John Sommers II for Transport Topics Truck tonnage in May continued its downward year-over-year trend, dipping 1.3% when measured against the same month in 2022. However, on a month-to-month basis, the index increased a seasonally adjusted 2.4% and the index jumped to 115.4 compared with 112.7 in April. Still, American Trucking Associations Chief Economist Bob ...more
Workers clear debris from a section of the collapsed bridge in Philadelphia on June 15. (Hannah Beier/Bloomberg News) PHILADELPHIA — Temporary lanes on Interstate 95 will be open sometime this weekend, with permanent repairs to follow, Gov. Josh Shapiro said June 20, more than a week after a section of the interstate collapsed in Philadelphia. ...more
A Rivian R1T electric pickup. (Hannah Elliott/Bloomberg News) Rivian Automotive Inc. will incorporate Tesla Inc.’s electric vehicle charging ports into future automobiles and gain access to its supercharger network, marking another high-profile adopter of technology that is rapidly becoming the industry standard. The agreement would give Rivian drivers access to more than 12,000 Tesla superchargers ...more
(THEPALMER/Getty Images) Truck dealers are all-in on electric commercial motor vehicles and want cleaner, greener, and safer trucks on our roadways. We’re doing our part to be ready for the coming electrification of commercial fleets. However, we also understand that fleet owners have major factors to weigh when considering an investment in electric or alternative-powered ...more
Carlos Ghosn was arrested in Japan in 2018. (Michel Euler/AP) BEIRUT — Auto tycoon Carlos Ghosn has filed a $1 billion lawsuit against Nissan and about a dozen individuals in Beirut over his imprisonment in Japan and what he says is misinformation spread against him, Lebanese officials said June 20. According to the officials, Ghosn’s ...more
Pete Buttigieg tours the port of Yokohama on June 19. (Eugene Hoshiko/AP) YOKOHAMA, Japan — An American push to establish “green shipping corridors” is key to reducing carbon emissions from the shipping industry, U.S. Transportation Secretary Pete Buttigieg said June 19 while touring the port of Yokohama near Tokyo. Buttigieg was in Japan to attend ...more
Amazon warehouse workers move carts filled with packages. (Justin Sullivan/Getty Images via Bloomberg News) Sen. Bernie Sanders (I-Vt.) launched an investigation into charges of unsafe working conditions at Amazon.com Inc. warehouses across the U.S., raising the possibility of high-profile hearings on complaints over the retailer’s treatment of employees. Safety issues at Amazon’s warehouses have been ...more
A FedEx worker sorts packages in Garden City, N.Y. (Michael Nagle/Bloomberg News) FedEx Corp. gave a 2024 profit outlook below analyst expectations as a drop in package demand offsets CEO Raj Subramaniam’s $4 billion cost-cutting plan. Adjusted earnings in the next fiscal year will be $16.50 to $18.50 a share, the Memphis-based courier said June ...more
Even with the current gain, diesel prices are down 30.1 cents on average since April 17. (THEPALMER/Getty Images) Diesel prices bumped up 2.1 cents to a national average of $3.815 a gallon, according to Energy Information Administration data on June 19. Highlights The average diesel price rose for just the fifth time this year and ...more
Over 90% of the group’s revenue stems from businesses trading under the DHL brand. (DHL.com) BONN, Germany — German multinational package delivery and logistics company Deutsche Post DHL Group said June 19 that it is changing its name to DHL Group as of the beginning of July. The company said the new name reflects the ...more
