Business

The U.S. economy slowed sharply from January to March, decelerating to a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.

The trucking industry is applauding Senate passage of an effort to roll back federal emissions standards associated with heavy-duty commercial vehicles.

The head of the Federal Highway Administration said the vital role truckers play at ports is at the center of a $400 million grant program to help reduce emissions.

California’s Air Resources Board voted April 27 to approve a rule that would ban the use of locomotive engines more than 23 years old by 2030 and increase the use of zero-emission tech at ports and railyards.

The North American Council for Freight Efficiency’s upcoming Run on Less program will focus on scaling electric trucks across a variety of market segments.

Program Aired: April 27, 2023 2 p.m. ET April is designated as Distracted Driving Awareness Month by the National Safety Council to raise awareness around the escalating distracted driving issue. The need for this awareness is more significant than ever.Driver inattention accounts for over 3,000 deaths in the U.S. alone.     

The merged Canadian Pacific Kansas City says in its first quarter together the new Class I railroad saw its income surge by 35% to C$800 million compared with C$590 million a year ago.

Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.

Schneider National achieved a 6% year-over-year earnings gain despite a revenue loss during the first quarter of 2023, the company reported April 27.

Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations.