John Sommers II for Transport Topics Truck tonnage in April fell on both an annual and month-to-month basis as freight activity remains slow, American Trucking Associations said May 23. Tonnage slumped 3.4% last month to 112.7 when measured against the same period a year ago, and dipped 1.7% compared with March results, according to ATA’s ...more
Activity at the Port of Long Beach. The facility reported a 19.6% year-over-year decline in container volume in April. (Lauren Justine/Bloomberg News) The slump in container volumes at ports on the East and West coasts continued in April as some of the largest facilities saw year-over-year double-digit drops. The Port of Los Angeles reported a ...more
UPS customer Jessica Ray with her aging pooch Adu, who requires specialty dog food. (Bebeto Matthews/Associated Press) WASHINGTON — Living in New York City, working full time and without a car, Jessica Ray and her husband have come to rely on deliveries of food and just about everything else for their home. It has meant ...more
Vattenfall/Volvo Group Volvo Group signed an agreement to purchase wind power from renewables producer Vattenfall AB in a rare bilateral energy deal in the transport sector. The Swedish truck and bus maker will buy 50% of the renewable electricity produced at the Bruzaholm wind park in the south of the country over a decade starting ...more
Phoenix Mayor Kate Gallego arrives in a Waymo self-driving vehicle at the Sky Harbor International Airport Sky Train facility in Phoenix. (Matt York/Associated Press) Self-driving car pioneer Waymo is teaming up with ride-hailing leader Uber in the Phoenix area to transport passengers and deliver food in robotic cars that triggered a bitter technological dispute between ...more
The study surveyed 357 CFOs, investor-relations professionals and other executives at public companies in 2021. (woraput/Getty Images) The pandemic may have upended businesses, but surprisingly it did little to dent managers’ misplaced confidence in their earnings forecasts, new research shows. More than three out of four financial professionals said there was a strong likelihood that ...more
Rep. Rick Crawford at a past hearing. (Al Drago/Bloomberg News) The chairman of a House transportation subcommittee wants lawmakers to put as much focus on truck parking as they have on expanding the scope of electric vehicles, and laments that the issue wasn’t a central focus of the Infrastructure Investment and Jobs Act that President ...more
Boeing CEO Dave Calhoun in Doha on May 23. (Christopher Pike/Bloomberg News) Boeing Co. cautioned that the aerospace industry could suffer from supply disruptions for more than half a decade, delaying deliveries to airlines and hampering the rebound from the COVID-19 pandemic. “I can see supply constraints for a very long time,” CEO Dave Calhoun, ...more
An Amazon fulfillment center. (Benjamin Girette/Bloomberg News) Amazon.com Inc. repeatedly violated federal labor law by unilaterally changing policies and terminating union supporters at its sole unionized warehouse, U.S. labor board prosecutors alleged in a complaint, which also accuses CEO Andy Jassy of personally making illegal anti-union comments. In a May 22 filing, a National Labor ...more
Siegfried Schnepf/Getty Images PHOENIX — States are taking aim at towing companies that prevent carriers from accessing cargo in a trailer after a rig has been dropped off after a tow, a panel of insurance experts said. “Having dealt with a few tow truck companies, they are pretty scary people,” said Dean Croke, principal analyst ...more
