Comcar Industries announced May 17 it is filing for Chapter 11 bankruptcy protection and plans to sell its five operating companies as part of the legal process.

The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019.

As state and local governments gradually begin loosening stay-at-home orders issued to slow the spread of the novel coronavirus, trucking industry experts are exploring how the industry can best respond to this next phase of the country’s response to the pandemic.

With at least $2 billion in cash, and $500 million in credit available, XPO Logistics Chairman and CEO Brad Jacobs says he would consider an acquisition if the company was a good fit.

The average price of a gallon of diesel fuel fell only half a penny nationwide to $2.394 from $2.399 the previous week, according to the Energy Information Administration's weekly report May 11.

The Labor Department said 88,300 trucking and warehouse positions were lost in April as unemployment nationwide reached 14.7%.

U.S. trucking companies that operate at the nation’s ports are preparing to take a long-simmering financial dispute with overseas ocean carriers to the Federal Maritime Commission.

Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic.

The U.S. economy is likely in the midst of its deepest recession since the end of World War II, when modern records that tracked the nation’s gross domestic product and unemployment rates were standardized.