Cummins Inc. recorded a massive one-time gain from the split-off of its filtration business. But first-quarter revenue dropped as weakening business conditions impacted the engine maker and power distribution giant. The Tier 1 supplier of truck engines and power systems for data centers and other businesses reported Q1 revenue of $8.4 billion. That was down…
Gerry Reed, the owner of a small South Texas trucking company, said he’s fighting to survive against other carriers who continue to misuse Mexico-based B-1 visa drivers to deliver loads point to point within the U.S. Reed, whose name has been changed for this story, spoke to FreightWaves on condition of anonymity out of fear…
With year-to-year comparisons as tough as would have been expected, C.H. Robinson’s earnings report chose to highlight how the 3PL did sequentially, where signs of improvement were not hard to find. The numbers overall were strong enough to lead analyst Jeff Kauffman of Vertical Partners on the company’s earnings call to say something that hasn’t…
Jacksonville, Florida-based Raven Transport Holding Inc. said it is shutting down its over-the-road (OTR) and dedicated fleets, according to a Worker Adjustment and Retraining Notification filing on Wednesday. The closure of the two fleets will result in 83 laid-off employees, including 57 truck drivers, from Raven’s facility at 7150 Philips Highway in Jacksonville. Officials for…
WASHINGTON — The Biden administration’s recent final rule setting new carbon emissions standards for truck makers could be overturned if Republicans in Congress get their way. Senate and House Republicans on Wednesday introduced a resolution of disapproval of the Environmental Protection agency’s Phase 3 greenhouse gas emissions rule for heavy-duty trucks. Co-authored by Sen. Dan…