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Intermodal Chassis Manufacturers Pull Back on Output
Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.... Read more
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Buttigieg to Defend Fiscal 2025 Budget in Congress
The nation’s top transportation officer will defend the White House’s fiscal 2025 funding request for his department when he appears before congressional funding panels.... Read more
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Top 100 For-Hire Carriers: How to Get on the List
Find out how your trucking business stacks up by submitting data for the 2024 Transport Topics Top 100 For-Hire Carriers publication.... Read more
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Get More Bang for Your Buck
Did you know truck drivers listen to SiriusXM an average 55+ hours each week? The SiriusXM Fleet Program keeps your drivers informed, engaged, and entertained along every mile. Our 150+ channels of ad-free music, as well as sports, news, talk…... Read more
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Truck, Trailer Reefer Weakness Hurts Carrier Global Profits
Carrier Global profits dropped in the first quarter of 2024, with results hurt by weaker North American truck and trailer refrigeration sales, the company said April 25.... Read more
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Liquid Hydrogen Fast-Fill Pumps Promise Speedy Fueling Times
OAKLAND, Calif. — Hydrogen fuel cell technology holds significant promise for over-the-road trucking applications, but refueling with hydrogen can be complex, experts said at an event.... Read more
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NTSB Nominee Homendy on Senate Panel’s Agenda
A vote on the nomination of Jennifer Homendy to continue her term as chairwoman of the National Transportation Safety Board is on a Senate panel’s calendar.... Read more
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Landstar Reports Revenue Decline for Q1
Landstar System Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 24.... Read more
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Knight-Swift Reports Earnings Drop Amid Revenue Growth
Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.... Read more
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Mullen Group Reports Lower Revenue for Q1
Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.... Read more
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Tesla Promises Semi Truck Production to Begin in Late 2025
Tesla Inc.’s touted Class 8 Semi tractor is likely to begin rolling off the company’s Reno, Nev., production line late next year, according to a senior executive.... Read more
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First Ship Leaves Port of Baltimore via Deeper Channel
The first of 11 ships trapped for a month behind the wreckage of the Francis Scott Key Bridge left the Port of Baltimore April 25 using an alternate shipping channel that had just opened.... Read more
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FMCSA Plans to Revamp Registration Process
Federal trucking regulators are in the early stages of developing a new online registration process aimed at reducing fraud and improving transparency and efficiency.... Read more
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Covenant Q1 Profit Slumps 76% on Freight Rate Weakness
Covenant Logistics Group profits tumbled in the first quarter of 2024, with freight rates and volumes taking a toll on earnings as expected.... Read more
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Micron Clinches Up to $13.6 Billion in US Grants, Loans
The U.S. plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories.... Read more
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AI Revolutionizes 3PL: Saves Time, Gains Margin
The shipping and supply chain industry, a linchpin of global commerce, has long wrestled with outdated and error-prone data handling processes. Traditionally, businesses have relied on tedious manual processes, accepting them as a necessary cost of operations. The boom of AI has opened the door to innovate workflows that are... Read more
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Hertz Reports $392 Million Loss
Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.... Read more
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Amazon Web Services to Build Data Center in Northern Indiana
NEW CARLISLE, Ind. — Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs, state and company officials announced.... Read more
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Caterpillar Volumes Slip From Year-Ago Levels
Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.... Read more
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Union Pacific’s First-Quarter Profit Creeps Up 1%
OMAHA, Neb. — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.... Read more
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TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.... Read more
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Economic Growth Slowed Sharply Last Quarter to 1.6% Pace
WASHINGTON — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.... Read more
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Ford Beats Sales Estimates on Strong Demand for Work Trucks
Ford Motor Co., rapidly retooling its electric vehicle strategy in a decelerating market for plug-ins, posted first-quarter results that beat expectations on strong sales of work trucks.... Read more
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Tonnage Numbers Hit 13th Month of Declines
Truck tonnage reached 13 consecutive months of year-over-year declines after a slight decrease in March, American Trucking Associations reported April 23.... Read more
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Softer Global Truck Tire Demand Drags on Michelin Q1 Sales
Michelin posted a 4.1% year-over-year decrease in tire sales in the first quarter of 2024, citing softer overall demand in the truck and specialty tire segments.... Read more