General News
US Extends 25% Tax Credit to Chip and Solar Wafers
The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects.
Walmart Challenges Amazon With Prescription Delivery
Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.
General Motors Posts Q3 Profit of $3 Billion
DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.
Mail Carriers Reach Tentative Contract With USPS
Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide air-conditioned trucks.
Norfolk Southern Tops Third-Quarter Expectations
Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.
Diesel Price Drops 7.8¢ to $3.553
The national average diesel price fell 7.8 cents to $3.553 per gallon, according to U.S. Energy Information Administration data released Oct. 21.
Crossword Puzzle Solution for October 21, 2024
Here's the solution to the crossword puzzle found in the October 21, 2024 print edition.
Auto Supplier Dana Exploring Sale of Off-Highway Unit
Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.
Volvo Q3 Profit Falls 28.5% on Market Downturn, Mack Issues
Volvo Group profits fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenues and margins.
BMW Recalls 700,000 Cars in China Over Coolant Pump Issues
Models affected include locally-made 3 Series and 5 Series vehicles, as well as several imported X Series SUVs.
Biden Administration Pledges $2B to Reinforce Electric Grid
The funding for 32 projects is being made available through the Energy Department and will span 42 states. Investments will include utilities damaged by hurricanes Helene and Milton.
Tesla’s Full Self-Driving Under Investigation by NHTSA
NHTSA said Oct. 18 it will assess whether Tesla’s system, also known as FSD, has the ability to detect and appropriately respond to fog and other reduced visibility conditions.
Housing Starts Fall as Multifamily Projects Tumble
Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Oct. 18, after a big rebound in construction in August.
Presidential Race Is Too Close to Call, Karl Rove Says
NASHVILLE, Tenn. — This presidential election is a once-in-a-generation contest that will be decided over key policy issues, political strategist Karl Rove told trucking executives.
Oklahoma Woman Wins the Last Peterbilt Model 389x Built
NASHVILLE, Tenn. — An Oklahoma woman won Rush Truck Centers’ sweepstakes to give away the last Peterbilt Model 389x produced.
Northvolt Close to $300M Deal to Address Cash Flow Issues
A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.
EV Manufacturer Revoy Unveils Ryder as First Customer
Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.
Ports of Indiana Announces Expansion and New Partnership
JEFFERSONVILLE, Ind. — Ports of Indiana, in partnership with Superior River Terminals Indiana, has launched “Indiana River and Rail Terminals,” the largest general cargo operation on the Ohio River.
Meijer, Ohio Trucking, DDC Win Awards for Industry Advocacy
NASHVILLE, Tenn. — The Mike Russell Trucking Image Award is given annually to those that demonstrate the industry’s essential nature, professionalism and commitment to safety.
LNG Tanker Glut Is Softening Blow for Consumers
Ships that carry LNG are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying more for energy this winter.