The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.
Category: News
Panama Canal Does Some Good for Environment While Upending Historic Trade Routes
Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet.
Data on Private Hiring Suggest Job Market Is Moderating
Companies adding fewer workers to U.S. payrolls in June than the prior month indicates the job market may be cooling after outsized gains earlier this year, data from the ADP Research Institute showed July 6.
Cathay Pacific to Buy Out Partner DHL’s 40% Stake in Cargo Unit
Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.
Oregon’s $5.3 Billion Transportation Plan Clears Final Hurdle
Oregon’s most ambitious highway upgrades in a generation won final approval from the Legislature on July 6.
FedEx, Boeing Announce Big Cargo Freighter as Next ‘Flying Testbed’
A Boeing 777 made for FedEx Express will be the latest in the aircraft manufacturer’s ecoDemonstrator series of planes designed to test emerging technologies.
Waymo Drops Most Patent Claims in Autonomous Tech Fight With Uber
Waymo dropped three of four patent-infringement claims in its lawsuit against Uber Technologies Inc. over the startup’s autonomous vehicle program.
Connecticut’s Governor Promotes State’s Transportation Lockbox
The preferred fix for the $200 million tunnel upgrade is construction of a third tunnel to speed repairs and offer an alternative for emergencies.
Oil Posts Weekly Decline as US Drillers Resume Expansion
Oil prices declined for the week of July 3, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.
Mack Trucks to unveil new highway tractor in September
Famed ‘Big Red’ moves into Evel Knievel museum in Kansas
Mack Trucks said it will unveil a new Class 8 highway truck on Sept. 13.
The company launched a major social medi…