Volume grew by 10% year-over-year at RXO’s brokerage business in the second quarter, CEO Drew Wilkerson said. (RXO) Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023. Asset-light transportation provider RXO reported second-quarter 2023 ...more
TFI International operates TST Overland Express. TFI reported revenue of $1.79 billion in the most recent three-month period, compared with $2.42 billion in the prior-year period. (TFI International) Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said, ...more
President Joe Biden speaks to reporters before entering a car on Aug. 2. (Manuel Balce Ceneta/Associated Press) WASHINGTON — The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel. The Energy Department canceled a planned purchase of 6 million barrels ...more
An Amazon Fresh store in Warrington, Pa. (Matt Rourke/Associated Press) NEW YORK — Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members. The initial rollout will only be available in a dozen cities, including Boston, Phoenix, Dallas and San Francisco, the company told customers Aug. 2 in an emailed ...more
DERA funding is meant to facilitate the voluntary replacement or installation of retrofits on existing heavy-duty diesel vehicles and engines. (Wisconsin Department of Transportation) A bill that updates the Diesel Emissions Reduction Act through fiscal 2029 was recently approved by a committee in the U.S. Senate. The bipartisan measure is designed to promote health benefits ...more
A truck driver won the lottery just days after notifying his boss of his retirement in Massachusetts last month. 65-year-old Paul Bashaw was a trucker for 20 years when he finally decided it was time to retire. He gave his boss his notice, and just three days later he walked into a convenience store in West ...more
This week, Schneider National, Inc. announced the acquisition of a major dedicated contract carrier.On August 1, Schneider announced the acquisition of West Bridgewater, Massachusetts-based M&M Transport Services, LLC.Financial terms of the acquisition were not disclosed. Following the acquisition, M&M Transport will operate as a wholly owned subsidiary of Schneider.M&M Transport’s asserts include 500 trucks and 1,900 trailers across 12 locations in the Northeast, Midwest and Southwest. “By ...more
A motorist caught video of a can opener crash in Tennessee.The video was captured in July 2023 at a railroad bridge dubbed “The Carters Creek Can Opener” in Carter, Tennessee. The video was shared by Carters Creek Restorations.In the video, a moving box truck whips past two bright yellow signs warning that the bridge clearance ...more
A wrecked semi truck left a load of lemons scattered along a highway in New Jersey on Wednesday morning. The accident happened on August 2nd in Mahwah, New Jersey on Route 17 near Mountainside Avenue at around 10 a.m.According to North Jersey News, the semi truck was traveling in the northbound lanes of Route 17 when ...more
Three people were hurt after a truck with six people inside got stuck on train tracks in Missouri on Tuesday afternoon. The accident occurred on August 1st just before 4:30 p.m. at the intersection of E. 187th Street and Holmes Road, near Belton, Missouri.According to Fox 4 KC, a total of six people were inside of ...more
