June, ACT Research reported.
July 12, 2023ZS Fund Unites Lily Transportation, Transervice
Private equity firm ZS Fund has acquired dedicated contract carriage company Lily Transportation Corp., the company announced July 11.
July 11, 2023