General News
Schneider Q3 Revenue, Profit Decline in Weak Freight Market
The company's results missed expectations from investment analysts on Wall Street, who had been looking for earnings per share of 23 cents and quarterly revenue of $1.33 billion.
Heartland Express in Red for Q3 Again but Loss Narrows
Losses at Heartland Express narrowed year over year in the third quarter as both legacy brands and two more recently acquired units turned in an improved performance.
Trump-Musk Alliance May Boost Tesla, Reshape Big Tech
Silicon Valley is bracing for a different relationship with the U.S. government as Donald Trump prepares to return to the White House.
Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth
Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.
N.Y. to Give $21.6M for Dairy Supply Chain, Milk Tankers
Gov. Kathy Hochul unveiled the grant program in her 2024 State of the State address as a response to mounting challenges facing dairy farmers.
Canada Braces for Economic Disruption
Canada, which buys more U.S. goods than any other nation and is its largest external oil supplier, is bracing for economic disruption now that voters have elected Donald Trump.
I-40 Between N.C. and Tennessee Could Reopen by Jan. 1
Interstate 40 may reopen between North Carolina and Tennessee by New Year’s Day, according to the North Carolina Department of Transportation.
Here’s What a Trump Presidency Means for EVs, Oil
Donald Trump’s victory promises to shake up U.S. energy and environmental policy, with sweeping implications for oil production, offshore wind development and electric vehicle sales.
Lyft Teams With Mobileye in Series of Autonomous Deals
Lyft announced three new partnerships with autonomous driving technology vendors, including Intel spinoff Mobileye, as it plays catch-up in offering driverless rides on its platform.
Trump Victory Brings Risk of Tariffs
Business leaders around the world awoke Nov. 6 to a new reality with Republican Donald Trump set to return to the White House, promising greater U.S. protectionism and higher tariffs.
Cummins Q3 Profit Jumps 23.3% on Data Center Generator Needs
Buoyant appetite for data center power generators underpinned a 23.3% year-on-year jump in Cummins Inc.’s profit in the third quarter, trumping weak demand for heavy-duty truck engines.
GM Recalls Chevy Bolts from 2020–2022 Over Battery Fire Risk
This smaller recall from GM comes three years after a larger callback of the all-electric Chevrolet Bolt for a similar hazard.
Lineage Prepares for First Post-IPO Earnings Report
Wall Street expects the company to report $1.3 billion in revenue and an adjusted diluted loss per share of $1.73 for the quarter that ended in September.
GXO Reports 28% Revenue Jump For Q3
GXO Logistics experienced a 28% jump in revenue as its operations built momentum in the third quarter, the company reported Nov. 5.
Ongoing Truckload Weakness, Helene Hurt P.A.M. Q3 Profit
Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.
States Prepare Rules for Autonomous Vehicles
While no fully autonomous cars are in regular use in the country yet, some states have allowed limited testing and pilot programs on public roads.
North Carolina Deploys Surplus Goods to Aid Storm Recovery
Gov. Roy Cooper has issued two executive orders to aid recovery efforts in the state — one to expedite distribution of surplus goods, and another to waive motor vehicle requirements.
Forward Air Revenue Soars 92%; Net Loss Hits $34M
The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.
Aramco Q3 Profit Down 15% Year Over Year
DUBAI, United Arab Emirates — Saudi Arabian oil giant Aramco reported third-quarter profit of $27.5 billion on Nov. 5, down about 15% from last year as low oil prices ate into its revenue.
Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes
Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.