30 Oct Oil Poised for Worst Month Since March With Growing Curbs Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery. Read more...
30 Oct New House Bill Promotes Transportation Technologies Legislation that aims to promote the adoption of new technologies throughout the country’s transportation networks was recently introduced in the U.S. House of Representatives. Read more...
30 Oct Daseke Reports Net Income of $15.7M for Q3 Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago. Read more...
30 Oct USA Truck Posts Strong Net Income During Q3 USA Truck Inc. reported that its third-quarter bottom-line result swung to a profit from a loss in the year-ago period. Read more...
30 Oct Waymo Looks to Calm Doubts About Driverless Cars With Data Release The voluntary disclosure comes less than a month after Waymo announced that it would begin offering fully driverless service to customers in Arizona and days before an election that could usher in a much tougher regulatory regime. Read more...
30 Oct New York Officials Break Ground on Staten Island Expressway Project New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway. Read more...
30 Oct Exxon Warns of $30 Billion Shale Writedown Amid Record Loss Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak. Read more...
30 Oct Rhode Island Trucking Company Owner Admits to Falsifying ELD Records The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers. Read more...
30 Oct Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc. Read more...
29 Oct Forward Air Reports Lower Q3 Earnings as Pandemic Pressures Profits Forward Air Corp. saw net income decease year-over-year in the third quarter, a result of effects driven by the pandemic, the carrier reported Oct. 29. Read more...