Category: News

AURORA, Colo. —  As land around the nation’s congested seaports gets more expensive, executives at  AAPA’s annual convention said a viable option is to develop inland ports.

Transportation leaders in the U.S. House of Representatives recently raised awareness about the funding needs of an account central to highway projects.

WASHINGTON — Republicans eagerly elected Rep. Mike Johnson as House speaker on Oct. 25, elevating a deeply conservative but lesser-known leader to the seat of U.S. power and ending for now the political chaos in their majority.

Snarled traffic added $94.6 billion in costs to the trucking industry in 2021, up from $74.5 billion in 2016, according to a study by the American Transportation Research Institute.

Convoy, the Seattle-based freight startup that shut down last week, is being sold, according to a former Convoy employee familiar with the deal.

HOUSTON — An FBI cyberintelligence specialist stressed the importance of trucking cybersecurity to the health of the economy during an Oct. 23 presentation. 

OMAHA, Neb. — The costs related to the East Palestine derailment grew to $966 million for Norfolk Southern. The railroad said Q3 profit of $478 million was half of last year’s $958 million.

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consumer goods.