Volvo Cars will postpone U.S. shipments of its best-selling electric car model as it shifts production from China in the wake of tariff hikes.
June 26, 2024Search
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Robert Brown of Bot Auto breaks down the state of autonomous trucking today, and where it's headed.
VTNA: US Class 8 Retail Sales Running Below Expectations
DUBLIN, Va. — U.S. Class 8 retail truck sales paced a bit below expectations through May and are now expected to total 260,000 to 270,000 in 2024, according to VTNA executive Magnus Koeck.
June 26, 2024Circle K Owner Names New CEO as Fuel Sales Drag on Earnings
Alimentation Couche-Tard Inc., Canada’s most valuable retailer, tapped Chief Operating Officer Alex Miller to take over as CEO as the company explores more merger and acquisition deals.
June 26, 2024Shale Executives See Takeovers Squeezing US Oil Production
U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.
June 26, 2024How to Optimize Cash Flow
Today's transportation companies work under tremendous pressure - from rising costs and labor shortages to looming recessions and fluctuating demand. Effectively managing cash flow and both sides of the carrier-shipper relationship are vital to continued operations when running on fine margins. Invoicing errors, service disputes, payment delays and more can not only disrupt your day-to-day operations but also slow down an already beset supply chain.Â
July 25, 2024Vinn White Named FMCSA’s New Acting Leader
Vinn White, who already leads the Department of Transportation’s artificial intelligence effort, has been named acting leader of the Federal Motor Carrier Safety Administration.
June 26, 2024NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call
EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.
June 26, 2024Industries Fearing a Port Strike Urge Biden to Revive Talks
Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.
June 26, 2024FedEx’s Strong Profit Forecast Drives Stock Surge
FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.
June 26, 2024Rivian to Form EV Venture With $5 Billion From Volkswagen
Volkswagen will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive, throwing a lifeline to the startup and giving VW access to Rivian's technology.
June 25, 2024