The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
February 22, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
GXO Plans to Buy Clipper for About $1.3 Billion
GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.
February 22, 2022Narrow Window to Clear Clogged L.A. Ports Hinges on Demand Waning
The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.
February 22, 2022ATA, OOIDA Urge Buttigieg to Commit Funds to Truck Parking
Transportation Secretary Pete Buttigieg is being urged to prioritize infrastructure funds to boost the nation’s truck parking capacity.
February 24, 2022Truckload Sector Sees Continued Strength in Q4
The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.
February 18, 2022Elon Musk’s Boring Co. Submits Plan for North Miami Beach Tunnel
Elon Musk’s Boring Co. is seeking to build an underground loop around North Miami Beach for Tesla vehicles, the latest idea to help address traffic in an ever-growing part of Florida with limited public transportation.
February 18, 2022Gas, Grocery Price Hikes Spur States to Pursue Tax Relief
Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk and electricity.
February 18, 2022DHL Express Sues City Over Possible Lockout at San Antonio Airport
International shipping services provider DHL Express has operated at San Antonio International Airport for more than 30 years, but it’s facing a possible lockout over an alleged lease violation.
February 17, 2022Senators Propose Fuel-Tax Holiday Amid Funding Debate
Congressional lawmakers are proposing measures that include a suspension of the federal gas tax to stave off soaring prices at the pump, and are considering other remedies to ease inflationary price increases as Congress averted a federal government shutdown by passing a short-term spending measure.
February 17, 2022Ryder Reports Q4, Full-Year Revenue Growth
Vehicle leasing and rental company Ryder System Inc. on Feb. 16 reported strong fourth-quarter and full-year 2021 earnings that easily exceeded Wall Street analysts’ expectations.
February 17, 2022