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“Overall, we expect modest contraction in our combined truckload fleet and growth in our asset-light segments," Covenant CEO David Parker said. 

USA Truck’s business model does not fit DSV’s vision for asset-light North American on-road operations, the company said in a report accompanying the most recent quarter’s results.

Paccar expects to seize a bigger U.S. heavy-duty truck market share and to be able to increase prices once the Section 232 import tariffs on medium- and heavy-duty trucks and parts go live.

"September’s tonnage level was essentially the same as in September 2023, underscoring the tough freight market over the last few years,” said ATA Chief Economist Bob Costello.

The company posted net income of $7.86 million, or 5 cents a diluted share, for the three months ended Sept. 30. That compared with $30.5 million, 19 cents, a year earlier.

Less-than-truckload carriers R+L Carriers and A. Duie Pyle are among the latest fleets seeking to win some of the growing activity traversing the United States’ southern border.

The Help Me Decide feature will appear at the top of a product detail page after shoppers have looked at several similar items. Those who tap the button will see a single product recommendation.

Union Pacific wants to buy Norfolk Southern in an $85 billion deal that would create the first transcontinental railroad.  That deal faces a lengthy review by the Surface Transportation Board.

Challenging market conditions related to trade tariffs and other macroeconomic factors have become “more visible in global trade flows” in the past quarter, DSV said. 

Also, the micromobility startup spun out of Rivian Automotive, has unveiled its first consumer product: an electric bike that will cost up to $4,500.