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.
October 22, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
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.
October 22, 2024Norfolk 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.
October 22, 2024Diesel 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.
October 21, 2024Auto 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.
October 18, 2024Volvo Q3 Profit Falls 28.5% on Market Downturn, Mack Issues
Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.
October 18, 2024BMW 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.
October 18, 2024Biden 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.
October 18, 2024Tesla’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.
October 18, 2024Housing 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.
October 18, 2024