21 May Three-peat Would Be Sweet Feat for FedEx Freight’s Gragg Wilson Different class, same goal in the Nevada Truck Driving Championships. FedEx Freight driver Gragg Wilson is setting his sights on capturing a third consecutive Nevada Grand Champion crown, this time by besting the field in the Straight Truck class on June 1. Last year, he prevailed in the Sleeper Berth division en route to claiming the overall title. Read more...
21 May Ford Truck Profits Hide Need for More Cuts, Morgan Stanley Says Ford Motor Co. may need to cut more than the recently announced 7,000 salaried workers to compensate for slowing auto sales, a situation that’s not readily apparent because its F-Series pickup helped “cover industry blemishes” with $10 billion in pretax earnings last year, Morgan Stanley said. Read more...
21 May Home Depot Results Mixed as Wet Weather, Calendar Shift Weigh on Shares The Home Depot Inc. failed to fully rebound from a lackluster end to last year, with the company saying a calendar adjustment added to the drag from wet weather. Tariffs also weighed on the stock, with the company saying that a recent increase in duties isn’t included in its guidance. Read more...
21 May Approval of Amazon Air Cargo Complex in Lakeland, Fla., Gets Mixed Reception City commissioners are excited to sign a deal with Amazon to build an air cargo facility at Lakeland’s airport. Residents were less enthusiastic. Read more...
21 May Mark Knight Looks to Double Down on Alabama State Titles Will big wheels keep on turning for Alabama’s defending Grand Champion? That is what an estimated field of 120 competitors will find out when the Alabama Truck Driving Championships are held May 31 in Pelham. Read more...
21 May Oil Giant Chevron Offering Electric Car Charging at Stations Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement May 20. Read more...
21 May Oregon’s Infrastructure Earns a C- on ASCE Report Card Oregon’s infrastructure received a C- on its report card from the American Society of Civil Engineers. Read more...
21 May TuSimple Self-Driving Trucks to Haul Mail for Postal Service in Two-Week Pilot Self-driving trucks operated by startup TuSimple will haul mail and packages across the Southwest in a two-week pilot program with the United States Postal Service. Read more...
20 May Diesel Inches Higher to $3.163 a Gallon The U.S. average retail price of diesel rose 0.3 cent to $3.163 a gallon, the Department of Energy reported, while crude climbed to $63.14, the highest level in almost three weeks amid opposing supply-and-demand signals. Read more...
20 May Ford Slashing 7,000 Jobs as Disruption Sweeps Auto Industry Ford Motor Co. plans to eliminate about 7,000 salaried jobs — about 10% of its global white-collar workforce — as pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked. Read more...