Rivian Automotive Inc. is cutting about 6% of its workforce and simplifying product plans, saying the economy has made it harder for the electric vehicle maker to raise money to build up production.
July 27, 2022Search
Showing 10 of 7866 results
= Premium Content
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Ford Q2 Profit Up 19% on Strong Prices, Sales Increase
DETROIT — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales.
July 27, 2022Union Pacific to Spend $1 Billion to Modernize 600 Trains
Union Pacific, the second-largest U.S. railroad, is spending $1 billion to modernize 600 trains.
July 27, 2022Paccar Reports in Q2 All-Time Quarterly Net Income, Revenue
Paccar Inc. reported record net income and revenue for the second quarter as all segments of its business showed strength.
July 27, 2022Used Class 8 Prices Continue Slide in June, but Remain High
The average retail price of a used Class 8 fell for the third consecutive month in June, ACT Research reported, calling the trend a significant downturn even as the average retail price remained above $90,000.
July 27, 2022GM Misses Profit Estimates as Chip Shortage Crimps Output
General Motors Co. reported weaker second-quarter profit than analysts’ estimates as semiconductor shortages kept production volumes in check. The automaker also warned it is bracing for tougher times ahead.
July 26, 2022US House Passes Fiscal 2023 Transportation Bill
Legislation that would fund federal transportation programs in fiscal 2023 was recently approved in the U.S. House of Representatives.
July 25, 2022Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer
Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.
July 25, 2022Fontaine Specialized Announces New Workhorse Model
Trailer maker Fontaine Specialized announced it added a new model to the Workhorse lineup, the 55PVR Pro, a multipurpose road construction trailer.
July 25, 2022Bridgestone, Pilot Partner on Fleet Tire Intelligence Program
Bridgestone Americas and Pilot Co. announced select travel center locations will offer Bridgestone Fleet Care mobility solutions to provide actionable fleet tire intelligence.
July 25, 2022