30 Jan Trucking Sees Rise in Acquisitions The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping. Read more...
30 Jan Meritor Reports Lower Net Income, Revenue for Fiscal First Quarter Commercial vehicle supplier Meritor Inc. reported lower net income and revenue for its fiscal-year first quarter, citing rapid declines in global end markets and restructuring costs, among other factors — at the same time highlighting its growing business opportunities with electric vehicles. Read more...
30 Jan Mack Unveils Medium-Duty Truck Plant in Southwest Virginia SALEM, Va. — Mack Trucks opened a facility to produce a new series of medium-duty trucks in southwest Virginia. Read more...
30 Jan Tesla Exceeds Expectations in Blowout Quarter Tesla Inc. delivered a second straight quarter of blowout earnings and speedy execution, extending an unprecedented surge for its heavily shorted stock. Read more...
30 Jan UPS Orders 10,000 Electric Delivery Vehicles UPS has ordered 10,000 electric delivery vehicles from electric vehicle maker Arrival, in what it calls a move to accelerate fleet electrification. Read more...
29 Jan Grounded Jet Sends Boeing to First Annual Loss in Two Decades Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion. Read more...
29 Jan UPS to Expand Service, Capacity, Add Operation Hours UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations. Read more...
29 Jan Trucking Watches China Trade Deal Progress The U.S.-China trade war has put a lot of stress on trucking, but the signing Jan. 15 of the first phase of a more comprehensive agreement between the two countries has spurred cautious optimism for the industry. Read more...
29 Jan House Democrats Outline Five-Year, $760 Billion Infrastructure Proposal WASHINGTON — House Democrats’ attempt at transforming the country’s Eisenhower-era transportation system came in the form of a five-year, $760 billion proposal that would necessitate input from the president to ultimately fund major programs. Read more...
29 Jan Schneider Q4 Earnings Miss Wall Street Expectations Schneider National Inc. reported Jan. 29 that fourth-quarter 2019 and yearly financial numbers declined when compared with 2018’s record year. Read more...