News
Diesel Price Blows Past $4 a Gallon With 22.2¢ Surge
Proving last week’s surge wasn’t a fluke, the national average diesel price skyrocketed 22.2 cents to reach $4.127 a gallon, according to the Energy Information Administration.
Estimated 5% of UPS’ daily parcels diverted due to strike concerns
UPS Inc. (NYSE: UPS) lost about 5% of its domestic average daily volume, almost exclusively to rival FedEx Corp., (NYSE: FDX) due to shipper concerns over a possible strike by the Teamsters union, according to consultancy…
Pre-Trip Master Shamrell Bound for 17th NTDC
NTDC-bound FedEx Freight driver Dan Shamrell from Oregon is among the most accomplished pre-trip experts competing in precision-driving events.
Nikola gets an electric truck order from J.B. Hunt
J.B. Hunt Transport is ordering 13 battery-electric and hydrogen-powered fuel cell trucks from Nikola. The purchase boosts the startup’s prospects in a critical week for the company. The 10 battery electric trucks help…
The largest trucking bankruptcy in history – WTT
On today’s episode of WHAT THE TRUCK?!?, Dooner is talking about the fall of Yellow. At noon ET on Sunday, the 99-year-old carrier shut the gates. With a formal bankruptcy announcement expected today by the company, we look…
Heartland Express sees no demand uptick in Q2
Truckload carrier Heartland Express said Monday it hasn’t seen a seasonal improvement in demand. Heartland (NASDAQ: HTLD) reported second-quarter earnings per share of 10 cents, 6 cents light of the consensus estimate and…
NTSB: Fatal Amtrak derailment shows need for more track inspections
“Poor track conditions” of a track owned by BNSF may have contributed to a fatal September 2021 accident involving an Amtrak train derailment in Joplin, Montana, according to the National Transportation Safety Board. But…
Shipping line ONE’s profits plunge but still top pre-COVID levels
During the peak of the supply chain crisis, accusations flew, alleging that shipping lines were somehow colluding to prop up rates and gouge customers. Recent results posted by ocean carriers undermine those claims. They…
Celebrities Can’t Stop Making Ice Cream
Snoop Dogg’s Dr. Bombay ice cream pints. Dr. Bombay With Snoop Dogg’s Dr. Bombay and Cher’s Cherlato, ice cream is the celebrity brand extension du jour First it was booze, then it was fast-food combo meals, and now it’s ice…
Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year
Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.
