17 Dec FedEx Reports Record FY Q2 Earnings The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17. Read more...
17 Dec November Trailer Orders Remain Strong U.S. trailer orders in November climbed to 39,500, ACT Research reported, as demand for dry vans powered ahead, along with refrigerated trailers and strengthening flatbed activity. Read more...
17 Dec FDA Advisers Back Authorization of Moderna’s COVID Vaccine Moderna Inc.’s COVID-19 vaccine won backing from a panel of experts who advise U.S. regulators, setting the stage for its shot to be the second vaccine cleared in the U.S. in as many weeks. Read more...
17 Dec CVSA Roadcheck Shows 20.9% Vehicle Out-of-Service Rate The Commercial Vehicle Safety Alliance’s three-day International Roadcheck event resulted in an overall vehicle out-of-service rate of 20.9% in North America. That marks an increase from 17.9% recorded last year. Read more...
17 Dec Navistar Reports Fiscal Q4 Net Loss of $236 Million Navistar International Corp. reported a net loss and lower revenue in its fiscal 2020 fourth quarter, citing tax-related items, the pandemic and charges on pre-existing warranties. Read more...
17 Dec Cybertruck Toy Release Delayed Five Months, but Don’t Blame Tesla Tesla Inc. watchers know all about blown deadlines for product releases by the electric vehicle manufacturer, but even fans of the brand who are too young to drive won’t be getting a promised Cybertruck stocking stuffer this year. Read more...
17 Dec North Carolina Environmental Chief Michael Regan Tapped to Lead EPA President-elect Joe Biden is nominating Michael Regan to lead the EPA, putting a North Carolina environmental regulator in line to chart national policy on combating climate change and pollution, according to people familiar with the matter. Read more...
17 Dec Lordstown Motors, Camping World Team Up on EV Network Lordstown Motors and Camping World will partner on a national electric-vehicle service and collision network for Lordstown Motors vehicles. Read more...
17 Dec FMCSA Final Rule Adds Flexibility to CDL Skills Testing The Federal Motor Carrier Safety Administration has published a final rule to increase flexibility in the commercial driver license skills test process. Read more...
17 Dec EV Startup Canoo Fast-Tracks Launch of Commercial Delivery Van Electric vehicle startup Canoo Holdings Ltd. is talking up the commercial vehicle sales part of a business model that has attracted more attention for its planned consumer-subscription service. Read more...