Federal Excise Tax Adds $15,000–$30,000 to New Truck Price, ATA Says
Industry group renews push to repeal 12% federal excise tax on new Class 8 tractors, citing upfront cost barrier that keeps older trucks on the road.
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
BMO Sells Truck Financing Units to Stonepeak in Undisclosed Deal
Infrastructure investor Stonepeak acquires BMO's commercial truck financing businesses for undisclosed cash plus earnout tied to performance targets.
Manhattan Associates Lifts 2026 Forecast After Q1 Revenue Tops $282M
Supply chain software provider raises full-year EPS guidance to $5.29–$5.37 on stronger cloud revenue, but stock remains 16% below December peak.
DQS Acquires Contract Logistics Provider CLI in Warehouse Push
The deal adds 5 million square feet of warehouse space across 17 states and a proprietary WMS to DQS's growing transportation platform.
Einride Files for $1.35B Nasdaq Listing, Adds 75 Amazon Electric Trucks
Swedish electric-truck maker targets Q2 public debut while deploying heavy-duty fleet across five U.S. Amazon sites.
Ryder Q1 Profit Beats Forecast on 6% Jump in Used Tractor Sales
Used tractor volume up 6% year-on-year lifted Ryder's Q1 earnings 27¢ above consensus despite 5% lower pricing and flat total vehicle sales.
Mullen Group Q1 Revenue Hits Record on Acquisitions
Canadian carrier's first-quarter revenue reached an all-time high, driven primarily by recent company purchases rather than organic freight growth.
Covenant Q1 Earnings Miss by 4¢, March Rebound Flags Rate Gains
Chattanooga truckload carrier posted 26¢ per share against 30¢ forecast as winter weather and fuel costs hit margins, but CEO cites improving freight volumes…
Gnosis Freight Adds Walmart Logistics Chief Gary Adams to Board
Adams ran global logistics for Walmart for three decades: now he's advising the AI freight platform on enterprise execution.
TFI Truckload Profit Beats Forecast, LTL Margins Slide in Q1
TFI's truckload division lifted Q1 earnings 8¢ above consensus despite weather delays, while the newly combined LTL group posted weaker margins year-over-year.
Dozen Small Carriers and Brokers File Bankruptcy in April Wave
New Jersey 57-truck fleet leads mid-April cluster of Chapter 7 and Chapter 11 filings spanning six states as margins stay tight.
Marten Transport Q1 Operating Ratio Hits 99.1% Despite Revenue Gains
The Wisconsin truckload carrier's operating income fell to $1.6 million in Q1 2026 as costs outpaced a modest uptick in per-tractor revenue.