16 Oct Marten Reports 8.8% Climb in Earnings; Revenue Ticks Up Marten Transport saw net income increase 8.8% during the third quarter of 2020, the carrier reported Oct. 15. Read more...
16 Oct Traton, Navistar Reach Agreement on $3.7 Billion Buyout Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker. Read more...
16 Oct Industrial Production Fell a Sharp 0.6% in September WASHINGTON — U.S. industrial production fell 0.6% in September, the weakest showing since industrial output tumbled in the spring when the economy was slowed by widespread lockdowns resulting from the coronavirus. Read more...
16 Oct Retail Sales Rose 1.9% in September, the Fifth Consecutive Month of Growth NEW YORK — Retail sales in the U.S. rose 1.9% in September, the 5th consecutive month of growth. Read more...
16 Oct Nikola Shares Plunge After CEO Says Startup Can Go It Alone Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership. Read more...
15 Oct GM’s Cruise Unit OK’d for Robotaxi Tests in San Francisco General Motors Co.’s Cruise unit will be allowed to test autonomous vehicles on public roads in San Francisco without a safety driver, joining Amazon .com Inc.-backed Zoox Inc. and a handful of other self-driving startups. Read more...
15 Oct September Trailer Orders Surge Past 50,000 U.S. trailer orders in September went through the roof — preliminarily clearing 50,000 — to reach the third-highest monthly total ever, analysts said. Read more...
15 Oct Bollinger Motors to Build Battery Packs for Its Electric Trucks Oak Park, Mich.-based electric-vehicle startup Bollinger Motors on Oct. 15 said it will produce its own battery packs for its vehicles according to a new design it developed and for which it has submitted a patent. Read more...
15 Oct COVID-19 Relief Bill on Senate Floor Week of Oct.19, McConnell Says An emergency funding measure aimed at small businesses and sectors affected by the pandemic is expected to reach the floor of the U.S. Senate the week of Oct. 19, the chamber’s leader recently indicated. Read more...
15 Oct Appellate Court Overturns Convictions of Former Pilot President, Two Executives A federal appellate court has overturned the fraud convictions of former Pilot Flying J President Mark Hazelwood and two ex-Pilot sales executives on the grounds that a lower federal court permitted use of evidence that should not have been admitted. Read more...