Truck News

Besides the disruption caused by the wars in Iran and Ukraine that have driven up the cost of fuel, Exxon is also seeing strong production in its fields in Guyana and the Permian Basin.

Brent crude climbed 2.5% to $113.51 a barrel. Brent remains near the high end of its range since the war with Iran began. 

FedEx Freight offered mixed results in its first earnings report, pointing to transitional bumps as the company learns to stand on its own.

FedEx CEO Raj Subramaniam echoed industry optimism over tightening trucking capacity Oct. 28, despite facing short-term cost headwinds.

Amazon offered a cautious sales outlook for Q4 that encompasses the critical holiday shopping period after delivering Q3 results that came in below analysts' expectations.

“When you look at the margin profile of the big truckers, it’s still not exceeding your weighted average cost of capital," said Knight-Swift Transportation CEO Adam Miller. "And so we’re going to have to push that further.” 

Higher fuel costs and employee health and dental benefits are set to hurt Old Dominion Freight Line’s industry-leading operating ratio in Q4 2026.

International Motors will offer customers a choice of two engines for heavy-duty trucks in 2027, parent company Traton Group’s top executive confirmed Oct. 28.

Rising costs risk taking some of the shine off sales of high-margin pickups and SUVs that have propelled earnings this year.

The results underline the challenges facing the company as it seeks to cut costs through a restructuring that could mean the loss of up to 100,000 jobs and the closure of four German plants.