Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.
Category: News
Freight Recession Still Squeezing Marten’s Profits, Margins
Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.
Ontario Targets Predatory Towing Practices
Cracking down on predatory towing, Ontario now requires tow truck drivers and vehicle storage operators to have a certificate to operate in the first such move by a Canadian province.
Perspective: Using Technology to Protect Cargo From Theft
Cargo theft is often a subtle process, making it difficult to prevent. With cargo theft relying increasingly on subterfuge, the security apparatus on the shop floor must evolve accordingly.
American Farmers’ Next Hot Commodity Is Canola for Biofuels
A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.
Shipping Gets Dirtier as Houthi Attacks Fuel Longer Voyages
Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the Red Sea.
Yokohama to Buy Goodyear’s OTR Tire Business for $905 Million
Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s Off-the-Road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.
EPA Awards $4.3B to Pollution Reduction Projects in 30 States
WASHINGTON — The Environmental Protection Agency is awarding $4.3 billion in grants to fund projects in 30 states to reduce climate pollution.
Stellantis Forks Out $190 Million in US Fuel-Economy Fines
Stellantis NV paid $190 million in civil penalties in the first half of 2024 for failing to meet U.S. fuel efficiency standards, filings with regulators showed.
Truck Maker Hyzon Raises Funds for Working Capital
Hyzon Motors is set to bolster its working capital through an equity sale, the latest move in the hydrogen fuel cell-powered truck maker’s ongoing restructuring, it said July 19.