Business

Record-high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs aren’t necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.

A group of North Carolina FedEx Freight employees who work in Hope Mills are sharing a $2 million prize after buying a winning Powerball ticket in Fayetteville.

Texas Gov. Greg Abbott’s border crackdown is generating fresh backlash, with Mexico’s economy minister announcing that a new rail line to the U.S. would now go via New Mexico instead of the Lone Star State.

Allison Transmission Holdings Inc. reported gains in first-quarter net income while revenue rose 15% to post its strongest revenue quarter since 2019.

USA Truck posted increased year-over-year profits and revenue during the first quarter, the company reported April 28.

ArcBest Corp. saw a surge in profits and revenue in the first quarter of 2022, the company reported April 29.

TFI International more than doubled its first-quarter profit as it capitalized on solid freight demand and the integration of the UPS Freight operations it acquired last year.

Greg McQuagge, maintenance supervisor at for-hire carrier U.S. Xpress, shares some insight on what it takes to keep trucks on the road.

U.S. employment costs jumped by the most on record at the start of the year, heightening concerns about persistent inflation that set the stage for more forceful policy action by the Federal Reserve.

Elon Musk disclosed an additional $4.5 billion worth of Tesla Inc. stock sales in new regulatory filings April 29, bringing the total he’s disposed of in the wake of his deal to buy Twitter Inc. to more than $8.5 billion.