29 Jul TuSimple, Ryder Partner on Terminals for Autonomous Trucks Self-driving truck developer TuSimple and Ryder System Inc. announced a partnership intended to leverage select Ryder fleet maintenance facilities to serve as terminals on TuSimple’s Autonomous Freight Network. Read more...
29 Jul Old Dominion Freight Line Reports Record Revenue for Q2 Old Dominion Freight Line saw net income increase year-over-year by 82.4% during the second quarter of 2021, the company reported July 28. Read more...
29 Jul Wabash Reports Higher Q2 Results Wabash National Corp. announced plans to dedicate more space to building dry van trailers as it reported gains in second-quarter income and revenue as trailer shipments rose to meet strong customer demand. Read more...
29 Jul XPO Posts Q2 Profit on Record Revenue Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period. Read more...
29 Jul Ford Posts Surprise Profit on Surging Prices of Scarce Cars Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots. Read more...
29 Jul Werner Gets ‘En Banc’ Review of $89.7 Million Verdict After a nearly three-year delay, a Texas appellate court has voted for all of its nine justices to take over an appeal of an $89.7 million lower court jury verdict against Werner Enterprises in a 2014 fatal accident that the motor carrier has steadfastly maintained was not its driver’s fault. Read more...
29 Jul Toyota Defies Chip Shortage to Post Record Output, Sales Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors. Read more...
29 Jul Nikola Founder Trevor Milton Charged With Misleading Investors NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic. Read more...
29 Jul After Infrastructure Deal, Senate Votes to Take Up Bill WASHINGTON — The Senate voted the night of July 28 to begin work on a nearly $1 trillion national infrastructure plan, acting with sudden speed after weeks of fits and starts once the White House and a bipartisan group of senators agreed on major provisions of the package that’s key to President Joe Biden’s agenda. Read more...
28 Jul Echo Global Logistics Posts Q2 Gains Echo Global Logistics reported large gains in both income and profit for the second quarter as it experienced record performance in both its managed transportation and brokerage businesses. Read more...