Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.
August 8, 2023Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Rivian Will Build 52,000 EVs This Year, More Than Planned
TFI to Buy Class 6-8 Truck Transporter JHT
TFI International is set to acquire Class 6 to Class 8 truck manufacturer transportation provider JHT Holdings Inc., it said Aug. 7.
August 8, 2023UPS Lost More Business Than Expected on Strike Threat
Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
August 8, 2023Kentucky Begins $30 Million Road Project at Owensboro Port
Kentucky Gov. Andy Beshear joined state officials in breaking ground on a $30 million highway expansion project for the Owensboro Riverport Authority.
August 7, 2023Cargo Airline Western Global Goes Bankrupt
Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
August 7, 2023Tyson Foods to Close Four Chicken Processing Plants
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.
August 7, 2023XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023Canada’s Titanium Transportation Buys Georgia’s Crane
Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.
August 4, 2023Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.
August 3, 2023Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.
August 3, 2023Follow Us
Trending
Newsletter Signup
Subscribe to Transport Topics