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Business, Technology, Fuel
2022 Ford Maverick. (Ford Motor Company)
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.
October 21, 2021
Business, Top 100
Dan Henry for Covenant Transport
Covenant Reports $274.6 Million in Revenue for Q3 2021
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.
October 21, 2021
Business, Logistics
Don MacKinnon/Bloomberg News
Canadian Pacific Reports Mixed Q3 Earnings
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.
October 20, 2021
Business
The driver shortage is most severe in the longhaul sector. (DuxX/Getty Images)
Trucking Industry Now Short 80,000 Drivers
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.
October 20, 2021
Business, Technology, Fuel, Autonomous
A sign bearing the company logo stands outside a Tesla store in Cherry Creek Mall in Denver. (David Zalubowski/Associated Press)
Tesla Hits Record Profit Despite Parts Shortage
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.
October 20, 2021
Business, Technology, TCA
Flock Freight says its shared truckload technology allows carriers to improve on-time delivery. (Flock Freight/YouTube)
Flock Freight Scores $215 Million for Tech That Finds Available Space on Trucks
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.
October 20, 2021
Business, Technology, Fuel, Autonomous, TCA
Seemingly an Odd Couple, Tesla and Texas Becoming Tightly Intertwined
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.
October 20, 2021
Government, Business, Safety
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)
Senate Commerce Panel Approves FMCSA Nominee
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.
October 20, 2021
Business
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
New trailers line up at the Stoughton plant in Stoughton, Wis. (Stoughton Trailers)
Rental/Lease Trailer Inventory Rises in 2021
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.
October 20, 2021