More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.
October 17, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
CSX Sees 8% Profit Growth Despite Southeast Storm Damage
The Florida-based railroad is recovering from hurricanes Helene and Milton that battered its network in the Southeast. Some trains had to be rerouted as tracks are cleared and repaired.
October 16, 2024Deere Cuts 300 Jobs as Farm Equipment Sales Decline
Deere said it boosted its workforce when demand surged during the COVID-19 pandemic, which roiled supply chains, only for the farm economy to start slowing.
October 16, 2024Supreme Court Greenlights EPA’s Power Plant Emission Rules
Opponents, including trade groups and companies in the power and mining industries, were seeking to halt the rules while a legal challenge goes forward at a federal appeals court.
October 16, 2024September Medium-Duty Truck Sales Fall 9.4% Year on Year
Overall, sales of Classes 4-7 trucks fell 9.4% year on year in September. Four out of the nine months in 2024 have seen a year-over-year decrease.
October 16, 2024Federal Aid Tops $2B for Recovery From Helene, Milton
The federal government has been under intense pressure to show that it is getting help to areas devastated by the back-to-back hurricanes and warns that more money will be needed.
October 16, 2024States Temporarily Lift Fuel Tax Rules for Hurricane Relief
The exemptions are designed to facilitate aid delivery to Southern states still recovering from hurricanes Milton and Helene.
October 16, 2024J.B. Hunt Q3 Profit Beats Expectations, Boosts Share Price
Profit at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volume rose year over year.
October 16, 2024Toyota Joins With Boston Dynamics on AI-Powered Robots
Toyota Motor Corp.’s research unit and Hyundai Motor Co.’s Boston Dynamics are joining forces to speed up development of humanoid robots with artificial intelligence.
October 16, 2024Aurora: Autonomous Trucks Can Reduce Risk, Insurance Costs
NASHVILLE, Tenn. — Autonomous trucks could help ease liability risk and alleviate rising insurance costs in the trucking industry by proactively identifying hazards and avoiding crashes.
October 16, 2024