Zim, the world’s 10th-largest ocean carrier, announced a big earnings beat for the fourth quarter and paid out a higher-than-expected dividend. However, it faces a tough year ahead, with a chance of at least some quarters in the red. The company’s shares (NYSE: ZIM) surged Monday on news of the earnings beat, jumping as much…
Navistar Inc. is reliving for a third time a recall of medium- and heavy-duty trucks experiencing engine revving that can overwhelm the parking brake and lead to unintended movement. The Lisle, Illinois-based manufacturer and Traton Group subsidiary is recalling nearly 30,000 International HV and MV trucks from the 2022-24 model years, and IC Bus TC…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to American tanker trucking badass Taylor Barker about life on the road and his music. He talks about trucking wastewater out of East Palestine, Ohio, his view of the tanker market, in-cab surveillance, ghosts and we’ll hear his song “What I Wouldn’t Give.” StreetDrone is…
UPS Inc. and FedEx Corp. have begun to take market share from their regional parcel delivery rivals by leveraging generous price discounts, according to sources. Share-taking between regional and national carriers is nothing new. However, the aggressiveness of the national carriers is different than it has been in the past, the sources said. Among shippers…
The acquisition of a majority stake in Pilot Travel Centers by Berkshire Hathaway has led to a significant increase in the company’s debt rating by S&P Global Ratings. Pilot’s BB+ corporate rating was affirmed in mid-2021, though one debt issue was reduced at that time to a BB+ level. BB+ is not considered investment-grade debt….