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Maersk Raises Profit Outlook

A.P. Moller-Maersk, a bellwether for global trade, said the world’s supply lines are more impacted than previously expected by the ripple effects coming from the congestion in the Red Sea.

June 4, 2024

International Paper Seeks to Reassure DS as Suzano Plots Bid

International Paper Co.’s top boss traveled to London to reaffirm his company’s commitment to merger partner DS Smith, downplaying a takeover offer from Suzano.

June 3, 2024

Diesel Price Dips 3.2¢ a Gallon to $3.726

The national average diesel price extended its downward movement, shedding 3.2 cents a gallon to $3.726, according to Energy Information Administration data released June 3.

June 3, 2024

South Accounts for Lion’s Share of Factory Construction Boom

States in the U.S. South are at the forefront of a massive renaissance in construction projects aimed at enhancing manufacturing capacity and supply chain resiliency.

June 3, 2024

Einride Becomes Peterbilt’s Biggest BET Customer

Einride will buy 150 Model 579EV battery-electric trucks from Peterbilt, the truck maker’s biggest EV order so far, the companies said.

June 3, 2024

Oregon Champ Shamrell Excited to Make Familiar Trek

After winning his 10th Oregon grand championship, FedEx Freight 3-axle driver Dan Shamrell is preparing to compete in his 18th NTDC.

June 3, 2024

Truck-Specific Navigation Software Offers Safety, Efficiency

As navigation and routing software applications grow more granular, developers are working to integrate pertinent data to support safe, efficient fleet operations.

June 3, 2024

Full Port of Baltimore Channel Set to Open by June 10

The Army Corps of Engineers now expects to have the full Federal Channel into Port of Baltimore open by June 10 at the latest, a slightly later target than their original timeline of late May.

June 3, 2024

CalAmp Files Bankruptcy to Complete Restructuring

CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt.

June 3, 2024