The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.
November 14, 2023Search
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Iowa Extends Agricultural Transport Proclamation
Iowa Gov. Kim Reynolds extended again the state’s annual harvest proclamation through Dec. 11 enabling overweight load limits on the transportation of grain, fertilizer and manure.
November 14, 2023ConMet Buys TruckWings Creator TruckLabs
Heavy-duty commercial truck and trailer component manufacturer ConMet bought TruckLabs, whose products include the tractor-mounted TruckWings aerodynamic device, it said.
November 14, 2023Amazon Business Tops 2023 Global Freight List
Amazon's extensive 3PL operation landed it atop this year's TT Top 50 Global Freight Companies list.
November 3, 2023Two Sentenced to Prison in Staged Accident Schemes
Two people in separate allegations of participation in staged accidents with tractor-trailers in the New Orleans area have been sentenced to prison and ordered to pay significant restitution.
November 14, 2023Diesel Price Drops 7.2¢ a Gallon to Reach $4.294
The average diesel price posted its third straight substantial decline, falling 7.2 cents to hit $4.294 a gallon, according to Energy Information Administration data released Nov. 13.
November 13, 2023Class 8 Sales Drop for Third Straight Month During October
Class 8 retail sales in October declined from the year-ago period for a third consecutive month, Wards Intelligence data showed.
November 13, 2023$50 Million Federal Grant Will Help Modernize Delaware Port
Delaware officials announced a $50 million federal grant to help pay for a container terminal expansion project to enable the century-old Port of Wilmington to handle larger vessels.
November 13, 2023Tesla Facing Strikes in Sweden Over Collective Bargaining
Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the country have.
November 13, 2023Volvo Buys Bankrupt Proterra’s Battery Business
Volvo Group will acquire the battery business of Proterra Inc. and Proterra Operating Co., the businesses said separately.
November 13, 2023