14 Feb Rush Earnings Mixed, but Beats Forecasts With Record New Truck Sales Rush Enterprises reported lower fourth-quarter and full-year net income and higher revenue, but in the latest quarter beat analysts’ expectations as it sold a record number of new trucks. Read more...
14 Feb Coke Shares Drop Most Since 2008 Coca-Cola Co. plunged the most intraday in more than 10 years on Feb. 14 after the company released a lackluster forecast for 2019 and highlighted upcoming obstacles such as currency pressures, geopolitical tensions and weakening consumer sentiment. Read more...
14 Feb Los Angeles Nixes Plan to Upgrade Three Natural Gas Generators Los Angeles will ditch a plan to spend billions rebuilding three natural gas-fired power plants as the city moves toward getting all of its electricity from renewable energy. Read more...
14 Feb GM Cruise Falls Short of Self-Driving Test Miles Projection In late 2017, the co-founder of General Motors Co.’s self-driving unit told investors the company was on the verge of putting 1 million miles a month on its autonomous test cars. That projection proved to be quite a stretch. Read more...
14 Feb Tech Company Worklete Uses Software to Build Good Trucker Habits A San Francisco technology company is using software that offers a service to prevent trucking-related workplace injuries, by building habits for truckers and others in the freight industry. Read more...
13 Feb Ohio DOT Chief Paints Dire Picture of State’s Infrastructure Funding The state transportation director gave Ohio lawmakers a blunt assessment of Ohio’s road construction money situation Feb. 13, and it wasn’t pretty. Read more...
13 Feb FedEx Logistics Announces Headquarters Move FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release. Read more...
13 Feb ATA President Chris Spear Urges Senate Panel to Fund Infrastructure Projects Long Term WASHINGTON — Sustainable funding for construction and maintenance of large-scale infrastructure projects nationwide is needed to address wasted economic productivity from traffic congestion and the potential harm older structures pose to drivers, the top executive of American Trucking Associations told a Senate committee Feb. 13. Read more...
13 Feb Medium-Duty Sales Strong in January Sales of medium-duty trucks had a strong start in 2019, climbing above 18,000 units in January, WardsAuto.com reported. Read more...
13 Feb Texas Shale Forces Big Oil Cost Revolution, Chevron CEO Says The low break-even costs to pump in the Permian are forcing Chevron to be more efficient everywhere, Wirth said, from the deepwater platforms in the Gulf of Mexico to its liquefied natural gas plants. Read more...