Nonprofit to Buy Up to 500 Battery-Electric Drayage Trucks
The first customers are set to be carriers operating at the ports of Los Angeles and Long Beach — the largest two ports in the U.S. by import volume.
PS Logistics Unit Buys Louisiana Flatbed Carrier Fluker
Since 2016, Birmingham, Ala.-based PS Logistics has acquired 27 trucking operations and five non-asset-based logistics operations in the U.S.
Nikola Leads Field in Hydrogen Fuel Cell EV Deployment
Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.
Daimler Truck Q3 Profit Plunges 35% Even as DTNA Sales Gain
The truck maker posted net income of $676.6 million, or diluted earnings per share of 83 cents, in Q3, down 35% from $1.033 billion, or $1.22, in the year-ago period.
Landstar Q3 Profits, Revenue Slide in 'Challenging' Quarter
Profit and revenue at Landstar System Inc. fell year over year in the third quarter on the back of ongoing weakness in the truckload market.
Intermodal Load Growth Cushions Hub Group Q3 Profit Decline
Hub Group profit and revenue fell in Q3 2024, but intermodal load growth mitigated the damage and the carrier’s top executive is becoming more optimistic about the freight environment.
Heartland Express in Red for Q3 Again but Loss Narrows
Losses at Heartland Express narrowed year over year in the third quarter as both legacy brands and two more recently acquired units turned in an improved performance.
Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth
Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.
Cummins Q3 Profit Jumps 23.3% on Data Center Generator Needs
Buoyant appetite for data center power generators underpinned a 23.3% year-on-year jump in Cummins Inc.’s profit in the third quarter, trumping weak demand for heavy-duty truck engines.
Ongoing Truckload Weakness, Helene Hurt P.A.M. Q3 Profit
Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.