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TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll

Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.

February 9, 2024

Lineage Logistics Leads US IPOs Heading for Second Quarter

Lineage Logistics is leading a crop of private companies weighing initial public offerings in the U.S. as soon as the second quarter, according to people familiar with the matter.

February 9, 2024

Buttigieg, Shipping Stakeholders Discuss Red Sea Tensions

Transportation Secretary Pete Buttigieg held two private meetings with stakeholders to discuss shipping, regional navigation and supply chain issues in the Red Sea and Gulf of Aden.

February 9, 2024

Tesla Rakes In Billions From Selling Regulatory Credits

Tesla continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the company thought would fade away: selling regulatory credits.

February 9, 2024

Nikola Rejects Board Nominees From Founder Milton

Nikola Corp. rejected a slate of nominees for its board of directors proposed by an entity it said was controlled by founder Trevor Milton, arguing none were fit for the role.

February 9, 2024

Daimler Advances Longhaul Hydrogen Truck Prospects

Daimler Truck recently took another step toward commercializing its prototype longhaul liquid hydrogen-fueled trucks.

February 9, 2024

Port of Mobile to Build Container Facility in North Alabama

The Alabama Port Authority and CSX Transportation announced that Decatur, Ala., will be home to a new intermodal container transfer facility to connect north Alabama to the Port of Mobile.

February 8, 2024

Coalition Sues CARB Over Emission Report Mandates

California is being sued over its new emission laws mandating that companies there and out of state report their supply chain emissions and mitigation efforts.

February 8, 2024

Congressional Democrats Push Rail Safety Bills

To mark the anniversary of a freight train derailment in Ohio, policymakers renewed calls for approving a legislative response as the industry highlights safety improvements.

February 8, 2024

Forward Air CEO Tom Schmitt Exits After Omni Deal Completion

Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.

February 8, 2024