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XPO Marks Earth Day With Carbon Offsets Program

XPO Logistics Inc. introduced a carbon-offset shipping option for customers of its truck brokerage business in North America, the company announced April 22.

April 22, 2022

Convoy Adds Capital to Expand Technologies

Digital freight broker Convoy announced it raised $260 million in new funding and added a $150 million line of credit as it intends to accelerate the development of its efficiency-focused technologies.

April 22, 2022

Penske Truck Leasing Expands in Washington State

Penske Truck Leasing announced it opened a new facility in Everett, Wash., that offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance.

April 22, 2022

Soaring Lithium Prices May Affect Vehicle Production

Batteries, and more precisely battery metals, are poised to replace chips as the new bottleneck for the auto industry.

April 22, 2022

Shipping Firm Proposes CSX Project at SeaPort Manatee

PALMETTO, Fla. — The owners of World Direct Shipping have announced a bold initiative to send imported manufactured goods from SeaPort Manatee to the Northeast via a proposed CSX rail connection.

April 22, 2022

Union Pacific Reports Strong Q1 Earnings

While Union Pacific Corp. delivered first-quarter financial results that outpaced Wall Street expectations, talk of service disruptions across its rail network and those of its competitors was top of mind among company executives who soon must answer to the Surface Transportation Board about those delays.

April 21, 2022

Gas Imports Flowing to West Coast at Near-Record Pace

The U.S. West Coast is importing gasoline at a near-record pace this month to help ease supply constraints amid eye-popping pump prices just ahead of the peak summer driving season.

April 21, 2022

Mullen Reports Q1 Revenue, Profit Growth

Mullen Group Ltd. reported double-digit increases in profit and revenue for the first quarter but warned that the motor carrier was concerned about surging inflation and higher fuel expenses.

April 21, 2022

White House Eyes Emissions, Fuel Prices as Congress Finalizes Supply Chain Bill

The Biden administration continues to pursue initiatives meant to ease the impact of fuel prices on industries as congressional leaders finalize legislation to enhance supply chain connectivity.

April 21, 2022

CSX Reports Strong Q1 Earnings

CSX Corp. reported first-quarter earnings April 20 that beat Wall Street analysts’ expectations.

April 21, 2022