General News
Soybean Demand Drops as US Biofuel Tax Credit Stalls
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.
Trucking Firms Call on Hochul to Delay New York’s EV Rule
COHOES, N.Y. — Trucking industry executives and others asked Gov. Kathy Hochul to pump the brakes on state regulations that mandate sales of electric trucks in New York starting in January.
White House Adviser Addresses Fleets’ Need for Cybersecurity
CLEVELAND — White House official Stephen Viña stressed the importance of trucking cybersecurity Oct. 28 even as carriers adapt to an unknown technological future.
PennDOT Approves Rules for Self-Driving Vehicles in State
There are now rules of the road for self-driving vehicles in Pennsylvania.
Covenant's Q3 Net Income and Revenue Take Slight Dips
The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.
BYD Reportedly Hires Another Stellantis Executive
China’s BYD Co. reportedly is hiring the former U.K. chief of Stellantis NV as the EV maker builds a team of European executives to lead its expansion in the region.
Oil Prices Fall on Weak Global Demand
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.
Biden to Announce $3B to Reduce Carbon Emissions at Ports
WASHINGTON — The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country.
US Finalizes China Investment Restrictions on Key Tech
The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.
Diesel Price Nudges Up 2¢ to $3.573 a Gallon
The U.S. average diesel price edged up 2 cents, reaching $3.573 per gallon, according to U.S. Energy Information Administration data released Oct. 28.
Ford’s Profit Outlook Falls Short as EV Demand Slows
Adjusted earnings before interest and taxes this year will be about $10 billion, down from a previous outlook for as much as $12 billion, the company said Oct. 28.
United Rentals Hits Q3 Revenue High, Faces Margin Pressure
United Rentals Inc. set a quarterly revenue record in Q3 on surging demand in its specialty rentals segment, but the company faced margin pressure on bottom-line results.
PepsiCo to Close Chicago Plant, Offer 60 Days’ Pay
PepsiCo said the decision was difficult, but it described the 60-year-old building as a facility with “physical limitations.” The company said it would pay workers for the next 60 days
International Motors Q3 Profit Almost Doubles as Sales Soar
Profits at International Motors almost doubled year on year in Q3 as the OEM cleared a delivery backlog caused by a Q2 fire at a mirror supplier, with truck sales jumping more than 40%.
Fed Faces Trust Gap in Economic Management, New Data Show
The average level of trust in the Fed’s ability measured 3.2 on a scale of 1 to 7, with 7 representing the highest trust. The authors also found a political divide among respondents.
Total Distribution Buys REO Processing & REO Logistics
Third-party logistics specialist Total Distribution Inc. is adding 10 facilities across West Virginia and Georgia through the acquisition of REO Processing & REO Logistics, it said in a release.
Voltera Adds Two California Truck Charging Locations
“Securing these two sites in California is a significant step forward in our mission to support the electrification of commercial fleets,” said Sylvia Hendron.
Crossword Puzzle Solution for October 28, 2024
Here's the solution to the crossword puzzle found in the October 28, 2024 print edition.
Autonomous Tech Could Transform Farming
A growing number of companies are bringing automation to agriculture. It could ease the sector’s labor shortage, help farmers manage costs, and protect workers from extreme heat.
Autonomous Yard Tractor Developer Outrider Raises $62M
Autonomous electric yard tractor software developer Outrider raised $62 million in an oversubscribed Series D financing round, it said Oct. 24.