Canadian Pacific Reports Mixed Q3 Earnings
Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.
October 20, 2021Trucking Industry Now Short 80,000 Drivers
The trucking industry is now short at least 80,000 drivers, according to ATA Chief Economist Bob Costello, who on Oct. 20 raised the estimate of drivers needed from 61,500 in his annual findings.
October 20, 2021Tesla Hits Record Profit Despite Parts Shortage
DETROIT — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history.
October 20, 2021Flock Freight Scores $215 Million for Tech That Finds Available Space on Trucks
Flock Freight, an Encinitas, Calif., trucking logistics firm that aims to revolutionize the way freight moves across the country, has landed another $215 million in venture capital.
October 20, 2021Seemingly an Odd Couple, Tesla and Texas Becoming Tightly Intertwined
It seems like an unlikely marriage: Tesla, the world’s biggest electric automaker, moving its headquarters to Texas — where the oil and gas industry is etched in the state’s DNA and where, unless something changes, Tesla isn’t even allowed to sell its vehicles directly to customers.
October 20, 2021Senate Commerce Panel Approves FMCSA Nominee
WASHINGTON — The nomination of Meera Joshi, President Joe Biden’s pick to lead the Federal Motor Carrier Safety Administration, advanced to the floor of the U.S. Senate on Oct. 20.
October 20, 2021Rental/Lease Trailer Inventory Rises in 2021
A 2021 inventory by WillGo Transportation Consulting puts the number of rental/lease trailers at 6.5% higher than a year earlier, according to a recent survey of certain North American companies in that sector.
October 20, 2021Strong Segment Growth Drives Knight-Swift Q3 Results
Knight-Swift Transportation Holdings reported third-quarter revenue and earnings improvements that were driven by strong segment growth.
October 20, 2021Marten Reports Record Revenue for Q3
Marten Transport reported record revenue for the third quarter, the company announced Oct. 19.
October 20, 2021Infrastructure Battle Puts China Chip Bill on Back Burner
A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.
October 20, 2021