News
Arko still pushing to acquire TA, looking to solidify credit standing
Arko is not giving up in its battle to acquire truck stop giant TravelCenters of America, which has said repeatedly it wants to be bought by oil giant BP. In a letter sent to TA (NASDAQ: TA) management Monday and filed with…
FBX Report: April 17, 2023
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National Steel Car says its wheel sets did not contribute to Norfolk Southern derailment
Wheel sets manufactured by Hamilton, Ontario-headquartered National Steel Car are safe to use and weren’t a contributing factor in the March 4 derailment of a Norfolk Southern train in Springfield, Ohio, according to the…
Moving $30 million worth of gloves – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to Remcoda about how its personal protective equipment and protective glove supply chain works. Cole Garson talks about what it takes to move $30 million worth of…
Israeli firm to convert Boeing 777s for cargo in South Korea
Israel Aerospace Industries said on Monday it will set up additional production capacity in South Korea for its first-of-a-kind conversion of used Boeing 777 aircraft into all-cargo jets. The Tel Aviv-based aerospace and…
Safety recalls hit Volvo, Nikola electric trucks
The numbers are small because there are not many Class 8 electric trucks on the road yet. But new technology is proving just as susceptible to safety recalls as legacy products. Volvo Trucks North America and Nikola Corp.…
J.B. Hunt’s Q1 misses expectations
J.B. Hunt Transport Services reported a worse-than-expected result Monday after the market closed. The transportation and logistics heavyweight pointed to weaker trends in its brokerage, intermodal and truckload divisions as…
Diesel benchmark moves higher as broader market still shows signs of weakness
Just as the oil markets are getting hit with chatter about how much diesel has fallen relative to crude oil and gasoline, the benchmark used for most fuel surcharges posted its first increase since the end of January. A…
Container shipping sees signs of a bottom (at least, for now)
The Shanghai Containerized Freight Index (SCFI) — a closely watched measure of container shipping spot rates — has just risen for the third week in a row after nine months of continuous declines. The SCFI came in at 1033.65…
Diesel Bumps Up 1.8¢ to $4.116 a Gallon
Diesel’s national average price ended its 10-week run of declines by rising 1.8 cents to $4.116 a gallon, according to Energy Information Administration data released April 17.
