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Westport Posts Slight Revenue Decline Amid Restructuring

The Vancouver, British Columbia-based fuel system component manufacturer posted net income of $5.8 million, or 33 cents per diluted share, for the three months ending June 30.

August 14, 2024

Rheinmetall Expands in US With $950 Million Defense Deal

Rheinmetall AG is set to buy a U.S. military vehicle specialist for $950 million as the German company seeks to expand its position in the world’s largest defense market.

August 14, 2024

CPI Inflation Slowed Again in July

WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

August 14, 2024

FedEx Freight’s Light Conquers Pennsylvania

This summer, the one time Mike Light focused all his energy on demonstrating the full prowess of his precision-driving skills, he took home Pennsylvania’s grand champion trophy.

August 13, 2024

Darling Ingredients Surges on California Proposal

Darling Ingredients soared the most in eight years after California signaled it may limit the use of seed oils in green diesel, which would be a boon to companies that use rival feedstocks.

August 13, 2024

Uber Freight Launches Major Shipping Platform Update

Building on its 2018 debut, Uber Freight Shipping has expanded beyond streamlined freight quoting, booking and tracking.

August 15, 2024

Cargill Revenue Down as Trader Struggles With Profit Targets

Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.

August 13, 2024

News: Bestpass & Drivewyze Join Forces in Major Acquisition

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

August 13, 2024

Norfolk Southern Investing $200M to Boost Alabama Capacity

Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.

August 13, 2024