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Shopify Profit Is More Than Double Forecast, Extending Streak

Shopify Inc. beat expectations in the second quarter, with adjusted profit per share more than double what analysts had forecast, and said operating earnings for 2021 should exceed last year’s.

July 28, 2021

US Senators Introduce Bill to Repeal Excise Tax on New Trucks

Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry.

July 26, 2021

Mobileye First to Test Self-Driving Vehicles in New York City

Mobileye, an autonomous vehicle company owned by Intel, announced that it has been testing its driverless cars on New York City streets since June, making it the first and only company thus far to receive a New York AV testing permit.

July 26, 2021

CARB Approves Amendments to Onboard Diagnostic System Regulations

California Air Resources Board members have unanimously approved amendments to light-, medium- and heavy-truck onboard diagnostic system regulations that will require more data to be stored by the OBD systems, and address issues regarding several malfunction monitors.

July 26, 2021

GM Sues Ford in Fight Over Branding of Self-Driving Cars

General Motors Co. is suing its competitor Ford Motor Co. for violating a trademarked driver-assist technology that’s used for hands-free features, according to a lawsuit.

July 26, 2021

Magna Acquires Driver-Assist Supplier Veoneer

Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers.

July 23, 2021

XL Fleet, eNow Partner on Refrigerated Trailers

XL Fleet Corp. announced an agreement and an investment in eNow Inc., a provider of solar and battery power systems that enable fully electric transport refrigeration units for commercial vehicle trailers.

July 23, 2021

Daimler Posts Q2 Earnings, Revenue Surge Despite Headwinds

Daimler AG reported higher earnings and revenue as it sold 736,385 passenger cars and commercial vehicles in the second quarter, up 36% compared with 541,833 a year earlier. Truck sales alone jumped by an even higher percentage.

July 23, 2021

Trailer Rental/Lease Study Examines the Reach of Technology Solutions

Some fleets are turning to third parties to provide the manpower to monitor, analyze and decide when to move a trailer, where to move it, when to have it maintained.

July 23, 2021