°®¶¹´«Ã½

Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations.

The Pennsylvania Department of Transportation is moving forward with its controversial plan to consider charging tolls on as many as 10 major bridges in the state. But representatives from the trucking industry say tolls would hurt their industry.

Paccar Inc. posted lower fourth-quarter net income and revenue while achieving record quarterly parts revenue and notching its record market share for medium-duty vehicles sold in the U.S. and Canada.

Trucking embraced risk management and technology that drives efficiency in response to the coronavirus pandemic, industry leaders said in a panel discussion Jan. 25.

Tesla Inc. on Jan. 27 is widely expected to report its sixth consecutive quarterly profit — and potentially its first $1 billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars.

FreeWire Technologies Inc., an electric vehicle charging and power startup, has raised $50 million in a Series C funding round.

Covenant Logistics Group Inc. posted a net loss of $25.7 million, or minus $1.50 a diluted share, for the three months ending Dec. 31, the Chattanooga, Tenn.-based truckload carrier announced Jan. 25.

The Energy Information Administration reported Jan. 25 the national average price of diesel rose by two cents to $2.716 a gallon.

Alaska Cargo and Cold Storage has executed with the state of Alaska a 55-year lease agreement at Ted Stevens Anchorage International Airport for a 700,000-square-foot, climate-controlled warehouse facility at the world’s sixth-busiest cargo airport.