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BusinessEquipment

Paccar Records 60% Rise in Q3 Net Income

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

October 24, 2023
BusinessLogistics

CN Railway Misses Estimates as Consumer Goods Shipments Drop

Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consumer goods.

October 24, 2023
BusinessLogisticsFor-Hire

TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market

TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.

October 24, 2023
GovernmentBusinessLogistics

Federal Grant to Improve Access at Indiana Agribusiness Park

Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.

October 24, 2023
BusinessTechnologyAutonomous

California Stops Cruise From Operating Without Drivers

General Motors Co.’s Cruise unit is being suspended by the California Department of Motor Vehicles from operating driverless vehicles in the state, effective immediately.

October 24, 2023
GovernmentBusinessTechnologySafety

Trucking Faces Increasing Threat of Cyberattacks

HOUSTON — Trucking  is seeing an increase in cyberthreats, a panel of experts said Oct. 23 during the National Motor Freight Traffic Association's Digital Solutions Conference.

October 24, 2023
GovernmentBusinessEquipment

US House Panel Evaluates New Truck Excise Tax Repeal

A leading proponent of repealing a tax on the purchase of new trucks called on colleagues to endorse his effort.

October 24, 2023
LogisticsFor-Hire

Ryder to Buy Impact Fulfillment Services

Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.

October 24, 2023
GovernmentBusinessEquipmentSafety

About 12.6% of Vehicles Inspected Placed Out of Service

Roughly one of every eight trucks inspected for brake-related violations was placed out of service by commercial vehicle inspectors during Brake Safety Week in August.

October 24, 2023
BusinessLogisticsBreaking News

Tonnage Dips 4.1% in September

Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the U.S. freight market remains turbulent.

October 24, 2023