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BusinessFuel

As Crude Fades, Big Oil Must Borrow to Pay Investors

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.

October 28, 2024
BusinessLogistics

Universal Reports Year-Over-Year Growth Amid Weak Market

Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.

October 28, 2024
BusinessTechnologyEquipment

VW Plans to Close Three German Factories

Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to become more competitive.

October 28, 2024
BusinessTechnologyEquipment

Truck Maker Scania Plans Complete Shift to Northvolt

Volkswagen’s truck manufacturing brand Scania plans to equip all its future electric trucks with Northvolt batteries, in a vote of confidence for the cash-strapped Swedish battery maker.

October 28, 2024
BusinessLogistics

Understanding LTL (Less Than Truckload) Shipping and Freight

LTL freight shipping has become increasingly important in modern logistics and supply chains due to its cost-effectiveness and flexibility.

October 25, 2024
BusinessFor-Hire

Saia Reports Q3 Revenue Growth Amid Network Expansion

Saia Inc. reported Oct. 25 that it was able to post record-high third-quarter revenue amid an ongoing effort to expand its operational footprint.

October 25, 2024
BusinessLogisticsFor-HireGlobal FreightTCA

Anchorage’s International Airport Adds 5 Carriers

The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.

October 25, 2024
BusinessLogisticsGlobal FreightTCA

German Shipping Giant Hapag-Lloyd Posts Higher Profits

HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

October 25, 2024
GovernmentBusinessTechnologySafetyTCA

Hyundai Nexo SUV Recalled Over Potentially Explosive Leak

Hyundai is recalling its hydrogen-powered Nexo SUV model in the United States for a fix after safety watchdogs warned of a potentially explosive fuel leak.

October 25, 2024
Business

Understand Truck Driver Pay for More Informed Decision-Making and Negotiating

Many factors contribute to a fleet's ability to attract and retain drivers, and pay tops the list. Often, drivers will naturally look to it as the differentiating factor in a job.

October 25, 2024

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