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The post Daily Infographic: US petroleum product exports set a record high in 2022 appeared first on FreightWaves.
The post Daily Infographic: US petroleum product exports set a record high in 2022 appeared first on FreightWaves.
A significant shareholder in TravelCenters of America is asking the truckstop chain to speak with convenience store chain Arko about the latter’s bid for TA, which is for a higher per share price than that of oil giant BP, which is on track to buy TA next month. In an open letter to the TA…
Radiant Logistics announced on Monday full quarterly results for the first time since May 2022. The Renton, Washington-based 3PL has been mired in a financial restatement process tied to revenue and expense recognition for in-transit shipments. The process delayed the financial filing for multiple periods as prior-year results were being reviewed. The company was resolute…
For decades, hydrogen has been the “just around the corner” hope to decarbonize transportation fuel. How much of a setback would it be if Nikola runs out of money before its ambitious hydrogen-powered truck and fueling infrastructure plans are realized? “If Nikola doesn’t make it, the big blow is really from what would happen to…
The fifth generation of Kodiak Robotics’ autonomous truck design moved more components into mirror-mounted SensorPods, eliminating the “unibrow” of cameras and radars above the windshield that suggests a science project rather than a production truck. Kodiak is aiming for the same end-of-2024 time frame that competitors TuSimple and Aurora Innovation point to for limited driverless…
Heading into 2023, many had hoped that the second half of the year would hold a rebound in containerized U.S. import volumes just in time for peak season. But, just as U.S. import demand appeared to be finding a bottom, further downside risks have now emerged for the entire U.S. economy that are wrecking the…
Knight-Swift Transportation’s latest acquisition is a bit of a reversal from recent initiatives, which were designed to dilute some of the cyclicality inherent in being an over-the-road truckload carrier. Those actions included acquiring less-than-truckload assets and building out a power-only brokerage offering. On Tuesday, Knight-Swift (NYSE: KNX), the nation’s largest TL carrier, announced it will…