Business

U.S. trailer orders in January decreased 9% year-over-year to 24,300 from 26,595 a year earlier, reported ACT Research. This comes a month after net trailer orders reached their second-highest level on record at 57,300. Also, orders dropped 58% from near-record results the prior month.

Industry analysts reacted favorably to the news that TravelCenters of America is being acquired by BP Products North America, noting that each company brings elements to the table that help the proposed combination align.

Nikola Corp. posted an earnings loss amid efforts to expand the business during the fourth quarter of 2022, the company reported Feb. 23.

As negotiations resume between the International Longshore and Warehouse Union and management’s Pacific Maritime Association, concern is mounting at the West Coast ports that the slow pace of contract talks is damaging import and export shipping business.

Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.

When it comes to the many challenges getting customers moved from point A to point B, Bill Lovejoy, the new chairman of American Trucking Associations’ Moving and Storage Conference, has pretty much done it all.

Truck parts supplier Dana Inc. on Feb. 22 reported increased revenue but an earnings loss in the fourth quarter of 2022. The company also forecasts that 65% of its new business will be from electric-vehicle platforms.

FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.

The rosters for key committees with jurisdiction over transportation policy affairs include senior lawmakers.

Maryland-based Tradepoint Atlantic, a shipping logistics company, is coming to Tampa, Fla., in a deal that Port Tampa Bay CEO Paul Anderson called “potentially one of the biggest modern opportunities in the modern history of our port.”