HDC Logistics third-quarter net income declined 35% year over year (y/y) compared to the same period in 2022, as demand for rental trucks and fleet management softened. The UK-based company announced its third-quarter earnings before the market opened Wednesday. “As we see things that continue to...

Congestion cost trucking companies a record $94.6 billion in 2021, according to a new study published by the North American Transportation Research Institute, with Nevada, Louisiana, Georgia and California seeing the biggest rate increases from a 2016 baseline. “Whether it is recurring congestion or incident-related,...