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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.... Read more
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Knight-Swift, ODFL buckle on improved pricing as weak freight market takes toll on earnings
The two carriers are focused on long-term pricing strategies and operational improvements, positioning for recovery and growth...... Read more
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ATA contests new report questioning existence of driver shortage
A National Academies study commissioned by FMCSA found little evidence supporting trucking's assertions of a driver shortage...... Read more
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Kenworth, Peterbilt trucks recalled over Cummins X15 issue
The fuel pump issue affecting more than 9,000 Cummins X15 engines is impacting more than 5,600 Paccar trucks. Also: Trimac names...... Read more
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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.... Read more
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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.... Read more
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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.... Read more
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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.... Read more
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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... Read more
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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%.... Read more
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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.... Read more
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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.... Read more
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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.... Read more
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Crossword Puzzle Solution for October 28, 2024
Here's the solution to the crossword puzzle found in the October 28, 2024 print edition.... Read more
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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. ... Read more