Covenant Logistics Group reported adjusted earnings per share of $1.07 for the fourth quarter Tuesday after the market closed, a 22% year-over-year (y/y) decline. Covenant’s total revenue in the quarter declined 7.4% y/y to $273.9 million, with the carrier citing weaker freight conditions in the truckload market despite strategic planning that yielded positive results, said…
Volvo Trucks North America’s first new over-the-road VNL in seven years features a more powerful electrical system to help power eventual autonomous driving while aerodynamics and powertrain improvements boost fuel efficiency by up to 10%. The truck comes in four configurations led by flagship VNL 860 sleeper cab. Two other sleeper configurations and a day…
Volvo Trucks North America (VTNA) has unveiled its latest Class 8 Volvo VNL truck, which will serve as a platform for upcoming technologies including battery-electric, fuel cell, and internal combustion […]
A judge has ruled it was unreasonable for the Liberal government to use the Emergencies Act to quell “Freedom Convoy” protests in the national capital and at key border points two […]
Efforts to build an international container terminal at the Port of New Orleans capable of handling ultralarge container vessels got a boost Monday from the federal government. The port announced it was awarded an additional $226.2 million grant to assist in constructing the $1.8 billion Louisiana International Terminal (LIT), a project that aims to position…