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Used Class 8 truck sales in December increased 11.3% year over year and 4.8% from November's level, according to ACT Research.

Verisk CargoNet reported that cargo theft incidents jumped 27% year over year to a record 3,625 across North America, and the estimated average value per theft increased 7.7%.

U.S. ports capped off 2024 with solid growth, as most major facilities reported volume increases for December.

A decrease in truck sales in North America and Europe plus increased production costs in the U.S. dragged on Volvo Group AB profits in the fourth quarter of 2024, the company said Jan. 29.

A Senate panel on Jan. 28 took aim at China’s involvement with operations at the Panama Canal and examined President Donald Trump’s economic strategy linked to travel by U.S. ships through the facility.

Worldwide warming temperatures are hammering roads that were built for a different climate, ballooning repair budgets and sometimes cutting off communities from goods and services.

DETROIT — Hours after being sworn in as the new Secretary of Transportation, Sean Duffy took aim at the main way the federal government regulates miles per gallon for cars and pickup trucks.

The Eden Prairie, Minn.-based logistics and shipping company on Jan. 29 posted net income of $149.3 million, or $1.22 a diluted share, for the three months ending Dec. 31.

UPS Inc. experienced revenue and earnings growth despite a tougher freight market in the fourth quarter of 2024, the parcel delivery company reported Jan. 30.

Caterpillar Inc. warned that revenue will be “slightly lower” in 2025 as demand concerns weigh on the outlook of the heavy equipment maker.