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RXO Faces Revenue Decline, Net Loss in Q2

The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.

August 7, 2024

Wisconsin ‘Trooper in a Truck’ Event Promotes Safety

Wisconsin State Patrol troopers and the Wisconsin Motor Carriers Association recently held their third annual Trooper in a Truck safety campaign to tackle distracted driving.

August 7, 2024

NHTSA Seeks Information From Tesla on Fatal Cybertruck Crash

DETROIT — Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup.

August 7, 2024

Watch: Biden’s ‘Infrastructure Decade’ Becoming More Concrete

From coast to coast, a $1 trillion bipartisan infrastructure package is breathing life into long-awaited transportation projects.

August 7, 2024

Daimler Truck Reports 4% Revenue Decline in Q2

The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.

August 7, 2024

Lack of Standard Training for EV Techs Perpetuates Shortage

There’s an aggressive push for more electric vehicle chargers and technicians to work on them, but a problem remains: There’s no nationwide standard for training those technicians.

August 7, 2024

Continental Gains After Car-Parts Returns Turn Positive

Continental AG shares rose after improving returns at its struggling car-parts unit, which the German company may spin off in its biggest-ever restructuring.

August 7, 2024

Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid

A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.

August 7, 2024

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 7, 2024

Rivian Holds to Annual Production Goal Unchanged Since 2023

Rivian maintained its full-year vehicle production target and profit-making goal, a sign the electric vehicle maker is filling orders on schedule after retooling its assembly lines.

August 6, 2024