Motiv Power Systems, a maker of Classes 4-6 electric trucks, delivered 55 more vehicles to Purolator. Purolator piloted the first five Motiv electric trucks in 2021. This delivery completes Purolator’s order from […]
More than 100 container truck drivers from the Lower Mainland held a rolling convoy from Delta, B.C., to a Vancouver port on May 5, to protest against the new container […]
Corpay, previously Fleetcor Technologies, has reduced its full-year earnings forecast for 2024, citing high interest rates and unfavorable foreign exchange rates, according to CEO Ron Clarke. “Both of these macro factors unfortunately will depress our current rest of year,” Clarke said during a call with analysts Wednesday after the market closed. “Additionally, we’re expecting our…
Norfolk Southern’s management has prevailed in its battle to retain control of the Class 1 railroad, with activist shareholder Ancora Holdings winning only three seats on the board of directors Thursday. The results of the shareholder vote announced at the company’s annual meeting did cost board chair Amy Miles her position, as she was not…
The freight recession has officially dragged on longer than the COVID boom, and brokers are feeling the pinch of chronically suppressed margins. While it is tempting to forgo tech upgrades during a downturn in an attempt to save money, this approach will leave brokers at an even greater disadvantage when the market inevitably turns. High-frequency…