Transportation committees on Capitol Hill are planning in-depth examinations of the circumstances surrounding the derailment this month of a freight train in Ohio.
February 23, 2023Search
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Ice Storm Cuts Power, Scraps Flights, Coats Roads
More than 800,000 homes and businesses across the upper Midwest were in the dark on the morning of Feb. 23 after a dangerous ice storm coated roads and knocked down power lines.
February 23, 2023January Net Trailer Orders Drop 58% Following Year-End Surge
U.S. trailer orders in January decreased 9% year-over-year to 24,300 from 26,595 a year earlier, reported ACT Research. This comes a month after net trailer orders reached their second-highest level on record at 57,300. Also, orders dropped 58% from near-record results the prior month.
February 23, 2023Market Reacts Positively to BP's TA Acquisition
Industry analysts reacted favorably to the news that TravelCenters of America is being acquired by BP Products North America, noting that each company brings elements to the table that help the proposed combination align.
February 23, 2023House Transportation Leaders Sam Graves, Scott Perry Target FEMA Aid
House Transportation leaders are asking the Federal Emergency Management Agency for details related to assistance programs linked to the COVID-19 pandemic.
February 23, 2023Nikola Earnings Show Revenue Miss, Weak Electric Truck Delivery Forecast
Nikola Corp. posted an earnings loss amid efforts to expand the business during the fourth quarter of 2022, the company reported Feb. 23.
February 23, 2023West, East Coast Ports See Big Container Drop-Off in January
As negotiations resume between the International Longshore and Warehouse Union and management’s Pacific Maritime Association, concern is mounting at the West Coast ports that the slow pace of contract talks is damaging import and export shipping business.
February 23, 2023Trucking Industry Grapples With Q4 Slowdown
Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.
February 23, 2023New Moving Conference Chairman Bill Lovejoy Has Full Plate of Challenges
When it comes to the many challenges getting customers moved from point A to point B, Bill Lovejoy, the new chairman of American Trucking Associations’ Moving and Storage Conference, has pretty much done it all.
February 23, 2023Dana Reports Mixed Q4 Financials, Record Sales Backlog
Truck parts supplier Dana Inc. on Feb. 22 reported increased revenue but an earnings loss in the fourth quarter of 2022. The company also forecasts that 65% of its new business will be from electric-vehicle platforms.
February 23, 2023