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BusinessEquipment

Volvo Group Q2 Profit Nudges Higher, Margin Improves

Volvo Group posted net income of $1.06 billion, or 52 cents per share, in the three months that ended June 30, compared with $1.03 billion, or 50 cents, in the year-ago period, the company said.

July 19, 2023
GovernmentBusinessTechnologyFuelAutonomousTCA

Michigan Plans Fast-Charging EV Hub for Trucks on I-96

Michigan is joining California and other states in reimagining tomorrow’s truck stops, moving forward with the development of a high-speed charging hub for freight vehicles.

July 19, 2023
GovernmentBusinessSafetyLogistics

FMCSA Embarks on New Effort to Catch Fraudulent Movers

The Federal Motor Carrier Safety Administration this spring conducted more than 100 investigations into household goods moving fraud, and is proceeding with 60 enforcement actions.

July 19, 2023
GovernmentBusinessFor-HireTCA

UPS Pilots to Honor Picket Lines if Teamsters Strike

The pilots union at Sandy Springs, Ga.-based UPS Inc. plans to honor picket lines in the event of a Teamsters strike against the shipping giant.

July 19, 2023
BusinessLogisticsFor-Hire

J.B. Hunt Reports Year-Over-Year Declines for Q2

J.B. Hunt Transport Services experienced a year-over-year decline in earnings and revenue during the second quarter, the company reported July 18.

July 19, 2023

Delaware Officials Pick New Operator for Port of Wilmington

Delaware officials have given the green light to Enstructure LLC to become the new operator of the Port of Wilmington, replacing GT USA Wilmington LLC.

July 18, 2023
BusinessTechnologyEquipmentFuelTCA

High Cost of Hydrogen Remains a Drag on Adoption

If hydrogen fuel cell technology is going to become a desired and viable electric vehicle power source, the cost will have to come down.

July 18, 2023
GovernmentBusinessTechnology

Stellantis Sees Risk of New Chip Shortage on Demand Surge

Stellantis NV expects semiconductor shortages to re-emerge on growing demand for electric vehicles at a time of increased geopolitical risk, making the current respite short-lived.

July 18, 2023
BusinessLogisticsFor-Hire

XPO Bolsters Capacity With Expansion in Georgia

XPO has completed the expansion of one of its service centers near Atlanta in an effort to grow capacity in the area, the company announced July 13.

July 18, 2023
GovernmentBusiness

Retail Sales Up 0.2% in June

NEW YORK — Americans increased their spending in June as inflation eased in many areas, and the job market remained remarkably strong.

July 18, 2023

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