TFI Posts Increases in Profit, Revenue in Q4
TFI International Inc. reported an increase in both profits and revenue in the fourth quarter as it works toward completion of its acquisition of UPS Freight, the less-than-truckload and dedicated truckload divisions of UPS Inc., later this year.
February 9, 2021Democrats Cut Off Relief Checks at $200,000 Household Income
House Democrats are proposing to limit the next round of COVID-19 relief payments to households earning less than $200,000, after criticism that President Joe Biden’s $1.9 trillion stimulus package would benefit the rich.
February 9, 2021DTNA Announces Detroit Brand ePowertrain
Daimler Trucks North America announced its proprietary Detroit ePowertrain for the upcoming Freightliner eCascadia and Freightliner eM2 models, and plans a $20 million investment in its Detroit brand manufacturing facility that will serve as the North American source of Detroit ePowertrain components.
February 9, 2021Ritchie Bros. Taps Kari Taylor for Revenue Post
Ritchie Bros. announced Kari Taylor, president of North America sales, has been appointed to the newly created position of chief revenue officer.
February 9, 2021Hyzon SPAC Merger Includes $400 Million Investment
Fuel cell truck startup Hyzon Motors Inc. agreed to a merger with blank-check company Decarbonization Plus Acquisition Corp. in a deal that values the two combined at more than $2 billion.
February 9, 2021California Drivers Ask Appellate Court to Require Pay for Nondriving Work
A federal appeals court is being asked to overturn a lower court’s determination that state law does not require motor carriers to pay drivers separately for nondriving work such as inspections, refueling, and loading and unloading at docks, when drivers are paid on what’s known as a piece-rate basis.
February 9, 2021Partner With The Nation’s Most Reliable Spill Response Network
In the event of a spill, being prepared with a response plan can make all the difference. Learn how to position your company to protect your bottom line and your brand from unnecessary costs, liabilities and damage.
February 9, 2021ODFL Expands National Service Center Network
Old Dominion Freight Line Inc. has added nine service centers in new and existing markets, the less-than-truckload carrier announced. The steady growth brings the count to 245 and solidifies Old Dominion’s presence across the continental United States.
February 9, 2021Diesel Surges 6.3¢ for Biggest Weekly Rise Since 2019
The nationwide average price of diesel fuel increased by 6.3 cents per gallon to $2.801, marking the 14th straight week with a gain and the largest rise in nearly 17 months, according to U.S. Energy Information Administration data released Feb. 8.
February 8, 2021Saia Reports Earnings Nearly Doubled to $40.2 Million for Q4
Saia Inc. saw income surge and revenue gains during the fourth quarter, the company reported Feb. 8.
February 8, 2021