05 Aug Class 8 Orders Steady in July Class 8 orders poked along in July at about 25,000, ACT Research reported as order boards appear full for the remainder of this year. Read more...
05 Aug ATA Legal Forum Offers Strategies to Counter Lawsuit Abuses From the rise in multimillion dollar “nuclear” jury verdicts against motor carriers to federal and state efforts to redraw the industry’s independent contractor business model, these are pressing times for lawyers that represent trucking companies. Read more...
05 Aug Sen. Young Champions Trucking Workforce Provision in Infrastructure Bill WASHINGTON — The main sponsor of a program to pave the way for commercial driver license holders under 21 to operate commercial motor vehicles in interstate commerce expressed optimism about his proposal’s chances of passing in the U.S. Senate. Read more...
05 Aug Qualcomm Offers $4.6 Billion for Veoneer, Topping Magna Bid Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month. Read more...
05 Aug Uber’s Do-It-All Approach Stalls Pursuit of Profit Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year. Read more...
05 Aug Yellow Narrows Year-Over-Year Loss to $9.4 Million in Q2 Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter. Read more...
05 Aug Inspectors Remove 6,710 CMVs, 2,080 Drivers During Roadcheck Inspectors removed 6,710 commercial motor vehicles and 2,080 drivers from roadways — a 16.5% vehicle and 5.3% driver out-of-service rate — over the May 4-6 International Roadcheck, the Commercial Vehicle Safety Alliance announced. Read more...
05 Aug CVG Reaches Record Quarterly Revenue in Q2 Commercial vehicle supplier CVG reported higher second-quarter net income and record quarterly revenue as it continued to diversify its customer base and emphasize secular growth. Read more...
05 Aug Continental Sees Chips, Inflation Dragging on Auto Industry Continental AG, Europe’s second-biggest supplier of car parts, warned the global bottleneck in chip supply and raw material cost inflation will drag on the auto industry through the rest of the year. Read more...
05 Aug Trade Deficit Hits Record $75.7 Billion in June WASHINGTON — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging. Read more...