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As part of the agreement, Trimble will take a 32.5% stake in Platform Science and receive a seat on Platform Science’s board of directors.

FTR Transportation Intelligence expects truckload spot rates to rise 6.5-7% in 2025, Vice President of Trucking Avery Vise said in a presentation.

A Peterbilt 579 EV developed to transport newly built Honda vehicles from the company’s Lincoln, Ala., plant was unveiled Aug. 26 after a yearslong development process.

Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.

Belgium’s Aertssen Logistics has opened a North American hub near the Port of Savannah in Georgia for agriculture, mining and construction machinery on a 35-acre site.

Two mining giants are rerouting shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations.

Although freight market conditions have been favorable to shippers for the past two years, many of the largest private carriers in North America operate larger fleets now than in years past.

Even at a time when for-hire truck capacity is readily available at com­petitive rates, many shippers have continued to invest in their own private fleets.

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

The trucking industry continued to weather an increase in cargo theft activity during the second quarter of 2024.