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U.S. Class 8 retail sales ended 11 consecutive months of year-over-year declines with a small uptick in July, according to data from Wards Intelligence.

The ruling found that a work stoppage between the Teamsters and rail companies would not pose an immediate threat to public health and safety, meaning a strike could occur as soon as Aug. 22.

Bridgestone Corp. experienced an increase in revenue but a decline in earnings during the second quarter of 2024, the company reported Aug. 9.

Nikola Corp. reported a 103% revenue increase but wider losses in the second quarter as electric vehicle sales gained momentum, the company announced Aug. 9.

ACT preliminary data showed orders fell 13% to 13,400 units. They also experienced a drop of 8% from the previous month.

Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.

The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.

The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.

Bestpass-Fleetworthy Solutions has acquired connected truck and weigh station network operator Drivewyze, the companies announced Aug. 7.

GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.