The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.
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To retread or not to retread, that is the question. For some maintenance managers, the debate between purchasing new tires or retreads is constant.
Freight Market Stabilization Bolsters M&A Optimism
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.
May 10, 2024Senate Leaders Endorse Fiscal 2025 Budget Process
Senate Majority Leader Chuck Schumer this month touted the chamber’s evaluation of the White House’s budget request for fiscal 2025.
May 10, 2024New Partnership Brings Renewable Diesel to Southeast US
A new source of renewable diesel is making its way into the southeastern U.S. for commercial operations including trucks operating at the Port of Savannah.
May 10, 202460 Seconds: Daimler Unwraps Autonomous, Electric Demonstration Truck
Freightliner eCascadia-based tractor equipped with Torc Robotics self driving software will execute runs between Laredo and Dallas in Texas first. Daimler Truck intends to start serial production of autonomous trucks, albeit with conventional engines, in 2027. By Keiron Greenhalgh
May 10, 2024BP Keen to Buy Tesla Supercharging Sites for US Expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.
May 9, 2024Port of Long Beach CEO Says Cargo Up Eighth Straight Month
Port of Long Beach CEO Mario Cordero said April numbers will show trade flows coming to the U.S. West Coast are continuing to strengthen.
May 9, 2024Forward Air Ends Eventful Q1 With Positive Revenue Growth
Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.
May 9, 2024March Used Truck Sales Increase 7% From Last Year
Used Class 8 truck sales in March rose 7.4% compared with the same period the prior year, ACT Research reported. Sales increased to 21,700 units from 20,200 during the 2023 period.
May 9, 2024Activist Investor Wins 3 Norfolk Southern Board Seats
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.
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