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Revised Estimate Adds 10,000 to June Trailer Orders, Clearing 25,000

Net U.S. trailer orders in June rose to 25,444, ACT Research reported July 22. It was an increase of about 10,000 orders compared with the preliminary number issued only days before.

July 22, 2022

CSX Reports Q2 Earnings That Beat Expectations

Class I freight railroad CSX Corp. reported strong second-quarter results July 20, bolstered by automotive shipments, but said hiring and retention challenges continue.

July 21, 2022

Landstar Reports Q2 Records for Revenue, Earnings

Landstar System Inc. posted strong financial results for the second quarter — though they missed investment analysts’ expectations — and set a record for the first half.

July 21, 2022

Ford Secures Batteries to Build 600,000 EVs a Year by 2023

Ford Motor Co. has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the U.S. last year.

July 21, 2022

Knight-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, 2022

Ford Plans to Cut up to 8,000 Jobs to Help Fund EV Investment

Ford Motor Co. is preparing to cut as many as 8,000 jobs in the coming weeks as the automaker tries to boost profits to fund its push into the electric vehicle market, according to people familiar with the plan.

July 20, 2022

Tesla’s Musk Signals Optimism on End to ‘Supply Chain Hell’

Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply chain hurdles and COVID lockdowns at its factory in China.

July 21, 2022

Commenters Divided on FMCSA Plans to Mandate Speed Limiters

Large motor carriers and their trade associations tend to express general support for plans by federal regulators to implement a speed limiter requirement for large trucks. On the other hand, independent owner-operators are overwhelmingly opposed.

July 20, 2022

J.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, 2022

House 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, 2022