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Updated: 3 hours 31 min ago

Werner’s Mahon Details Aggressive Approach to Cybersecurity

Thu, 10/31/2024 - 13:07
CLEVELAND — Werner Enterprises cybersecurity lead Daragh Mahon detailed his aggressive and innovative approach to protecting the company's assets during the NMaf Cybersecurity Conference on Oct. 29.

Truckload Turnaround, Pre-Buy to Boost 2025 Sales, OEMs Say

Thu, 10/31/2024 - 11:55
Truck makers are becoming more optimistic about the prospects for 2025 Class 8 purchases.

Plus Ramps Up Autonomous Truck Testing in Texas, Sweden

Thu, 10/31/2024 - 11:25
Automated driving technology company Plus has been ramping up on-road testing of autonomous heavy-duty trucks in the United States and Europe in cooperation with Traton Group.

Stellantis Revenue Falls 27% in Q3

Thu, 10/31/2024 - 10:40
Stellantis NV’s third-quarter revenues slumped 27% as the automaker shipped fewer cars from factories in most of its major markets.

EPA Grants 4 States $248.9M for I-95 EV Truck Charging Sites

Thu, 10/31/2024 - 10:32
EPA is paying $248.9 million to develop 24 electric truck charging sites for medium- and heavy-duty vehicles along the Interstate 95 freight corridor in four East Coast states.

Ford to Halt F-150 Lightning Production as EV Demand Wanes

Thu, 10/31/2024 - 09:58
Ford plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck through the end of the year as demand for EVs continues to wane.

FHWA Awards $96M to 16 States for High-Tech Safety Projects

Thu, 10/31/2024 - 09:55
For truckers, Maine was awarded $5.2 million to offset a $6.5 million project to develop real-time hazard alerts about congestion, bad weather and height restrictions on low bridges.

New York Semiconductor Site Selected for $825M in Funding

Thu, 10/31/2024 - 09:22
ALBANY, N.Y. — A semiconductor research facility in upstate New York was selected as one of three national technology centers and will receive up to $825 million in funding.

Toyota, NTT to Invest $3.3 Billion in AI, Autonomous Driving

Thu, 10/31/2024 - 08:56
Toyota Motor Corp. and Nippon Telegraph & Telephone Corp. have agreed to invest billions to develop autonomous driving software assisted by artificial intelligence.

Uber Shares Slump on Muted Bookings in US Rides Business

Thu, 10/31/2024 - 08:31
Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit. 

Aurora Delays Hauling Freight Without Drivers Until April

Thu, 10/31/2024 - 07:59
PITTSBURGH — Autonomous truck company Aurora Innovation says it won’t start hauling freight without humans on board until April of next year, a delay from the end of 2024.

Werner Revenue and Profit Decline on Q3 Market Struggles

Wed, 10/30/2024 - 16:36
The Omaha, Neb.-based carrier’s Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.

XPO Net Income Climbs 10% on Strong LTL Pricing in Q3

Wed, 10/30/2024 - 15:50
XPO’s North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.

PepsiCo to Close Four US Bottling Plants, Cut 400 Jobs

Wed, 10/30/2024 - 15:21
The news follows PepsiCo's confirmation of the Chicago plant's full closure earlier in the week. Sales, delivery and warehouse functions will continue at the other three locations.

CISA Issues Global Cyber Plan to Protect US Infrastructure

Wed, 10/30/2024 - 14:42
CISA released an international plan outlining steps to work more with overseas stakeholders to better safeguard online interconnections with the U.S. supply chain.

Biden Again Calls on Congress to Support Baltimore

Wed, 10/30/2024 - 14:37
President Joe Biden urged lawmakers to approve funds for rebuilding the Port of Baltimore area during Congress’ post-election work period.

DSV Secures $5.4 Billion in Bonds for DB Schenker Deal

Wed, 10/30/2024 - 13:27
The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.

VW Proposes 10% Pay Cut in Effort to Avoid Factory Closures

Wed, 10/30/2024 - 13:07
Arne Meiswinkel, the automaker’s chief negotiator, said the plan includes a 10% pay cut and revised bonus system. The measures aim to strengthen the VW brand.

OPEC+ Won’t Bring Back Oil Production This Year, Rystad Says

Wed, 10/30/2024 - 11:58
OPEC and its allies aren’t likely to bring oil output back this year because producers are “making huge money” from refined products, according to Rystad Energy.

Trucking Stakeholders Tackle Biggest Cybersecurity Concerns

Wed, 10/30/2024 - 11:16
CLEVELAND — Trucking is dealing with an evolving cybersecurity environment that raised concerns among industry experts during a panel discussion Oct. 28.

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