Category: News

The Memphis, Tenn.-based transportation services company on Dec. 19 reported net income of $740 million, or $3.03 a diluted share, for the three months ending Nov. 30.

Congress recently cleared for President Joe Biden’s desk its annual defense policy bill, which includes trucking-centric provisions.

It isn’t clear whether congressional Democrats or the White House have agreed to the latest package. House Republicans plan to vote on it Dec. 19.

FedEx said it plans to spin off its freight division into a separate publicly traded company, a move that will advance Chief Executive Officer Raj Subramaniam’s push to streamline the giant.

The Delaware Chancery Court ruled that TuSimple co-founder and former CEO Xiaodi Hou’s challenge to board selections and governance changes had enough merit to win the court’s time.

The Teamsters said the workers, who voted to authorize strikes in recent days, joined picket lines after Amazon ignored a Dec. 15 deadline the union set for contract negotiations.

Legislation designed to facilitate commercial drivers’ applications for security credentials was recently cleared by Congress for President Joe Biden’s desk.

Biden said the new goal keeps the U.S. on track to achieve net-zero greenhouse gas emissions economy-wide by 2050. It calls for reducing net emissions by 61% to 66% below 2005 levels in 2035.

U.S. trailer orders experienced another month trending below the year-ago results in November, ACT Research reported.

New laws to curb predatory towing practices were passed in five states in 2024, aiming to curtail abusive financial practices targeting ordinary motorists and commercial drivers alike.