The freight market is like a seesaw boxing match, with cycles of “boom” and “bust” happening more frequently. When capacity grows tight, carriers take swings to increase rates. Shippers strike back to lower contract prices as soon as they gain the uppe…
Category: News
Factory Gauge Contracts at Slowest Pace in Nearly a Year
A measure of U.S. factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers.
Randall Reflects on Mack MD’s Market Entry
ELKHART LAKE, Wis. — Mack Trucks North America overcame years of upheaval after its reentry into the medium-duty market mere weeks before the coronavirus pandemic, company President Jonathan Randall reflected.
Tesla Q3 Sales Rise 27% but Fall Short of Estimates
Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades.
Rivian’s Forecast Falls Short
Rivian Automotive disappointed investors by maintaining its full-year guidance even as production and deliveries in the third quarter exceeded Wall Street expectations.
Mack Trucks Reaches Tentative Agreement With UAW
Mack Trucks and the United Auto Workers Union have announced they’ve come to a tentative agreement, which now avoids any potential strike among thousands of workers at the Lower Macungie, Pa., plant.
Mack Showcases Medium-Duty Trucks With Driving Event
SHEBOYGAN, Wis. — Mack Trucks showcased its medium-duty offerings Sept. 26 by inviting reporters to test drive three different trucks.
Port of Baltimore’s Public Marine Terminals Set Cargo Record
The Port of Baltimore’s state-owned public marine terminals surpassed a cargo volume record reached in 2019 before the pandemic by handling 11.6 million tons of cargo during fiscal 2023.
Government Shutdown Averted; Funding Extended to Mid-November
WASHINGTON — The threat of a federal government shutdown ended late Sept. 30, hours before a midnight deadline, as Congress approved a temporary funding bill to keep agencies open.
Census Bureau: Two Trucking Sectors Prospered During Pandemic
Freight forwarding and longhaul trucking for truckload experienced the highest business booms for revenue during the pandemic, a new U.S. Census Bureau transportation analysis shows.