Trucking Grapples With Evolving Cargo Theft Risks in Q3
Trucking continued to deal with a high number of cargo thefts during the third quarter as criminals take advantage of the tighter economy.
October Medium-Duty Sales Post First Decline Since March
U.S. retail sales for medium-duty trucks declined 4.2% year-over-year in October, ending six consecutive months of year-over-year increases, according to data from Wards Intelligence.
Class 8 Sales Drop for Third Straight Month During October
Class 8 retail sales in October declined from the year-ago period for a third consecutive month, Wards Intelligence data showed.
Mergers and Acquisitions Market Begins to Accelerate
After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.
Forward Air Files Counterclaim Against Omni on Merger
Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.
Trucking Enters Strong but Uncertain Holiday Season
The trucking industry is heading into a strong but somewhat uncertain peak shipping season with consumer spending expected to remain high even amid a softer economy, according to a survey.
Class 8 Order Season Continues Below Year-Ago Surge
North American Class 8 truck orders for October fell precipitously from their year-ago surge, taking a steep but unsurprising drop, according to ACT Research.
Wireless Hacking Demo Shows Tractor-Trailer Vulnerabilities
HOUSTON — A wireless hacking demonstration staged at the National Motor Freight Traffic Association's cybersecurity conference revealed the vulnerabilities of a tractor-trailer.
GXO Beats Soft Freight Market With Earnings Gains for Q3
GXO Logistics Inc. experienced an increase in third-quarter earnings on revenue growth despite the softer freight environment, the company reported Nov. 7.
RXO Reports Negative Earnings in Soft Q3 Market
RXO reported negative net income and a 14% decline in revenue during the third quarter.