25 Apr Infrastructure, Funding, Nominations on Congress’ Agenda When lawmakers return to Capitol Hill on April 29, they will look on as the leadership from the House Democrats and President Donald Trump engage in a discussion about the country’s roads and bridges, and ways to pay for improvements. Speaker Nancy Pelosi (D-Calif.) and Trump have expressed an interest in considering long-term infrastructure legislation this year. Read more...
25 Apr Tesla Loses Another Bull as Analyst Dubs Period ‘Top Debacle’ Tesla Inc.’s latest first quarter was “one of top debacles” ever seen in 20 years of covering tech stocks on the Street, Wedbush analyst Daniel Ives said April 25. Read more...
25 Apr Two Trucking Associations Challenging ‘ABC’ Contractor Test in Federal Court An association of small to medium-sized motor carriers has asked the 9th U.S. Circuit Court of Appeals to reject a decision last month by a federal district judge in California to dismiss a challenge to the so-called “ABC test,” which is used to decide if a contractor should be classified as an employee in California. Read more...
25 Apr Carlos Ghosn Freed on Bail Again After Being Jailed on New Charges Carlos Ghosn walked out of a Tokyo detention center April 25 after winning release on bail for the second time, giving the deposed auto titan a chance to prepare his defense against charges of funneling millions of dollars from Nissan Motor Co. through an intermediary for his own purposes. Read more...
25 Apr Rush’s Aftermarket Gains Lift 1Q Results Truck dealership Rush Enterprises Inc. saw revenue and net income climb in the first quarter amid strong gains in aftermarket products and services. Read more...
25 Apr Infrastructure Bill Possible With Trump, Congressional Leadership, Chamber Says WASHINGTON — With the next round of infrastructure talks between President Donald Trump and House Speaker Nancy Pelosi expected later this month, an influential group in Washington will keep working the sidelines to get a long-term bill across the finish line. Read more...
25 Apr End of Diesel Engines Is In Sight, Daimler’s Roger Nielsen Says LONG BEACH, Calif. — The beginning of the end is here for the internal-combustion truck engine, said Roger Nielsen, CEO of Daimler Trucks North America, the largest truck manufacturer on the continent. Read more...
24 Apr Landstar System Reports Record Per-Share Result in First Quarter Landstar System on April 24 reported a record first-quarter earnings per share price of $1.58 on net income of $63.3 million, which compares with $1.37 per share on income of $57.5 million during the same period a year ago — beating Wall Street expectations. Read more...
24 Apr Volvo Rides Higher Truck Revenue to First-Quarter Gains AB Volvo reported first-quarter net income and revenue rose as it brought in more money from truck sales in all markets. Read more...
24 Apr Kenworth Chillicothe Plant Initiates $140 Million Expansion CHILLICOTHE, Ohio — Kenworth Truck Co. on April 24 broke ground to officially start construction on a $140 million, 120,000-square-foot paint facility addition to its Class 8 truck assembly plant. Read more...