Amazon has committed to lease 10 additional freighter aircraft from Air Transport Services Group and pay its partner to operate the aircraft over five years as part of a deal that deepens relations between the companies and underscores how the retailer is gaining in the U.S. parcel market. ATSG (NASDAQ: ATSG) announced late Monday that…
Another decline in the benchmark retail price of diesel used for most fuel surcharges is the most outward sign of a market that is sagging in several places. The Department of Energy/Energy Information Administration average weekly retail price declined 5.3 cents a gallon Monday, falling to $3.894. It was the fourth consecutive decline and the…
WASHINGTON — House lawmakers have approved legislation directing the U.S. Postal Service to set new rules for keeping track of crashes involving its trucking contractors, including penalties against motor carriers for failing to report them. On Monday the House passed, by voice vote, the Mail Traffic Deaths Reporting Act of 2024, which would require contract…
UPS announced on Monday that Brian Newman, executive vice president and chief financial officer, will leave the company on June 1 to focus on his health. According to a press release from Atlanta-based UPS, the company will look internally and externally to select Newman’s successor. Glenn Zaccara, UPS vice president of communications, told FreightWaves that…
The Center for Transportation and the Environment launched a project in California to deploy Hyundai Motor Co.’s hydrogen-powered trucks to boost zero-emission freight transportation in the state. The $53 million project, NorCal Zero, will bring 30 of Hyundai’s Xcient Fuel Cell electric trucks to the San Francisco Bay and Central Valley areas, CTE said in…