Category: News

Norfolk Southern Corp. saw its fourth-quarter revenue fall by 4% as freight volume fell in most of the commodities it moves.

Used Class 8 sales rose in December along with double-digit gains in prices as the average heavy-duty truck’s mileage and age remained below year-earlier levels, ACT Research reported.

A new round of COVID-19 economic relief that would include aid for hard-hit transportation systems will be up for consideration in early February, Senate Majority Leader Chuck Schumer indicated Jan. 28.

Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge.

Canadian Pacific Railway posted higher net income despite slightly softer revenue in the fourth quarter, the Class I freight railroad announced Jan. 28.

A unit of truck stop chain Pilot Co., which is partly owned by Warren Buffett’s Berkshire Hathaway Inc., is buying an ethanol plant just as the beleaguered industry may be turning around.

The U.S. economy downshifted in the final three months of 2020 after record third-quarter growth, as the pandemic battered the labor market and limited Americans’ ability and willingness to spend.

Experts advised people to manage their expectations of automated vehicles for their traveling capabilities.

Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January.

New directives approved by President Joe Biden in response to climate change set in motion an extensive environmental agenda throughout federal agencies while rolling back Trump-era guidance on permitting.