Daimler AG reported lower net income and revenue in the third quarter despite gains at its North American truck business. The company — the world’s largest luxury car manufacturer also is the largest truck maker — had forecast the results in recently released guidance.
October 25, 2018Business, Technology, Equipment
Daimler Reports Lower 3Q Results Despite Gains in North American Truck Sales
Business, Technology
Blockchain-Based dexFreight Completes First Truckload Shipment
Decentralized logistics platform dexFreight announced Oct. 24 that it had completed its first shipment — of frozen foods — using a blockchain-based contract system.
October 25, 2018Business, Technology, Autonomous
Tesla Profit Blowout Reverses Much of Elon Musk’s Damage to Stock
Tesla Inc. blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
October 25, 2018Government, Business, Technology, Equipment, Safety, Fuel
Glider Kit Study Drew ‘Inaccurate’ Conclusions, Tennessee Tech Finds
A misconduct investigation completed by Tennessee Technological University concluded that university researchers erred when stating in an industry-funded glider kit study that emissions from the trucks are as clean or cleaner than those from newer trucks.
October 24, 2018Government, Business, Technology
Retiring Michigan DOT Chief Kirk Steudle Appointed Econolite Executive
Outgoing Michigan Department of Transportation Director Kirk Steudle has been appointed senior vice president of Econolite, a company that specializes in intelligent transportation systems and traffic management software.
October 24, 2018Business, Technology, TCA
Alliant to Acquire Hybrid Transit Systems, Expand Freight Transport Service
CEDAR RAPIDS, Iowa — Alliant Energy’s transportation subsidiary has announced plans to buy Cedar Rapids-based Hybrid Transit Systems. The acquisition will add a layer of freight transport to Alliant Energy Transportation.
October 23, 2018Business, Technology, Autonomous
New Autonomous Trucking Company Ike Aims to Bring ‘Some Patience’ to Field
Ike, the latest company to emerge from stealth in the autonomous trucking world, wants to take a sober approach to developing the technology.
October 23, 2018Business, Technology, Logistics, TCA
E2open Buys Leading Ocean Freight Software Firm Inttra
E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry.
October 23, 2018Business, Technology
Crowley Maritime Christens LNG-Powered Cargo Ship
Fair winds and following seas greeted El Coqui — hailed as the future of modern maritime trade with its cleaner-burning liquefied natural gas engines and cutting-edge technology — as she sailed Oct. 20 from Jacksonville with cargo bound for Puerto Rico.
October 22, 2018Business, Technology
Mack, Volvo Enhance Over-the-Air Software Update Capabilities
Mack Trucks and Volvo Trucks have improved upon their over-the-air feature, which allows for updates to occur while a driver has downtime, such as while at a rest stop or home.
October 22, 2018