Spot Rate Bottom Unclear Amid Capacity, Demand Mix
The spot market continuing to deal with excess capacity amid weakening demand has raised uncertainty over whether rates have actually bottomed.
Recruiting, Retaining Next-Generation Drivers a Challenge
MINNEAPOLIS — The next generation of truck drivers could help fill some of the driver shortage, but recruiting and retaining younger drivers won’t be easy.
March Class 8 Orders Stumble
North American Class 8 orders in March ended a short-lived recovery by dropping to 19,200 units, ACT Research reported.
FedEx Targets $4 Billion Cuts by Merging Delivery Networks
FedEx Corp. is seeking to cut $4 billion in costs by combining its two main delivery networks, in an ambitious plan by new CEO Raj Subramaniam to increase profit margins.
Walmart Bets on Automation, Dangles Profit Potential
Walmart Inc. is betting on greater supply chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.
House Lawmakers Unveil Trucking Workforce Bill
Reps. Mike Gallagher (R-Wis.) and Abigail Spanberger (D-Va.) unveiled the Strengthening Supply Chains Through Truck Driver Incentives Act in response to the truck driver shortage.
GM Passes Ford in Q1 EV Sales, Still Trails Tesla
DETROIT — General Motors rode strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race.
Ford Sales Up 10.1% in Q1
Ford Motor Co.’s sales rose 10.1% year-over-year in the first quarter, lifting the Blue Oval to the best-selling brand — but not manufacturer — in the country for the January
GM’s BrightDrop Ships First 500 EV Vans From Ontario
BrightDrop has shipped the first 500 electric delivery vans out of CAMI Assembly in Ontario, Canada, that opened three months ago, the company said April 3.
Delaware Bill Would Hike Fines for Residential Truck Parking
A bill to force truckers to stay away from Delaware residential parking or pay skyrocketing fines up to $2,000 awaits action by Gov. John Carney after it sailed through state Gener