29 Oct CEOs of Dana, Wabash Say Their Role Is to Embrace Innovation ATLANTA — Broad, innovative change is at hand for the commercial vehicle industry, and this moment has executives’ full attention, a pair of CEOs of large suppliers said. Read more...
29 Oct Convoy Tries to Navigate Some Uber-Scale Problems Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit. Read more...
29 Oct Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018. Read more...
29 Oct Report: Saudi Aramco Shares to Start Trading in December RIYADH, Saudi Arabia — The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Oct. 29 as the kingdom’s marquee investment forum got underway. Read more...
29 Oct Waymo CEO Sees Driverless Trucking Catching on Faster Than Taxis True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off commercially. Read more...
29 Oct GM Profit Falls 7% in Q3 as Strike Cuts Production GM reported Oct. 29 that its third-quarter net profit fell 7% as a strike by the United Auto Workers union brought its U.S. factories to a standstill. Read more...
29 Oct Automakers Side With Trump in Legal Fight With California WASHINGTON — General Motors, Fiat Chrysler, Toyota and many others in the auto industry are siding with the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel-economy standards. Read more...
29 Oct Navistar Creates Electrification Business Unit, Unveils Battery-Electric Prototype ATLANTA — Navistar announced it is forming a new business unit to support commercial vehicle electrification, and underscored that announcement by unveiling a battery-electric prototype truck Oct. 28 at the 2019 North American Commercial Vehicle Show. Read more...
28 Oct XPO Logistics Cuts Sales Outlook as US Factory Slump Drags Down Freight XPO Logistics Inc. cut its 2019 sales forecast as an “industrial recession” crimped demand for U.S. freight transportation. Revenue this year will fall as much as 4%, down from the previous prediction that the decline would be no more than 1%, XPO said in a statement Oct. 28. Read more...
28 Oct Diesel Prices Creep Up, but Gasoline Falls The U.S. average retail price of diesel rose 1.4 cents to $3.064 a gallon, the Department of Energy reported Oct. 28. Read more...