Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.
March 28, 2022Truck Tonnage Up 2.4% Year-Over-Year in February
Truck tonnage in February increased 2.4% compared with the same month a year ago, and American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Index equaled 115.3, the federation announced March 22.
March 22, 2022February Class 8 Sales Down 2.9%
U.S. Class 8 retail sales in February fell compared with a year earlier, and landed just below 15,000 to put most truck brands in negative territory, Wards Intelligence reported.
March 11, 2022XPO to Split LTL, Freight Brokerage Businesses
XPO Logistics is creating two new, stand-alone, publicly traded companies in the less-than-truckload and tech-enabled brokered transportation sector, the company announced March 8.
March 9, 2022EPA Proposes Stronger Pollution Limits on New Trucks
The U.S. Environmental Protection Agency announced a proposed rulemaking to further restrict emissions of soot-forming nitrogen oxides (NOx) by heavy-duty diesel and gasoline engines starting in model year 2027.
March 7, 2022Truck Tonnage Extends Streak of Gains in January
Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.
February 22, 2022Cummins to Buy Parts Manufacturer Meritor for $3.7 Billion
Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.
February 22, 2022January Class 8 Sales Drop
Class 8 U.S. retail sales in January slipped below 15,000, an 11.8% decline compared with a year earlier, Wards Intelligence reported.
February 10, 2022Robin Hutcheson Selected to Head FMCSA
Robin Hutcheson has been named Deputy Administrator of the Federal Motor Carrier Safety Administration, Transportation Secretary Pete Buttigieg announced Jan. 19.
January 19, 2022Truck Tonnage in December Increases 1.4% Year-Over-Year
Truck tonnage in December rose a seasonally adjusted 1.4% compared with the same month in 2020 — the fourth consecutive year-over-year gain and the highest measurement since March, American Trucking Associations announced.
January 18, 2022