Transport Topics https://www.ttnews.com/ The News Leader in Trucking and Freight Transportation en Traton Q2 Profits Rise 4.4% Despite Navistar’s Mirror Woes https://www.ttnews.com/articles/traton-q2-2024-earnings Traton’s profits rose in Q2 2024 as higher prices and South American demand trumped a slump in truck sales for Navistar’s International Trucks brand due to a shortage of mirrors. Fri, 26 Jul 24 16:43:59 EDT Keiron Greenhalgh https://www.ttnews.com/articles/traton-q2-2024-earnings Road to NTDC Spotlight: Nate Lewis https://www.ttnews.com/articles/ntdc-nate-lewis For Nate Lewis, the National Truck Driving Championships is an occasion to celebrate his family's trucking legacy. The next chapter will be written in Indianapolis. Fri, 26 Jul 24 16:14:47 EDT Eugene Mulero https://www.ttnews.com/articles/ntdc-nate-lewis TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls https://www.ttnews.com/articles/tfi-earnings-q2-2024 TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment. Fri, 26 Jul 24 14:57:41 EDT Keiron Greenhalgh https://www.ttnews.com/articles/tfi-earnings-q2-2024 Oil Drilling Recovery Unlikely This Year, Baker Hughes Says https://www.ttnews.com/articles/oil-drill-recovery-unlikely Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. Fri, 26 Jul 24 13:05:27 EDT David Wethe https://www.ttnews.com/articles/oil-drill-recovery-unlikely Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains https://www.ttnews.com/articles/ryder-q2-2024-earnings Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period. Fri, 26 Jul 24 11:31:33 EDT Keiron Greenhalgh https://www.ttnews.com/articles/ryder-q2-2024-earnings CMA CGM Reports Solid Volumes, Sees Rates Peaking https://www.ttnews.com/articles/cma-cgm-earnings-q2-2024 CMA CGM SA reported a second-quarter jump in cargo volumes and signaled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports. Fri, 26 Jul 24 09:35:23 EDT Tara Patel https://www.ttnews.com/articles/cma-cgm-earnings-q2-2024 Fed’s Preferred Inflation Gauge Cools https://www.ttnews.com/articles/core-inflation-cools WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, setting the stage for the Fed to begin cutting interest rates this fall. Fri, 26 Jul 24 09:10:12 EDT Christopher Rugaber https://www.ttnews.com/articles/core-inflation-cools Norfolk Southern Profits Lifted by Insurance Payments https://www.ttnews.com/articles/ns-earnings-q2-2024 Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own. Thu, 25 Jul 24 17:53:22 EDT Josh Funk https://www.ttnews.com/articles/ns-earnings-q2-2024 GM’s Cruise Targets Resumption of Driverless Rides This Year https://www.ttnews.com/articles/gm-cruise-resume-driverless Cruise is targeting a return to running fully autonomous rides later this year and possibly charging fares by early 2025, said people familiar with the matter. Thu, 25 Jul 24 17:01:12 EDT David Welch https://www.ttnews.com/articles/gm-cruise-resume-driverless Lineage’s Shares Climb Up to 5% After Biggest IPO Since Arm https://www.ttnews.com/articles/lineage-shares-climb-big-ipo Temperature-controlled storage and logistics giant Lineage Inc. shares climbed as much as 5.4% in its debut as a public company after raising about $4.4 billion in the year’s largest IPO. Thu, 25 Jul 24 16:06:10 EDT Amy Or and Bailey Lipschultz https://www.ttnews.com/articles/lineage-shares-climb-big-ipo Freight Rate Rebound Timeline Remains Muddy https://www.ttnews.com/articles/freight-rebound-timeline-muddy A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts. Thu, 25 Jul 24 15:39:40 EDT Keiron Greenhalgh https://www.ttnews.com/articles/freight-rebound-timeline-muddy Daimler Truck Advances Battery-Electric Ambitions in Germany https://www.ttnews.com/articles/daimler-battery-tech-center Daimler Truck’s battery-electric vehicle ambitions took another step forward as the world’s largest truck maker opened a center devoted to developing battery expertise in Germany. Thu, 25 Jul 24 15:27:51 EDT Keiron Greenhalgh https://www.ttnews.com/articles/daimler-battery-tech-center Harris Sticking With ‘Build Back Better’ Agenda for Campaign https://www.ttnews.com/articles/harris-campaign-president Vice President Kamala Harris has committed to continue pursuing policies the current administration initiated three years ago should she win the November presidential election. Thu, 25 Jul 24 14:47:58 EDT Eugene Mulero https://www.ttnews.com/articles/harris-campaign-president DOT’s Oral Fluid Testing Stalls Due to Lack of Labs, Testers https://www.ttnews.com/articles/oral-drug-test-stalls-dot DOT drug testing of truck drivers using oral fluid collections was approved more than a year ago, but a lack of certified lab testing facilities  has stalled use of the method. Thu, 25 Jul 24 13:59:53 EDT Eric Miller https://www.ttnews.com/articles/oral-drug-test-stalls-dot Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize https://www.ttnews.com/articles/knight-swift-q2-2024 Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million. Thu, 25 Jul 24 13:58:59 EDT Connor D. Wolf https://www.ttnews.com/articles/knight-swift-q2-2024 Covenant Logistics Reports Nearly 5% Revenue Rise for Q2 https://www.ttnews.com/articles/covenant-earnings-q2-2024 Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24. Thu, 25 Jul 24 13:25:41 EDT Connor D. Wolf https://www.ttnews.com/articles/covenant-earnings-q2-2024 NTSB Voices Concerns Over Potential Downgrade of Marijuana https://www.ttnews.com/articles/ntsb-downgrade-marijuana-drug NTSB filed comments with DEA expressing concerns that moving marijuana from Schedule I to Schedule III of the Controlled Substances Act could end testing of the drug for truck drivers. Thu, 25 Jul 24 12:43:06 EDT Eric Miller https://www.ttnews.com/articles/ntsb-downgrade-marijuana-drug Gordie Howe International Bridge Links Detroit to Windsor https://www.ttnews.com/articles/bridge-links-detroit-windsor DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing. Thu, 25 Jul 24 12:41:56 EDT Aya Fayad https://www.ttnews.com/articles/bridge-links-detroit-windsor Colorado Judge Temporarily Halts Kroger-Albertsons Merger https://www.ttnews.com/articles/judge-kroger-albertsons A Colorado judge issued an order temporarily blocking the proposed $25 billion merger of Kroger Co. and Albertsons Cos., which has been challenged by the state attorney general. Thu, 25 Jul 24 11:09:50 EDT Leah Nylen https://www.ttnews.com/articles/judge-kroger-albertsons Trump Targets Biden Administration’s EV Agenda at RNC https://www.ttnews.com/articles/trump-targets-biden-ev-agenda A rollback of policies that former President Donald Trump believes unfairly target fossil fuel-powered vehicles would be among the central priorities he'd tackle if re-elected this fall. Thu, 25 Jul 24 11:09:22 EDT Eugene Mulero https://www.ttnews.com/articles/trump-targets-biden-ev-agenda