24 Apr Amazon Starts Delivering Goods to Trunks of GMs, Volvos Amazon.com has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 U.S. cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes. Read more...
24 Apr Volvo Reports Higher Quarterly Net Income, Revenue as North American Orders Soar AB Volvo reported first-quarter net income and revenue increased despite supply chain constraints in North America’s surging truck market. Read more...
24 Apr Electric Buses Starting to Dampen Demand for Diesel Electric buses were seen as a joke at an industry conference in Belgium seven years ago when Chinese manufacturer BYD Co. showed an early model. Read more...
23 Apr AirFlow Truck Co., Toyota Highlight Class 8 Technology at Shell’s ‘Make the Future’ Event SONOMA, Calif. — Equipment manufacturers showcased new fuel-efficient Class 8 tractor technology here during Shell’s “Make the Future” event at the Sonoma Raceway on April 20. Read more...
23 Apr Profits, Revenues Fall at Canadian National Canadian National Railway reported April 23 first-quarter net income of C$741 million, or $1 a share, on revenues of $3.2 billion, a decline of $12 million. Read more...
23 Apr Rush Reports Net Income, Revenue Surge Powered by Aftermarket, New Truck Sales National truck dealership Rush Enterprises Inc. reported strong gains in net income and record-setting first-quarter revenue amid a strong economy and ongoing strategic initiatives. Read more...
23 Apr Diesel Climbs 2.9¢ to $3.133 in Fifth Straight Increase The U.S. average retail price of diesel fuel rose 2.9 cents to $3.133 a gallon as the benchmark West Texas Intermediate crude oil price closed at $68.93 a barrel April 23, a jump of $5.92. Read more...
23 Apr TravelCenters Receives $10.7 Million From Comdata in Lawsuit TravelCenters of America reported that Delaware’s Chancery Court awarded attorney’s fees and costs that the company incurred in its litigation with Comdata Inc., the Brentwood, Tenn.-based payments firm and division of Fleetcor. TravelCenters reported that Comdata on April 13 reimbursed about $10.7 million in costs and interest. Read more...
23 Apr GE Is in Talks to Unload Rail Business in Deal With Wabtec General Electric Co., the beleaguered manufacturer undergoing a strategic review, is in talks to sell its century-old locomotive business to rail-equipment maker Wabtec Corp., according to people familiar with the matter Read more...
23 Apr US Hints at China Truce as World Warns of Trade-War Threat U.S. Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Read more...