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Retail diesel prices are now near levels not seen since the beginning of last summer. The weekly average retail diesel price posted by the Department of Energy/Energy Information Administration fell 5.9 cents a gallon Monday to $3.789. It’s the lowest price in the data series since $3.767 a gallon was posted July 3, 2023. It’s…
To view more FreightWaves infographics, click here The post Daily Infographic: Ship losses hit record low in 2022 appeared first on FreightWaves.
Navistar Inc. is recalling more than 92,000 trucks and buses across its lineup. An antilock braking indicator does not illuminate during emergency stopping events. The issue affects 100% of 2021-2024 vehicles included in the noncompliance recall. No crashes or injuries associated with the condition are known, according to a post on the National Highway Traffic…
On today’s episode of WHAT THE TRUCK?!? Dooner is coming to you live from FreightWaves’ 3PL Summit. We’re diving deep on double brokering stats, scaling tech, surviving a down market and diversifying your freight network. Special guests are Ann Marie Jonkman, senior director of global 3PL industry strategies at Blue Yonder; Kyle Wegman, senior director…
Paccar Inc. posted first-quarter income well above a year ago even with a $446 million after-tax charge to settle civil suits from a 7-year-old price fixing case in Europe. The Bellevue, Washington-based truck manufacturer reported net income of $733.9 million, or $1.40 per diluted share, compared with $600.5 million, or $1.15, in the January-March period…
U.S. Xpress, on the verge of being acquired by Knight-Swift, recently laid off about 150 employees as its earnings report filed with the Securities and Exchange Commission showed a significantly widened loss for the truckload carrier. “We did recently make the difficult decision to reduce roles in a few business areas in response to challenging…