Business, Logistics

Saia Q1 Profit Increases 19.2% as Revenue Rises 14.3%

Saia Inc. posted a 19.2% increase in profits in the first quarter of 2024 but undershot analyst and market expectations, even as key metrics improved.

Keiron Greenhalgh | Staff Reporter
April 30, 2024
Business, Logistics, Autonomous

Waabi Opens Texas Terminal as Hub for Self-Driving Trucks

Waabi Innovation opened a terminal in Lancaster, Texas, to serve as the center of the company’s operations in the state, which are at the heart of the self-driving truck specialist’s ambitions.

Keiron Greenhalgh | Staff Reporter
April 30, 2024
Business, Technology, Fuel, Private

Air Products Plans Alberta Hydrogen Truck Refueling Network

Air Products plans to build a network of hydrogen refueling stations between Edmonton and Calgary in Alberta for trucks, the industrial gas giant said.

Keiron Greenhalgh | Staff Reporter
April 30, 2024
Business, Technology, Equipment, Logistics

DB Schenker to Carry Out Range Energy Trailer Testing in H2

DB Schenker will carry out a pilot program testing Range Energy’s electrified dry van trailers in the second half of 2024, the startup said.

Keiron Greenhalgh | Staff Reporter
April 30, 2024
Business, Technology, Equipment, Safety

Peterbilt Introduces Additional Mirrors for 579, 567 Models

Peterbilt is set to offer digital vision system-mirrors for its Models 579 and 567, and the truck maker expects to improve truck drivers’ visibility options and safety, it said.

Keiron Greenhalgh | Staff Reporter
April 29, 2024
Business, Equipment

Traton Profits Rise on Higher Prices, 'Favorable' Markets

Profits for global truck manufacturer Traton rose in the first quarter on momentum from favorable market conditions and higher prices, including for the International Trucks brand.

Keiron Greenhalgh | Staff Reporter
April 29, 2024
Business

DTNA, UAW Ink Tentative Labor Deal for Freightliner Plants

Daimler Truck North America inked a tentative four-year labor agreement with the UAW on April 26, hours before the prior deal at Freightliner manufacturing sites in the U.S. was set to expire.

Keiron Greenhalgh | Staff Reporter
April 27, 2024
Business, Equipment

Labor Deal Signing Bonuses Dampen Record Allison Sales

Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.

Keiron Greenhalgh | Staff Reporter
April 26, 2024
Business, For-Hire

TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market

Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.

Keiron Greenhalgh | Staff Reporter
April 26, 2024
Business, Equipment, For-Hire

Intermodal Chassis Manufacturers Pull Back on Output

Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.

Keiron Greenhalgh | Staff Reporter
April 25, 2024