Trucking company owner pleads guilty to evading EPA regs

The owner of a Rhode Island-based trucking company pleaded guilty in federal court on Monday to conspiring to illegally alter or bypass truck emission controls. The conspiracy, which took place from roughly September 2014 through August 2019, involved Michael Collins, his North Kingstown company, M&D Transportation Inc., and his now-defunct computer company, Diesel Tune-Ups of…

Mighty fall: Container line profits plummet from historic peak

China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share — finally closed its books on 2022 just as the first quarter of 2023 came to an end. The Chinese company’s results highlight the steep decline that began last year and that continues through today. Early revenue reporting on the…