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STB Calls for Status Hearing on Gulf Coast Amtrak Project

The U.S. Surface Transportation Board, which oversaw hearings into the possible restart of Gulf Coast rail during 2022, is calling the parties involved in the case for a status hearing.

January 22, 2024
BusinessSafety

Daihatsu Sees Long Wait to Resume Business Amid Safety Snafu

TOKYO — Daihatsu Motor Co., a Japanese unit of Toyota Motor Corp. that allegedly cheated on safety tests for decades, said Jan. 22 it doesn’t expect to resume shipping cars any time soon.

January 22, 2024
BusinessFuel

Sunoco to Buy NuStar Energy for $7.3 Billion

Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.

January 22, 2024
GovernmentBusinessPrivate

ADM Shares Plunge After Accounting Probe Places CFO on Leave

Archer-Daniels-Midland Co. plunged after the U.S. agricultural trading giant suspended its CFO and cut its earnings outlook pending an investigation into its accounting practices.

January 22, 2024
Sponsored

On the Road to a Hands-Free World

When we hear about distracted driving, it′s typically about texting with friends, searching for a song, and scrolling Instagram. But for many truck drivers without proper tools, essential communication to dispatch is often its own form of distracted driving.

January 22, 2024
BusinessTechnologyEquipmentSafety

Progress in Sensor Technology for Trucks Showcased at CES

LAS VEGAS — Trucking sensors are becoming an increasingly pivotal area of focus as an enabler of automotive technology, with that growing importance demonstrated at CES 2024.

January 19, 2024
SafetyLogistics

Boeing Cargo Plane Makes Emergency Landing at Miami Airport

MIAMI — A witness saw sparks shooting from a cargo plane as it made an emergency landing at Miami International Airport shortly after takeoff.

January 19, 2024
Business

Outlook Brighter for Trucking M&A Market in 2024

The trucking acquisition market is looking to enter a more active year with market conditions likely to drive buyers and sellers to the table in 2024, according to the Tenney Group.

January 19, 2024
BusinessLogisticsFor-Hire

J.B. Hunt Reports Revenue Declined to $3.3 Billion for Q4

J.B. Hunt Transport Services Inc. reported a decline in fourth-quarter earnings as a result of weaker performance across its segments and rising insurance costs, the company reported Jan. 18. 

January 19, 2024
GovernmentBusinessTechnology

Stellantis CEO Says Pace of EV Push Hinges on Elections

Stellantis NV CEO Carlos Tavares said elections in the U.S. and Europe this year will dictate how quickly he can execute his 30 billion euro investment plan in electric vehicles.

January 19, 2024