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Plunging Pickup Truck Sales Threaten Detroit’s Profit Engine

Sales of pricey pickup trucks at Stellantis, Ford and GM faltered in the first quarter, a sign that high borrowing costs are eroding Americans’ appetite for automakers’ main profit driver.

April 3, 2024

House Passes Supply Chain Shipping Bill

The Ocean Shipping Reform Implementation Act, sponsored by Reps. Dusty Johnson and John Garamendi, was approved on March 21 by a vote of 393 to 24.

April 3, 2024

TCA Tackles Trucking Challenges, Opportunities

The Truckload Carriers Association tackled the challenges and opportunities facing trucking while also recognizing industry leaders during its annual meeting.

April 3, 2024

NMFTA Establishes New LTL eBOL Standards

The National Motor Freight Traffic Association announced an update to its electronic bill of lading standards March 26 to help digitize less-than-truckload shipping.

April 3, 2024

Workers Had Little Warning as Maryland Bridge Collapsed

The deaths of six workers killed in the collapse of the Francis Scott Key Bridge in Baltimore have raised questions about safety precautions.

April 3, 2024

US Cancels Latest Oil Reserve Refill Plan Amid High Prices

The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.

April 3, 2024

US Companies Added 184,000 Jobs in March, ADP Data Shows

U.S. companies boosted hiring last month by the most since July in a broad advance and some wage gains accelerated, pointing to solid demand for workers.

April 3, 2024

Car Shipper Takes $10 Million Hit From Bridge Collapse

Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.

April 3, 2024

OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel

OPEC+ chose to stick with oil supply cuts for the first half of the year, keeping global markets tight and potentially sending prices higher.

April 3, 2024

Update: US Traffic Deaths Decline by 3.6% in 2023

U.S. traffic deaths fell 3.6% last year despite an increase in miles travelled, according to new estimates by NHTSA. Still, almost 41,000 people were killed in motor vehicle traffic crashes on the nation’s roadways in 2023.

April 2, 2024