15 Feb Wabco Reports Record Annual Revenue Commercial vehicle supplier Wabco Holdings Inc. reported lower net income and revenue for the fourth quarter, while full-year revenue set a record despite a slowdown in certain key markets. Read more...
15 Feb Manufacturing Takes Downward Turn in January U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak start to the year as headwinds including a trade war with China weighed on factories. Read more...
15 Feb TransPower Kenworth Expands in Valdosta, Ga. Georgia truck dealership TransPower Kenworth announced its Valdosta facility relocated to a 20,000-square-foot building on 5 acres, located near Interstate 75. Read more...
15 Feb VW Targets Carbon-Neutral Production for First Electric Car Volkswagen AG plans to save 1 million tons of carbon-dioxide emissions a year by making production of its first electric model carbon neutral, part of an effort to clean up its image in the aftermath of the diesel-cheating scandal. Read more...
15 Feb VW, Ford Discuss Alliance on Self-Driving Cars Ford Motor Co. and Volkswagen AG are progressing toward an agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks. Read more...
15 Feb George Soros Cuts Stake in Agriculture Giant ADM Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war. Read more...
15 Feb Pepsi Soothes Investors With Sales Growth, Plans for Payouts PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year. Read more...
15 Feb Watch TT's Eugene Mulero Talk Infrastructure on C-SPAN Transport Topics reporter Eugene Mulero was a guest on C-SPAN's Washington Journal program Feb. 15, discussing infrastructure funding and taking calls from viewers. Click here for a link to watch a replay of the interview. Read more...
14 Feb XPO Logistics Reports Disappointing Earnings XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com. Read more...
14 Feb Editorial: Good Places to Start In the nine years that the American Transportation Research Institute has been producing a list of the worst bottlenecks in the United States, three spots have had the inauspicious honor of landing at the top of the list. These same three are consistently awful, even if from year to year one is worse than the others. Read more...