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Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.

Toll increases this year in Pennsylvania, New Jersey and New York are frustrating trucking companies that are having to pass on costs in the form of higher freight charges.

TOKYO — Toyota set up a new leadership team Jan. 26 in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”

Tesla Inc. reported better-than expected profits in the latest quarter, signaling strength as it faces growing questions about carbuyer demand for its all-electric vehicle lineup.

Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.

Used Class 8 vehicle sales in December declined 2.4% from a year ago, but increased slightly from the prior month, ACT Research reported.

Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives.

Pennsylvania high school students are trying to crack the truck parking puzzle in the state department of transportation’s annual Innovations Challenge contest.

WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.