The average retail price of a used Class 8 fell for the third consecutive month in June, ACT Research reported, calling the trend a significant downturn even as the average retail price remained above $90,000.
July 27, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Shopify Will Cut 10% of Staff as e-Commerce Activity Retreats
Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce July 26, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly coming out of the COVID-19 pandemic didn’t pay off.
July 26, 2022UPS Beats Q2 Estimates, but Delivery Volume Drops More Than Expected
UPS Inc. posted better-than-expected second-quarter earnings July 26, thanks in part to a big leap in the price of domestic parcel revenues during the three-month period that ended June 30.
July 26, 2022Trucker AB 5 Blockade Ends at Port of Oakland
Fruit, nuts and wine are again flowing through the Port of Oakland after truckers quietly ended a multiday blockade over the weekend amid a crackdown on AB 5 protesters by port authorities.
July 25, 2022Target to Open Hubs in Chicago, Denver
Target Corp. will open three new package-sorting centers during the next year — two in greater Chicago and one in the Denver area — to further its strategy of using stores to handle online orders.
July 25, 2022NYC Ports’ Saturday Hours Aren’t Helping Supply Chain Snarls
The Port of New York and New Jersey is struggling to process cargo despite expanded gate hours, illustrating fresh difficulties plaguing supply chains as shippers redirect goods to avoid bottlenecks in other parts of the country.
July 21, 2022Knight-Swift Posts Higher Earnings, Revenue for Q2
Knight-Swift Transportation Holdings Inc. experienced revenue and earnings growth during the second quarter, the company reported July 20.
July 21, 2022J.B. Hunt Names Shelley Simpson Company President
J.B. Hunt Transport Services Inc. appointed Shelley Simpson president — the first woman to serve in that role.
July 20, 2022House Committee Approves Truck Parking Bill
Legislation designed to increase parking access for truck drivers nationwide was easily approved by the House Transportation and Infrastructure panel on July 20.
July 20, 2022Pacific, Atlantic Ports Post Strong June Volumes
The Port of Los Angeles reported its highest container volume ever for the month of June in its 115-year history.
July 20, 2022