The Latest
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Permission granted by Penske Truck Leasing
Penske debuts AI platform to improve fleets’ key metrics
Fleets can use Catalyst AI to improve MPG and utilization by comparing data with similar fleets, according to the carrier.
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Provided by Union Pacific.
Hub Group M&A deal boosts Q1 revenue
With the integration of the former Forward Air segment in its rearview, CEO Phil Yeager says the company is “back in the market” for more deals.
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Courtesy of Lew Thompson & Son Trucking
Covenant reports $8M expense related to acquisition
The Lew Thompson deal came with a contingent consideration expense based on the subsidiary's performance.
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Michelle Rock/Trucking Dive
Trucks, trailers, tonnage: What transport data says about the state of the industry
ATA Truck Tonnage Index retreated in March, suggesting volumes remain lackluster, Chief Economist Bob Costello said.
Updated April 25, 2024 -
Courtesy of Old Dominion Freight Line via Business Wire
Old Dominion has hired 500 workers since September
Although demand still lags, the LTL giant staffed up “to get ahead of anticipated growth,” CFO Adam Satterfield said.
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Courtesy of Sheetz
Sheetz adds AI-powered fuel supply and dispatch
CLI Transport, the convenience retailer’s dedicated fuel carrier, partnered with Gravitate to optimize order generation, route planning and more.
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Permission granted by Benita Taube
Knight-Swift limits net loss to $2.6M in Q1
The trucking giant finally exited a third-party insurance business that has dragged its earnings.
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Courtesy of Volvo Trucks
White House earmarks $1.5B in push for freight decarbonization
Federal funds will support the electrification of ports and electric truck charging infrastructure, among other projects.
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Courtesy of Ryder
Ryder notes synergies developing for Cardinal Logistics acquisition
Total revenue for its dedicated segment in Q1 increased 24% year over year.
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Permission granted by Aurora
Aurora trucks without drivers reach highway speeds on test track
Testing reached 75 mph at a facility in Ohio, the company told Trucking Dive.
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Courtesy of PR Newswire
Forward Air hires longtime CEVA Logistics exec as CEO
Shawn Stewart succeeds Tom Schmitt in leading the LTL following its messy acquisition of Omni Logistics.
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Heartland Express posts $15 million operating loss
The carrier’s earnings were hit by a combination of extended weak demand, extreme weather and rising operating costs, CEO Mike Gerdin said.
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Courtesy of Daimler
Freightliner produces 1 millionth Cascadia
The brand’s flagship model has become the leading Class 8 truck on the market since its 2007 debut, Daimler Truck North America said.
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Courtesy of Lion Electric
Lion Electric lays off 120 workers
The electric truck and bus maker blamed delays from a government fund for the job cuts.
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shaunl via Getty Images
5 auto carriers propose $180M merger
Florida-based Proficient Auto Transport is leading the roll-up of the companies, whose largest customer is General Motors.
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"P.A.M. Transport Truck in Indianapolis" by Luke Coyle is licensed under CC BY-SA 3.0
PAM Transportation Services posts operating loss for Q1
The company’s TL operating ratio was 104.2% for the quarter.
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Provided by Schneider National
How Schneider National tapped into shipper needs post-Baltimore bridge collapse
Following a wave of freight rerouting requests, a quickly deployed email campaign gave the carrier’s drayage and other logistics services a boost.
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David Taube/Trucking Dive
Paccar opposes renewed push for environmental reporting
An investment firm has resubmitted a proposal that narrowly failed last year to require additional reporting by the OEM on its lobbying efforts.
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Colin Campbell/Trucking Dive
XPO, Estes, Saia begin to reopen Yellow’s former terminals
Remaining LTL players are incorporating the bankrupt carrier’s properties into their networks after scooping up its freight and assets last year.
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Giselleflissak via Getty Images
Employers worry training won’t keep pace with tech advancement
Business leaders responding to a survey said it’s never been so hard to plan for future talent requirements.
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Courtesy of ITS Logistics
Federal FLOW program welcomes more trucking members
ITS Logistics and RoadEx America joined the Department of Transportation initiative to better share data across supply chains.
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Kent Nishimura/Getty Images via Getty Images
Transportation modes absorb pressures after Baltimore bridge collapse
Delays, congestion and diversions are occurring, but supply chains are showing their resiliency.
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Permission granted by Benita Taube
Knight-Swift rejects unsustainable rates, projects earnings hit
The carrier revised its Q1 financials amid demand, overcapacity and weather woes.
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Permission granted by J.B. Hunt
J.B. Hunt operating income falls 30% YoY in Q1
The carrier’s brokerage unit was the lone bright spot in an otherwise dismal quarter.
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Courtesy of Kodiak Robotics
Kodiak promotes senior strategist to chief of staff
The tech startup promoted Lauren Harper as it seeks to ramp up operations this year.
