05 May TA Reports Net Loss, Revenue Dip in Q1 TravelCenters of America reported a net loss and lower revenue in the first quarter as operations were limited by the novel coronavirus pandemic and unseasonably mild weather. Read more...
05 May Allison Sees Q1 Net Income, Revenue Slip Allison Transmission Holdings Inc. reported first-quarter net income and revenue slipped after a 19% decline in its largest market, North American on-highway. Read more...
05 May Pickup Trucks Outsell Sedans in US for First Time In all the years Chevy has sold Silverados and Ford trafficked in F-150s, few in Detroit ever dreamed the day would come that pickups would outsell passenger cars. Read more...
05 May Some Fleets Turn to Cameras to Help Mitigate Rising Insurance Costs Many trucking companies have installed cameras in their vehicles as a way to coach drivers and avoid protracted litigation, but onboard video also can help address rising insurance costs in the transportation industry. Read more...
05 May Detroit Automakers Look to Restart North America Plants May 18 Major U.S. automakers are planning to reopen North American factories within two weeks, potentially putting thousands of workers back on the assembly line as part of a gradual return to normality. Read more...
05 May US Trade Plummeted in March With Record Drop in Exports U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel. Read more...
05 May Tesla Delays First Deliveries of Electric Semi to 2021 Tesla Inc. pushed back first deliveries of its Semi commercial tractor into next year, making the truck two years behind its original schedule. Read more...
05 May XPO Profits, Revenue Fall in Q1 First-quarter profits and revenue at XPO Logistics Inc. declined as the effects of the coronavirus pandemic took a toll on the less-than-truckload carrier and logistics company in March. Read more...
04 May Average Price of Diesel Falls Another 3.8¢ to $2.399 a Gallon The national average price of diesel fuel continued its steady downward slide, falling 3.8 cents to $2.399 a gallon, according to the Energy Information Administration. Read more...
04 May Stocks Gain as Oil Extends Rally for Fourth Day U.S. stocks kicked off the week on a positive note, rallying late in the session to close higher as crude oil gained for a fourth consecutive day. Read more...