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Efficiency Is Key as Freight Carriers Wait for Market Uptick

As carriers await an upturn in the freight environment, executives say they continue to seek efficiencies and prepare their fleets for when the tipping point comes.

September 18, 2024

Fed Cuts Rates by Half-Point to Combat Slowing Job Growth

The Federal Reserve on Sept. 18 cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates.

September 18, 2024

All-Electric Cranes Lift Cargo at Port of San Diego

With the recent deployment of two massive, all-electric harbor cranes, the Port of San Diego is about two-thirds of the way from reaching its ambitious zero-emission targets.

September 18, 2024

Generative AI Driving Freight Brokerage Transformation

Efforts from established and newer enterprises to develop robust digital tools are being shaped by market demands and technological innovations.

September 18, 2024

GM Begins Sales of Adapters for Tesla’s Charging Network

General Motors' electric vehicle customers are getting access to Tesla Superchargers starting this month, following an agreement struck last year between CEOs Mary Barra and Elon Musk.

September 18, 2024

Nippon Steel to Get Extension on US Steel Plan

A U.S. security panel has granted Nippon Steel permission to refile its plans to purchase United States Steel for $14.1 billion, likely pushing a decision on the takeover past the elections.

September 18, 2024

International Unveils Revamped Class 8 HV Vocational Trucks

Series production of the updated HV 509, HV 515, HV 609 and HV 615 models is due to start in June 2025, executives said.

September 18, 2024

ATA Maintains Fight Against California's Fleets Rule

In new written comments, American Trucking Associations continues to oppose a request for EPA to grant a waiver allowing implementation of California’s Advanced Clean Fleets regulation.

September 18, 2024

CVC Willing to Bump DB Schenker Bid After Losing to DSV

CVC Capital Partners signaled it’s willing to increase its 14 billion-euro ($15.6 billion) offer for Deutsche Bahn AG’s logistics unit after losing the bidding to Danish company DSV A/S.

September 18, 2024

US Sues Ship Owner, Operator Over Baltimore Bridge Collapse

The Justice Department is seeking $100 million to cover costs the U.S. incurred after the cargo ship Dali destroyed the Francis Scott Key Bridge and brought the Port of Baltimore to a standstill.

September 18, 2024