Business

In a strong freight market and tight capacity environment, the largest freight brokerage firms in North America were able to grow their businesses by significant margins in 2021 as they worked to solve shippers’ transportation challenges. Other sectors were also filled with noteworthy performers.

Strong consumer demand, continued supply chain bottlenecks and tight carrier capacity sent air, ground and ocean transportation rates soaring to historic levels in 2021 as shippers leaned on third-party logistics providers to bolster inventories and avoid product stockouts.

The past two years have been difficult ones for shippers to move their freight. But times like these are when logistics providers can most clearly demonstrate the value they bring to their business partners.

AUSTIN, Texas — Tesla will build a vehicle dedicated for use as a robotaxi, and it will start making three new vehicles next year, CEO Elon Musk told fans at a party celebrating the opening of a Texas factory.

Reflecting on the passage of the infrastructure bill, which projects will offer the most benefit to the trucking industry and what were some of the missed opportunities? As House Transportation and Infrastructure Committee Chairman, Rep. Peter DeFazio recognizes the value in investing in commercial transportation improvement projects like port modernization and workforce development. In this special edition of Newsmakers, Rep. Peter DeFazio joins TT's Eugene Mulero and Dan Ronan to discuss how Congress might respond to rising fuel costs, the problem with truck parking, and his decision to retire at the end of this term.

A fast-growing, resilient species of dandelion that could serve as a domestic source for natural rubber for tires is the focus of accelerated commercialization backed by the Department of Defense and involving tiremaker Goodyear, BioMADE and Farmed Materials.

Mack Trucks has introduced its range calculator for its Mack LR Electric refuse vehicles to help customers simulate real-world routes and build routes based on route-specific variables.

Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling $423 million that will have a negative impact on operating income.

Tesla Inc. will start production next year of three products that have fallen well behind Elon Musk’s original schedule, including the Semi.

Amazon plans to file objections to the union election on Staten Island, N.Y., that resulted in the first successful U.S. organizing effort in the company’s history.