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Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing

American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance. 

October 23, 2024
BusinessLogistics

Old Dominion Sees First Year-Over-Year Revenue Drop in 2024

Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.

October 23, 2024
GovernmentBusinessTechnologyEquipmentFuel

Birla Carbon to Open $1B Graphite Plant in South Carolina

The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.

October 23, 2024
GovernmentBusinessLogisticsPerspective

Perspective: Trucking Comes Through in Times of Need

In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.

October 23, 2024
BusinessTechnologyEquipmentFuel

NACFE: Early Electric TRUs Show Promise; Struggle With Costs

The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

October 23, 2024
BusinessTechnologyFuel

Hyundai Testing Novel Hydrogen Production

Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.

October 23, 2024
GovernmentBusinessEquipmentPrivate

American Tire Seeks Bankruptcy After Deal With Lenders

American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.

October 23, 2024
BusinessLogisticsGlobal Freight

DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal

Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.

October 23, 2024
GovernmentBusinessTechnology

FAA Issues Rule That Moves Air Taxis Closer to Takeoff

Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.

October 23, 2024
GovernmentBusinessTechnologySafety

Carriers Feel Insurance Premium Pinch as Cargo Theft Climbs

When it comes to cargo theft, thieves can — and do — steal anything.  As more cargo goes missing, insurance premiums for policies to cover the losses start edging higher.

October 22, 2024