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Odyssey Realigns Business Structure With Four New Divisions

Odyssey Logistics & Technology The divisions will cover supply chain components for intermodal, transport and warehousing, freight forwarding and managed services. (Odyssey Logistics & Technology via YouTube)

Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.

May 9, 2022
Business, Fuel

At More Than $4.30 a Gallon, Gasoline Nears Its March Record

Customer pumps gas into car A customer pumps gas into his car at a San Francisco gas station on April 27. (David Paul Morris/Bloomberg News)

Gasoline pump prices in the U.S. are rising to within a hair of an all-time record three weeks ahead of the peak driving season.

Chunzi Xu | Bloomberg News
May 9, 2022
Business, Logistics, For-Hire

U.S. Xpress Reports Earnings Loss Despite Revenue Gains

U.S. XPress truck John Sommers II for Transport Topics

U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.

Connor D. Wolf | Staff Reporter
May 9, 2022
Government, Business, Safety

Senate Panel Advances Water Infrastructure Bill

Port Containerships at the Port of Tacoma. (Ted S. Warren/Associated Press)

Legislation designed to enhance funding for the country’s commercial waterways was easily approved by the Senate Environment and Public Works Committee this month.

Eugene Mulero | Senior Reporter
May 9, 2022
Business, Equipment, Fuel

Lordstown Motors Again Postpones Deadline for Foxconn Plant Deal

The Lordstown Motors Corp. Endurance electric pickup truck The Lordstown Motors Corp. Endurance electric pickup truck. On May 9, Lordstown signaled delays in plans for mass production of the pickup. (Matthew Hatcher/Bloomberg News)

Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn.

David Welch | Bloomberg News
May 9, 2022
Business, Technology, Logistics, Autonomous

Volvo Autonomous Solutions, DHL to Partner on Hub-to-Hub Transport

Volvo DHL truck Volvo

Volvo Autonomous Solutions announced it will offer a new hub-to-hub autonomous transport solution in North America, designed to serve shippers, carriers, logistics service providers and freight brokers.

May 9, 2022
Business, Technology, Equipment

COMING SOON: Optimize

Attention trucking technology and logistics leaders! This quarter's can't-miss virtual learning sessions are almost here. Join conversations between Transport Topics reporters and expert guests centered on the rising trends and issues in technology and freight logistics. 

May 9, 2022
Government, Business, Technology, Equipment, Fuel

Industry Leaders Raise Concern About Proposed EPA NOx Rule

Cummins hydrogen tractor Most OEMs, like Cummins, support stronger NOx requirements and efforts to reduce emissions eventually down to zero. (Cummins Inc.)

The Environmental Protection Agency is proposing its first new rules governing heavy-truck nitrogen oxide emissions in two decades, but engine manufacturers say the proposals would be difficult to meet and counterproductive because they could slow the move to cleaner technology.

Steve Brawner | Special to Transport Topics
May 9, 2022
Business, Technology, Fuel

Rivian Tumbles After Report of Ford Share Sale at a Discount

Rivian Rivian R1T electric vehicle pickup trucks on the assembly line. (Jamie Kelter Davis/Bloomberg News)

Rivian Automotive Inc. sank 21% after a media report that Ford Motor Co. is selling 8 million of its shares in the electric-pickup maker at a discount.

Stefan Nicola | Bloomberg News
May 9, 2022
Business, Logistics

Universal Reports Higher Results in Historic Q1 for Company

Universal Logistics trucks on a lot Univeral Logistics Holdings set all-time company records for highest operating revenues, largest operating income and best earnings per share. (Universal Logistics via Facebook)

Universal Logistics Holdings experienced higher earnings and revenue during a historic first quarter, the company reported May 5.

Connor D. Wolf | Staff Reporter
May 6, 2022

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