About 300 trucks weekly are expected to pass through Marcelino Serna once trade there resumes starting Aug. 7. (U.S. Customs and Border Protection) A Mexico border crossing in Texas for commercial truck traffic will reopen after six years starting Aug. 7 to provide an alternative to the Juarez-El Paso land ports of entry. Located 17 ...more
General Electric diesel locomotives stand on the final assembly line at the GE Manufacturing Solutions facility in Fort Worth, Texas. (Luke Sharrett/Bloomberg) Transportation is responsible for one quarter of the world’s greenhouse gas emissions. While companies have touted electric vehicles and sustainable aviation fuel as ways to cut emissions from air and road travel, reducing ...more
Norfolk Southern’s revenue declined to $2.98 billion in the second quarter. (Norfolk Southern Corp.) OMAHA, Neb. — The costs associated with Norfolk Southern’s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits. Norfolk Southern recorded ...more
Covenant says it is pleased with the initial operating results of Lew Thompson & Son Trucking after acquiring the company in the first quarter. (Covenant Logistics) Covenant Logistics Group Inc. reported a year-over-year decrease in revenue and earnings during the second quarter of 2023, the company reported July 26. The Chattanooga, Tenn.-based truckload carrier posted ...more
(Andrey Rudakov/Bloomberg News) LONDON — Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged. The British energy company said its adjusted earnings followed lower oil and ...more
Kubota tractors are stored in Uniontown, Pa. (Gene J. Puskar/AP) WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight against inflation. The July 27 estimate from the Commerce Department ...more
The route is the result of a partnership between ODOT, DriveOhio, the Indiana Department of Transportation and the Transportation Research Center Inc. (cosmonaut/Getty Images) Ohio and Indiana have agreed to test partially automated trucks on a 166-mile stretch of Interstate 70 between Columbus, Ohio, and Indianapolis beginning as early as October. The Ohio Department of ...more
Lordstown Motors' Endurance electric pickup truck. (Bloomberg News) A Delaware bankruptcy judge said she’s worried Lordstown Motors Corp. was attempting to sell itself in Chapter 11 before a rival electric vehicle maker can take it to trial over allegations Lordstown stole designs and technology to develop its flagship vehicle, the Endurance electric truck. Judge Mary ...more
Members of the Clean Freight Coalition pressed for funding specific for the trucking industry as part of transportation electrification efforts. (SunJae Smith/American Trucking Associations) WASHINGTON — A coalition of freight stakeholders called for greater emphasis on the heavy-duty sector as federal lawmakers and regulators continue to prioritize electric vehicles nationwide. During its initial formal meetings ...more
Mikhail Makarov/Getty Images Legislation meant to promote highway safety by setting federal standards that further determine a carrier’s competence was recently introduced in the U.S. Senate. Republican Sens. Deb Fischer of Nebraska and Mike Crapo of Idaho, sponsors of the Motor Carrier Safety Selection Standard Act, say their effort would require the U.S. Department of ...more
