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Paccar Reports Higher Profit, Revenue for Q1

Paccar Inc. posted increases in net income and total revenue in the first quarter, the truck maker said in its report released April 26.

April 26, 2022

Bill to End Predatory Towing Goes Before Maryland Governor

Despite strong opposition from the towing industry, Maryland truckers are optimistic the governor will sign a bill to end predatory towing practices on highways under the jurisdiction of the state police.

April 26, 2022

US Earmarks $504 Million for World’s Largest Hydrogen Hub

The U.S. is backing a project to create the world’s largest hydrogen production and storage facility in Utah in a push to bring the clean-burning fuel into the mainstream.

April 26, 2022

March’s Average Used Class 8 Retail Price Breaks $100,000

The average retail price in March of a used Class 8 vehicle pushed past the $100,000 mark for the first time, ACT Research reported.

April 26, 2022

Zero-Emission Truck Trial OK’d for California Ports

Long Beach harbor commissioners on April 25 approved an agreement — hailed as groundbreaking — that will deploy 100 battery-electric trucks owned and operated by Schneider and NFI to the twin ports of Los Angeles and Long Beach.

April 26, 2022

US Senate Transportation Leader Touts Biden Emissions Program

The leader of the transportation policy committee in the U.S. Senate endorsed the Biden administration’s latest initiative to curb emissions through a comprehensive funding program.

April 26, 2022

Maersk Sees Possible Contraction in Global Container Market

Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted.

April 26, 2022

Where Will Elon Musk Get Cash for Twitter?

Elon Musk and Twitter Inc. reached an agreement for the world’s richest man to buy the social networking platform for $44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged buyout deal.

April 26, 2022

UPS Reports Strong Q1 Earnings Amid Lower Package Volume

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

April 26, 2022

Diesel Rises Again, Up 5.9¢ to $5.16 a Gallon

The national average price for diesel spiked 5.9 cents to $5.16 a gallon, according to Energy Information Administration data released April 25.

April 27, 2022