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Ohio Derailment Cost Norfolk Southern $387 Million

Norfolk Southern announced April 26 that the Feb. 3 freight train derailment in East Palestine, Ohio, cost the railroad $387 million, which impacted its first-quarter profit by 33.7%.

April 26, 2023
GovernmentBusiness

Congressional Republicans Unveil Labor Bill

A comprehensive update to labor laws aimed at improving the national workforce landscape was recently proposed by congressional Republicans.

April 26, 2023
BusinessLogisticsFor-Hire

TFI Reports Lower Income, Revenue

TFI International profits slid year-over-year in the three months ending March 31, with its top executive saying April 26 that conditions in the quarter were tougher than expected.

April 26, 2023
BusinessLogisticsTop 100

Old Dominion Reports Revenue, Earnings Decline for Q1

Old Dominion Freight Line experienced a year-over-year decline in revenue and earnings during the first quarter, the company reported April 26.

April 26, 2023
BusinessFuel

Carbon Deal Targets Pipeline Seeking to Tackle Ethanol Emissions

A project to build a giant pipeline to remove carbon produced by the corn-based ethanol industry struck its first agreement to sell carbon-removal credits.

April 26, 2023
GovernmentBusinessTechnologyEquipmentSafety

NHTSA Revives Effort to Require Side Impact Guards

The National Highway Traffic Safety Administration is working with the trucking industry as it revisits a proposal to mandate installation of side underride guards on heavy truck trailers.

April 26, 2023
BusinessTechnologyEquipmentFuel

Nikola Trucks Join Alberta Hydrogen Demo Program

Two Nikola semis are to take part in a commercial vehicle demonstration program in the Canadian province of Alberta, the truck manufacturer said April 25.

April 26, 2023
BusinessFuel

2023 Comdata and T-Chek Averages

Diesel prices for Comdata are based on seven鈥揹ay cash card transactions from more than 6,500 truck stops. T-Chek prices for self-service are based on purchases at more than 4,500 truck stops; wholesale prices are based on terminals and suppliers from 308 cities.

April 25, 2023
GovernmentBusinessLogisticsTCA

House Introduces Ocean Shipping Competition Enforcement Act

U.S. Rep. John Garamendi (D-Calif.) on April 24 introduced the Ocean Shipping Competition Enforcement Act, legislation he says will help the Federal Maritime Commission.

April 25, 2023
BusinessLogisticsFor-Hire

UPS Reports Lower Earnings as Consumer Spending Slows

UPS Inc. reported first-quarter earnings that were lower than those the Atlanta-based company posted in the same period in 2022 and were mixed when it came to Wall Street expectations.

April 25, 2023

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