25 Apr Jaguar CEO Ralf Speth Says Nobody Can Go It Alone in Autonomous Driving Jaguar Land Rover, which is teaming with Waymo to develop autonomous vehicles, is testing the technology predominantly in the United Kingdom and sharpening efforts to make the roads safer with such cars, CEO Ralf Speth said. Read more...
25 Apr China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said. Read more...
25 Apr Heartland Express Posts Mixed Results in 1Q Heartland Express reported first-quarter net income of $13.4 million, or 16 cents earnings per share. In comparison, first-quarter 2017 net income was $14 million, or 17 cents per share. Analysts had predicted earnings per share of 11 cents. Read more...
25 Apr Orders Rise, but Market Share Falls for Mack Trucks in First Quarter Everybody knows about the up-and-down, cyclical nature of the heavy-duty truck market. But as Mack Trucks proved in the first quarter, sometimes you can be up — and down — at the same time. Read more...
25 Apr Bosch Claims Breakthrough That Can Save Diesel Engines Robert Bosch GmbH said its engineers have developed a new diesel-exhaust system that cuts emissions far below legal limits taking effect in 2020 and can help automakers avoid potential driving bans in Europe that threaten to doom the engine technology. Read more...
25 Apr Rhode Island Targets Deficient Bridges This Construction Season The Rhode Island Department of Transportation is aiming to redress its high percentage of structurally deficient bridges during this construction season, according to agency spokesman Charles St. Martin. Read more...
24 Apr Covenant Reports Solid First-Quarter Revenue, Income Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017. Read more...
24 Apr Ryder System Posts Higher Sales, Lower Profits in First Quarter Ryder System generated record revenue and lower net earnings in the first quarter as strong sales for the Miami-based equipment leasing and logistics service provider were offset by a write-down of goodwill for its operations in the United Kingdom and higher expenses associated with the sale of used vehicles. Read more...
24 Apr Consumer Confidence Rebounds as Homebuying Plans Hit Record U.S. consumer confidence unexpectedly rose in April to the second-highest level since 2000 as Americans grew more upbeat about both current conditions and the economic outlook, according to figures April 24 from the New York-based Conference Board. Read more...
24 Apr CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network. Read more...