M&M Transport Services has 500 trucks and 1,900 trailers across 12 U.S. locations in the Northeast, Midwest and Southwest. (Schneider) Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services. Based in West Bridgewater, Mass., M&M primarily offers specialty services for the retail and manufacturing customers, Schneider said in an Aug. ...more
A gantry crane loads a container from the SITC Lide container ship onto a truck at a shipping terminal at dusk in Yokohama, Japan. (Kiyoshi Ota/Bloomberg News) Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the ...more
BMW's electric lineup. (BMW) BMW AG is stepping up spending on its electric car rollout after the luxury carmaker’s battery-vehicle deliveries more than doubled during the first half of the year. The level of buyer interest in EVs means BMW is “investing more than originally planned in the global ramp-up of e-mobility,” Chief Financial Officer ...more
NEW YORK — Amazon on Aug. 3 posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. The e-commerce giant earned $6.7 billion, or 65 cents per share, for the three-month period ended June 30, much higher than the $3.64 billion industry analysts surveyed by FactSet had anticipated. Amazon ...more
Yellow's situation has disrupted the LTL market. (Yellow Corp.) Less-than-truckload carrier Yellow Corp. ceased operations on July 30 after nearly 100 years in business, causing an upheaval for both its customers and the broader LTL market. News of the shutdown emerged organically, as word of layoffs and service cancellations began to swirl. The company issued ...more
Yellow's situation has disrupted the LTL market. (Yellow Corp.) Less-than-truckload carrier Yellow Corp. ceased operations on July 30 after nearly 100 years in business, causing an upheaval for both its customers and the broader LTL market. News of the shutdown emerged organically, as word of layoffs and service cancellations began to swirl. The company issued ...more
CEO Mark Rourke said in a news release. “Our dedicated new business pipeline remains solid." (Schneider National Inc.) Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter. The Green Bay, Wis.-based company said Q2 net income fell 40% to $77.5 million, or 43 cents per diluted share, from $129.8 ...more
An entrance to the Ohio Turnpike. (Marvin Fong/Tribune Content Agency) COLUMBUS, Ohio — The Ohio Turnpike is preparing to overhaul the way it calculates tolls starting this fall, which will help the turnpike’s finances but have varying effects on motorists’ wallets. Other changes are coming to the turnpike, too, including allowing E-ZPass users to drive ...more
A Goodyear plant in Thailand. (Goodyear Tire & Rubber Co.) Weaker demand from the U.S. and European commercial truck sectors resulted in a second-quarter 2023 loss at Goodyear Tire & Rubber Co., it said, while also citing a tornado shuttering production at a Mississippi plant as a factor. Akron, Ohio-based Goodyear reported a loss of ...more
This week, a semi truck driver was issued multiple citations after becoming stuck on the Smugglers Notch segment of Vermont Route 108 in Cambridge, Vermont.Th incident began around 5 p.m. on Tuesday, August 1 when Vermont State Police (VSP) were notified of a tractor trailer in Smugglers Notch.When troopers arrived on scene, they found the ...more
