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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 2022 Ford Maverick. (Ford Motor Company)

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 Dan Henry for Covenant Transport

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 Don MacKinnon/Bloomberg News

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 driver shortage is most severe in the longhaul sector. (DuxX/Getty Images)

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 A sign bearing the company logo stands outside a Tesla store in Cherry Creek Mall in Denver. (David Zalubowski/Associated Press)

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 says its shared truckload technology allows carriers to improve on-time delivery. (Flock Freight/YouTube)

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
Business, Technology, Fuel, Autonomous, TCA

Seemingly an Odd Couple, Tesla and Texas Becoming Tightly Intertwined

Elon Musk speaks at the SpaceX launch facility in Cameron County, Texas, in 2019

It seems like an unlikely marriage: Tesla, the world’s biggest electric automaker, moving its headquarters to Texas — where the oil and gas industry is etched in the state’s DNA and where, unless something changes, Tesla isn’t even allowed to sell its vehicles directly to customers.

By Bob Sechler and Kara Carlson | Austin American-Statesman
October 20, 2021
Government, Business, Safety

Senate Commerce Panel Approves FMCSA Nominee

Meera Joshi FMCSA deputy Administrator Meera Joshi honors truck drivers at a National Truck Driver Appreciation Week event on Sept. 16. (U.S. Department of Transportation via Twitter)

WASHINGTON — The nomination of Meera Joshi, President Joe Biden’s pick to lead the Federal Motor Carrier Safety Administration, advanced to the floor of the U.S. Senate on Oct. 20.

Eugene Mulero | Senior Reporter
October 20, 2021
Business

TT Newsmakers

TT Newsmakers

What are the next steps to strengthen the supply chain and how can transportation professionals manage in the midst of disruption? Hear from Jonathan Gold, Vice President for Supply Chain and Customs Policy at the National Retail Foundation. Reserve your seat now for the Nov. 1 program.

October 20, 2021
Business, Equipment

Rental/Lease Trailer Inventory Rises in 2021

New trailers line up at the Stoughton plant in Stoughton, Wis. New trailers line up at the Stoughton plant in Stoughton, Wis. (Stoughton Trailers)

A 2021 inventory by WillGo Transportation Consulting puts the number of rental/lease trailers at 6.5% higher than a year earlier, according to a recent survey of certain North American companies in that sector.

Roger Gilroy | Senior Reporter
October 20, 2021

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