News
Fed Raises Key Rate Again, but Hints at Possible Pause
The Federal Reserve reinforced its fight against high inflation May 3 by raising its key interest rate by a quarter-point to the highest level in 16 years.
TMSA ELEVATE Runs June 11-13
Business and sales executives are facing extraordinary changes in customer expectations, technology, and the talent need to drive results. Marketing and communications professionals are feeling unprecedented pressure to…
Cargo ‘combi’ carriers Korean Air, Lufthansa post lower Q1 revenues
Sharp drops in first-quarter cargo revenue at Korean Air and Lufthansa Cargo, two of the world’s largest cargo carriers within a passenger airline, underscore how cooling demand and rates are resetting the market after…
March Used Class 8 Sales Down 20% Year-Over-Year
Sales of used Class 8 truck sales in March decreased 19.8% year-over-year to 20,200 units from 25,200, ACT Research reported. However, month-over-month sales rose 14.8%.
Electrified Fleet Grid Upgrades Could Benefit Utilities
Paying for power grid upgrades trucking companies need to charge electrified medium- and heavy-duty fleets would provide a long-term financial boon to utilities.
Senators Tout FCC’s 5.9 GHz Spectrum Waiver
U.S. Senate Transportation leaders touted the Federal Communications Commission’s recent decision to open access to a band of the transportation spectrum.
Trimble’s Q1 transportation revenue falls 2% to $155M
Trimble Inc. on Wednesday reported that its first-quarter transportation revenue decreased just 2% year over year (y/y) to $154.9 million. “In transportation, the market backdrop is very dynamic with a softening freight…
NASA’s supersonic Quesst, DAT vs Convoy, Bed Bath & Beyond vs OOCL – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to NASA’s Dave Richwine about the Quesst to go supersonic. The agency aims to end a 50-year ban on supersonic travel by defying the thunderous sound of a sonic boom.…
Dear Teamsters: Negotiate hard with UPS at the table, not the picket line
By Satish Jindel Editor’s note: The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Many thanks to the more than 100 people who commented on…
RXO Reports $1 Billion Revenue for First Full Quarter
RXO on May 3 reported revenue exceeding $1 billion in its first full quarter as an independent company. The Charlotte, N.C.-based business formerly operated within XPO.
