Business

Rivian Automotive Inc. missed expectations for quarterly electric vehicle deliveries, weighing on the manufacturer’s shares even as production ramped up during the past year.

An economy that is returning to more balanced spending between goods and services was reflected in mixed November results across the nation’s ports, as container volumes stabilized even as shippers moved goods in anticipation of a busy holiday shopping season.

The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.

2024 Diesel prices for Comdata are based on seven–day cash card transactions from more than 6,500 truck stops. T-Chek prices for self-service are based on purchases at more than 4,500 truck stops; wholesale prices are based on terminals and suppliers from 308 cities.

A spike in prices in the eastern half of the U.S. led to the first weekly national diesel average increase in nine weeks, with a two-cent spurt to $3.914 a gallon.

TFI International Inc., a Canadian carrier that has been growing through acquisitions, announced plans to purchase flatbed specialist Daseke Inc. for $1.1 billion, including debt.

Estes Express Lines was the high spender in the latest round of bidding for freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp., court documents show.

BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.

Pennsylvania transportation planners broke new ground to identify concrete steps and priority locations for new truck parking spots in a report spearheaded by the state’s top trucking group.

Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.