Business

Landstar System Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 24.

Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.

According to ACT Research, U.S. trailer orders for March declined 19% to 13,600 units from 16,800 in the prior-year period, and fell 33.7% from the preliminary total of 20,500 units ordered in February. 

Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.

Tesla Inc.’s touted Class 8 Semi tractor is likely to begin rolling off the company’s Reno, Nev., production line late next year, according to a senior executive.

The first of 11 ships trapped for a month behind the wreckage of the Francis Scott Key Bridge left the Port of Baltimore April 25 using an alternate shipping channel that had just opened.

Federal trucking regulators are in the early stages of developing a new online registration process aimed at reducing fraud and improving transparency and efficiency.

Covenant Logistics Group profits tumbled in the first quarter of 2024, with freight rates and volumes taking a toll on earnings as expected.

The U.S. plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories.

Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.