Transportation News

About Transportation News...
BusinessEquipment

Volvo Group Price Increases Aid Q1 Profits

Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.

April 17, 2024
BusinessSafetyLogistics

Dali Owner Asks Cargo Owners to Help Cover Salvage Expenses

BALTIMORE — The owner of the massive containership that caused the deadly collapse of a bridge in March wants owners of the cargo on board to cover some of the salvage costs.

April 17, 2024
GovernmentBusiness

Virginia Touts Robust Economic Growth in Richmond Region

Virginia state and Henrico County officials touted a series of grand openings, including an Amazon robotics fulfillment center and a Coca-Cola Consolidated distribution facility.

April 17, 2024
GovernmentSafety

House GOP to Prioritize Infrastructure in Funding Bills

The transportation funding subcommittee in the U.S. House will promote connectivity projects while focusing on taxpayers, its new leadership said this month.

April 17, 2024
GovernmentTechnology

House Transportation Committee Reviews AI Applications

WASHINGTON — The House transportation panel recently received an overview from stakeholders about artificial intelligence’s role within connectivity corridors.

April 17, 2024
GovernmentBusinessFor-Hire

Five Auto Haulers to Merge as Backer Files for IPO

Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.

April 17, 2024
GovernmentBusinessFuel

US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly

President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela if Nicolas Maduro’s regime does not take steps to honor an agreement to allow a fairer vote in elections.

April 17, 2024
Business

Tesla Wants Shareholders to Reinstate $55B Package for Musk

AUSTIN, Texas — Tesla will ask shareholders to reinstate a $55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year.

April 17, 2024
BusinessFor-Hire

J.B. Hunt Reports $2.9 Billion Revenue for Q1

J.B. Hunt Transport Services Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 16.

April 17, 2024
BusinessTechnologyFor-Hire

Truck Software Developer Platform Science Raises $125M

Platform Science raised $125 million in capital to accelerate the launch of its software platform with additional truck manufacturers, a spokesperson for the company said April 16.

April 17, 2024