NYC Ports’ Saturday Hours Aren’t Helping Supply Chain Snarls
The Port of New York and New Jersey is struggling to process cargo despite expanded gate hours, illustrating fresh difficulties plaguing supply chains as shippers redirect goods to avoid bottlenecks in other parts of the country.
July 21, 2022CSX Reports Q2 Earnings That Beat Expectations
Class I freight railroad CSX Corp. reported strong second-quarter results July 20, bolstered by automotive shipments, but said hiring and retention challenges continue.
July 21, 2022Senate’s Bipartisan Chips Bill Would Add $79 Billion to US Deficit
The Senate’s bipartisan bill to strengthen the nation’s technology sector in the face of Chinese competition was estimated July 21 to increase U.S. budget deficits by $79 billion over a decade if enacted.
July 21, 2022Landstar Reports Q2 Records for Revenue, Earnings
Landstar System Inc. posted strong financial results for the second quarter — though they missed investment analysts’ expectations — and set a record for the first half.
July 21, 2022Knight-Swift Posts Higher Earnings, Revenue for Q2
Knight-Swift Transportation Holdings Inc. experienced revenue and earnings growth during the second quarter, the company reported July 20.
July 21, 2022Ford Secures Batteries to Build 600,000 EVs a Year by 2023
Ford Motor Co. has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the U.S. last year.
July 21, 2022Tesla’s Musk Signals Optimism on End to ‘Supply Chain Hell’
Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply chain hurdles and COVID lockdowns at its factory in China.
July 21, 2022Ford Plans to Cut up to 8,000 Jobs to Help Fund EV Investment
Ford Motor Co. is preparing to cut as many as 8,000 jobs in the coming weeks as the automaker tries to boost profits to fund its push into the electric vehicle market, according to people familiar with the plan.
July 20, 2022J.B. Hunt Names Shelley Simpson Company President
J.B. Hunt Transport Services Inc. appointed Shelley Simpson president — the first woman to serve in that role.
July 20, 2022ATA’s Newly Formed Women In Motion Program Pursues Safer Truck Parking
Already backing safer truck parking in Congress, the new Women In Motion initiative is taking action within days of forming to improve the working environment for women in trucking.
July 20, 2022