General News
Continental Picks Goldman, JPMorgan for Car Parts Spinoff
Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.
Trade Gap Narrows to Smallest in Five Months
The U.S. trade deficit narrowed in August to the smallest in five months, helped by a larger services surplus and a pickup in merchandise exports.
PepsiCo Lowers Revenue Forecast as Sales Growth Weakens
PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on buying its snacks and drinks.
J.B. Hunt to Back Freight, Logistics Startup Incubator
The venture aims to launch up to six startups over the next three years, beginning in 2025, to address core strategic challenges within the transportation industry.
Hurricane Milton Takes Aim at Tampa Bay as Category 4 Storm
TAMPA, Fla. — Hurricane Milton weakened slightly but remained a ferocious storm that could land a once-in-a-century direct hit on the populous Tampa Bay region with towering storm surges.
Diesel Price Rises 4¢ to $3.584 a Gallon
The national average diesel price increased 4 cents to $3.584 per gallon, according to U.S. Energy Information Administration data released Oct. 7.
Rivian Faces Delays, Cuts Production After Supplier Misstep
Rivian miscalculated when communicating supply and demand needs with Essex, its sole supplier of what are essentially copper wires that carry the electric current inside EV motors.
Hurricane Milton Is Now a Disastrous Category 5 Storm
This makes Milton one of the most powerful storms produced in the Atlantic this year, rivaled only by Hurricane Beryl, which raked Texas, Mexico and the Caribbean in July.
WYDOT Rolls Out Web-Based Permitting for Heavy Loads
Launched on Oct. 1, the ProMiles commercial web-based system streamlines the administration of self-issued permits while maintaining existing state permit requirements.
Crossword Puzzle Solution for October 7, 2024
Here's the solution to the crossword puzzle found in the October 7, 2024 print edition.
California Gov. Newsom Again Vetoes Autonomous Truck Bill
For the second time in a year, California Gov. Gavin Newsom has vetoed legislation that would have required a driver to be in the cab when autonomous trucks are tested on state highways.
Production Begins at Hyundai’s $7.6 Billion EV Factory
Hyundai has begun electric vehicle manufacturing at its new factory near Savannah, Ga., a major milestone in Georgia’s emergence as an EV hub.
Rivian Seeks Federal Loan to Restart EV Plant Construction
New documents show Rivian has applied for a federal loan to help finance the $5 billion electric vehicle factory it plans to build an hour east of Atlanta.
Lucid’s Quarterly Production Falls, Missing Estimates
Lucid Group Inc.’s electric vehicle production dropped in the third quarter and missed analysts’ forecasts, even as deliveries exceeded expectations.
LNG Ships Divert to Europe on Wider War Fears
Liquefied natural gas cargoes are diverting away from Asia to Europe after fears of a wider war in the Middle East sent benchmark Dutch prices rallying.
Shell Sees Strong Natural Gas Production in Third Quarter
Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.
Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion
Chevron Corp. agreed to sell its stakes in some oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 billion.
Florida Faces New Storm Threat as Region Reels From Helene
Florida is bracing for another potentially dangerous and costly hurricane less than two weeks after Hurricane Helene devastated a wide swath of the U.S. Southeast.
ATA's Spear: Trucking's Voice Will Cut Through Noise at MCE
Spear is optimistic that ATA's outreach over the past year have been paying off. This includes actions by members to better inform lawmakers about the industry's most critical issues.
Benefits of an Incremental Journey
Chevron partnered with FreightWaves to survey various carriers about their perceptions and use of lower carbon intensity fuels. Key findings show the importance for carriers to understand the value of incremental implementation of reducing lifecycle carbon emissions today. Learn more.