News Crawler

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.View the full article

Transport Topics has received three national awards from the American Society of Business Publication Editors, honoring TT’s “Wheels of Justice” series for the second year in a row.View the full article

There’s more to a state qualifier than showcasing one’s safety driving skills in a bid to advance to the National Truck Driving Championships.View the full article

U.S. trailer orders in April rose slightly compared with 2021, but plunged compared with March to settle at the lowest point since October, ACT research reported, citing trailer makers’ preliminary data.View the full article

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.View the full article

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.View the full article

Details are emerging about seven new elements mandated under the White House’s infrastructure act that states must include in their comprehensive freight plans.View the full article

Ryder System Inc. shares jumped after HG Vora Capital Management offered to buy the trucking company in a deal valued at about $4.4 billion.View the full article

A bill introduced in the Massachusetts Legislature aims to eliminate a tax on vehicles owned by motor carriers in the state.View the full article

ATLANTA — South Korean automaker Hyundai Motor Group is expected to announce next week that it is building an electric vehicle plant near Savannah, Ga., according to a U.S. official familiar with the anticipated announcement.View the full article

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.View the full article

Bridgestone Americas announced the launch of a new drive tire tread that is engineered to increase retread value for fleets. View the full article

Instacart Inc., a 10-year-old grocery delivery startup that was once one of the most highly valued of its gig-economy generation, is preparing to go public. CEO Fidji Simo now must convince investors that Instacart’s explosive growth during the COVID-19 lockdowns won’t fade along with the virus. View the full article

LONG BEACH, Calif. — Top executives at some of the largest companies in trucking said many factors must come together before the industry can fully advance toward a zero-emission future.View the full article

Congressional policymakers formally kicked off negotiations on comprehensive legislation meant to facilitate domestic production of semiconductors and improve the movement of freight at ports. View the full article