06 Aug Scout, Amazon’s Self-Driving Delivery Robot, Heads to California Amazon said Aug. 6 that its six-wheeled self-driving robots, about the size of a smaller cooler, will begin delivering packages to customers in Irvine, Calif., after testing them in a suburb of Seattle earlier this year. Read more...
06 Aug TravelCenters of America Reports Higher Net Income, Revenue as Fuel Sales Jump TravelCenters of America Inc. reported net income of $1.21 million, or 15 cents per share, in the quarter ended June 30. Read more...
06 Aug Daseke Posts Net Loss but Revenue Jumps 20% in 2Q Daseke Inc. reported a net loss of $6.4 million, or 10 cents per share, in the quarter ended June 30, compared with net income of $13.5 million, or 22 cents per share, in the year-ago quarter. Read more...
06 Aug Swift to Pay CRST $15 Million in Damages Over Driver Recruiting A lawsuit CRST Expedited Inc. filed against Swift Transportation Co. that alleged Swift “poached” drivers was one of three such challenges CRST has lodged against competitors, but is so far the only one that has resulted in a financial penalty. Read more...
06 Aug Missouri DOT Names Jerica Holtsclaw Motor Carrier Services Director Missouri Department of Transportation official Jerica Holtsclaw has been named director of the agency’s Motor Carrier Services division. Read more...
06 Aug Expeditors Reports Higher Net Income, Revenue in 2Q Expeditors International of Washington Inc. on Aug. 6 reported net income rose to $153 million, or 88 cents per share. That’s up 9% from $140.6 million, or 79 cents a share, in the same quarter a year ago. Read more...
06 Aug Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble Now more than ever, Workhorse looks more like Lordstown’s lottery ticket than a savior to be taken seriously. While it’s hard to imagine at this juncture the company having the capital needed to get GM’s factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service. Read more...
06 Aug FMCSA Renews Vision Waivers for Commercial Drivers The Federal Motor Carrier Safety Administration agreed to allow 126 drivers to operate trucks along interstates after it provisionally renewed their exemptions from a vision requirement. Read more...
06 Aug Consumers Gauge Inflation Better Than Economists, CBO Finds A new Congressional Budget Office research paper showing consumer price expectations better gauged the future direction of inflation than economists’ forecasts over two decades through 2018. Read more...
06 Aug Occidental Begins Bond Sale to Fund Anadarko Deal Occidental Petroleum Corp. is selling bonds to help finance its $38 billion acquisition of Anadarko Petroleum Corp., as debt issuers show faith in the market rebound. Read more...