Walmart Profit Drags as Inflation Takes a Bite
NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.
May 17, 2022Retail Sales Show Consumers Standing Firm in Face of Inflation
U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.
May 17, 2022Alabama Trucking Association Creates TV Ad Backing Governor’s Re-Election
The Alabama Trucking Association aims to elevate the industry’s visibility in the state’s current election cycle with an ad campaign backing incumbent Gov. Kay Ivey, a candidate the group said has been a key supporter of trucking.
May 17, 2022Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans
Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.
May 16, 2022Region Results Mixed, Leading to 1¢ Diesel Drop Nationwide
The national average price of diesel dipped after a two-week surge, dropping 1 cent to $5.613 a gallon, the Energy Information Administration reported May 16.
May 16, 2022ATRI Unveils Top Five Research Areas for 2022
SCOTTSDALE, Ariz. — The American Transportation Research Institute unveiled its top five research areas for 2022 at American Trucking Associations’ annual Mid-Year Management Conference May 16.
May 16, 2022Icebreaker Shortage Freezes Up Supply Chain on Great Lakes
CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.
May 16, 2022Gary McCartney Named CFO for Mack Trucks, VTNA
Gary McCartney was named chief financial officer for Volvo Trucks North America and Mack Trucks, Volvo Group announced May 16.
May 16, 2022Early Adopters Urge Carriers Not to Delay on Electric Trucks
LONG BEACH, Calif. — Companies considering transitioning to electric trucking need to start now rather than continuously research the process or wait for a wider selection of vehicles from truck builders.
May 16, 2022SEA Electric to Begin Durability Testing of Class 6 Chassis
SEA Electric announced durability testing for its Class 6 SV6 E stripped chassis package is scheduled to begin in the third quarter, and volume assembly to begin in first quarter of 2023.
May 16, 2022