The Port of Long Beach is in the midst of a 10-year, $2.2 billion capital improvement program, (Lauren Justice/Bloomberg News) LONG BEACH, Calif. — Facing a steady decline in freight, leaders at Port of Long Beach and adjacent Port of Los Angeles say they are using this time to retool and rebuild critical infrastructure and ...more
Sen. Patty Murray (D-Wash.) recently speaking on Capitol Hill in Washington. "We are committed to showing the American people that this place can actually work," she said. (Mark Schiefelbein/Associated Press) With federal funding authority expiring at the end of the month, congressional leaders have yet to finalize their fiscal 2024 legislation. While the Senate this ...more
Tesla vehicles in a parking lot after arriving at a port. (Toru Hanai/Bloomberg News) Electric cars are smashing all kinds of records in the U.S. Their share of new cars exceeded 7% for the first half of the year, speeding past a critical tipping point for mass adoption. In the last few months, all-time sales ...more
Daimler Truck North America’s Freightliner brand took the largest market share in August with 34.9% of all Class 8 sales. (John Smmers II for Transport Topics) U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.Sales declined 1% to 23,342 units ...more
Trucks at the Volvo Customer Center in Gothenburg. (Joe Howard/Transport Topics) GOTHENBURG, Sweden — Leaders from Volvo Trucks said they’re taking a customer-focused approach to achieving corporate goals for reduction of carbon emissions, including drilling down on fleets’ operations to identify and fine-tune opportunities where adoption of zero-emission trucks will make business sense. “We need ...more
Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory. (Nikola Corp.) The first deliveries of Nikola’s hydrogen-fuel-cell-powered Class 8 truck are set to begin as early as late September, CEO Steve Girsky said Sept. 13. Production of the Tre fuel cell electric vehicle began July 31 ...more
Locomotives are stacked up with freight cars on April 21, 2016, at the Union Pacific Railroad's Bailey Yard in North Platte, Neb. (Associated Press/David Zalubowski, File) OMAHA, Neb. — An explosion inside a shipping container at the world’s largest railyard prompted evacuations in western Nebraska on Sept. 14 because of the toxic smoke generated when ...more
(GXO) GXO Logistics announced Sept. 14 it has entered into a definitive agreement to acquire the high-end e-commerce order fulfillment platform PFSweb. Irving, Texas-based PFSweb specializes in high-touch fulfillment in such verticals as luxury and health brands. The acquisition price was set at an enterprise value of about $142 million. GXO plans to acquire the ...more
Yellow Corp. trucks at a facility in Hayward, Calif. (David Paul Morris/Bloomberg News) Just weeks before closing its doors and dismissing thousands of employees, Yellow Corp. doled out millions of dollars in bonuses to executives so they wouldn’t leave the trucking firm during its chaotic unraveling, court papers show. Yellow paid bonuses totaling about $4.6 ...more
President Joe Biden drives a Cadillac Lyriq through the showroom during a tour at the Detroit Auto Show in 2022. (Evan Vucci/AP/File) WASHINGTON — Efforts by the Biden administration to limit pollution from automobile tailpipes — a major source of planet-warming emissions — face a crucial test as legal challenges brought by Republican-led states head ...more
