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Updated: 2 hours 14 min ago

Mack Trucks Brings All Cab Assembly In-House

Thu, 10/24/2024 - 10:36
Volvo Group closed a $40 million deal to buy Commercial Vehicle Group’s Kings Mountain, N.C., cab assembly operations in early October, it said when releasing third-quarter 2024 earnings.

Isaac Introduces Analytics Platform and First AI Features

Thu, 10/24/2024 - 10:32
DALLAS — In-cab technology supplier Isaac Instruments is rolling out a new analytics platform and its first set of features powered by AI to help fleets derive more value from their data.

US Trailer Orders Drop 61% in September

Thu, 10/24/2024 - 10:02
Preliminary net data shows 12,100 trailer orders for the month, up 57.1% from August. But results continue "to bear witness to our expectations of weaker demand," ACT Research said.

German Flying Taxi Firm Lilium May File for Insolvency

Thu, 10/24/2024 - 09:32
Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.

PHMSA Proposes Easing Burdens for Tank Truck Drivers

Thu, 10/24/2024 - 09:30
PHMSA said the proposed rule, announced earlier this month, would provide nearly $100 million in annual cost savings for businesses and consumers.

China’s CATL Unveils Battery Designed for Hybrid Vehicles

Thu, 10/24/2024 - 08:58
China’s Contemporary Amperex Technology Co. Ltd. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

SF Express Is Said to Target Second Listing in Hong Kong

Thu, 10/24/2024 - 08:42
SF Holding Co., China’s biggest express delivery company, is targeting a second listing in Hong Kong at the end of next month that could raise about $1 billion.

UPS Sees Profit Growth for First Time in Nearly Two Years

Thu, 10/24/2024 - 08:13
UPS Inc. returned to sales and profit growth for the first time in nearly two years as the company benefited from higher volumes, more profitable packages, and steadying labor costs.

Union Pacific’s Profit Grows 9%

Thu, 10/24/2024 - 07:55
OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

Clark Beverage to Open Distribution Facility in Kentucky

Wed, 10/23/2024 - 16:08
C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.

Tesla Stock Rises After Q3 Earnings Beat Estimates

Wed, 10/23/2024 - 16:06
The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.

Buttigieg: Truck Parking Central to Safety Mission

Wed, 10/23/2024 - 15:25
USDOT announced more than $4 billion in grants Oct. 21, including projects in Nevada, Ohio and Wisconsin that will add parking to existing facilities along interstate highways.

Tesla’s Shrinking Margins Put Pressure on Upcoming Earnings

Wed, 10/23/2024 - 14:33
Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.

Matador Increases 2024 Oil Output Projection by 5%

Wed, 10/23/2024 - 12:26
Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.

Old Dominion Sees First Year-Over-Year Revenue Drop in 2024

Wed, 10/23/2024 - 11:18
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.

Birla Carbon to Open $1B Graphite Plant in South Carolina

Wed, 10/23/2024 - 10:24
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.

Perspective: Trucking Comes Through in Times of Need

Wed, 10/23/2024 - 09:53
In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.

NACFE: Early Electric TRUs Show Promise; Struggle With Costs

Wed, 10/23/2024 - 09:44
The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

Hyundai Testing Novel Hydrogen Production

Wed, 10/23/2024 - 09:41
Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.

American Tire Seeks Bankruptcy After Deal With Lenders

Wed, 10/23/2024 - 08:55
American Tire Distributors Inc., which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.

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