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Hub Group Misses Analyst Expectations on Weak Q2 Market

Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.

August 2, 2024

Cummins Q2 Profit Rises on Higher Generator, Engine Sales

An increase in sales of power generators and heavy-duty truck engines boosted profits at Cummins Inc. in the second quarter of 2024, the company said Aug. 1.

August 2, 2024

British Columbia Investing in Hydrogen Hub on Highway 16

Canada’s British Columbia will grant $108,000 to develop a regional hydrogen hub to support business development along its western Highway 16 freight corridor from central Prince George to the Pacific Coast.

August 2, 2024

Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

August 2, 2024

OPEC Kept Oil Output Steady in July

OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.

August 2, 2024

US Trucking Embraces Renewable Diesel for Cleaner Operations

Renewable diesel as a drop-in fuel for diesel combustion engines is starting to gain traction in the U.S. trucking industry, said suppliers, distributors and federal energy researchers.

August 2, 2024

NTSB Wants to Replace Weak Railroad Tank Cars

The fiery North Dakota derailment that burned for days early last month was the latest train crash to involve the flawed tank cars that the NTSB has been trying to get off the tracks for decades.

August 2, 2024

Future of Combustion Engines Promises Efficiency, Green Fuels

Advanced researchers and engine makers say the internal combustion engine’s ability to be more efficient and run on greener fuels means an extended life.

August 2, 2024

Chevron to Quit California for Texas After Warning on Rules

Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business.

August 2, 2024