Russia’s Yandex Joins the Self-Driving Car Million-Mile Club
Yandex NV, Russia’s largest internet firm, said its self-driving cars have passed 1 million miles in fully autonomous driving since it started testing the technology in December 2017, joining an elite group in the emerging robotaxi industry.
October 18, 2019Volvo Braces for 2020 Slump as Truck Orders Hit the Brakes
Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand.
October 18, 2019GM Workers Stay on Strike as Members Vote on New Contract
The United Auto Workers will continue striking against General Motors Co. until a tentative deal is ratified by members, extending its walkout for at least another week.
October 18, 2019Former GE Executive Aris Kekedjian Appointed to XPO Logistics Board
Transportation and logistics giant XPO Logistics has announced the appointment of Aris Kekedjian, a longtime GE executive, to its board of directors.
October 18, 2019Marten Transport’s Net Income up 8.7% as Revenue Hits High
Marten Transport saw record revenues lead to an 8.7% increase in net income, up to $16.6 million, from $15.3 million in the third quarter of 2018, according to an earnings report released Oct. 17.
October 17, 2019West Coast Ports Show Early Signs of Slowdown Due to Tariffs
While the holiday shipping season is keeping import volume steady for some of the nation’s busiest ports, executives are raising concerns about the long-term effects an extended trade battle with China could have on exports, and business overall.
October 17, 2019Freightliner Catapults September Class 8 Sales to Record High
U.S. Class 8 retail sales punched through to an all-time record high of nearly 29,000 in September, WardsAuto.com reported, but analysts cautioned against reading it as a turnaround.
October 17, 2019Mack Strike to Idle Production at Volvo’s Virginia Plant
The ongoing Mack Trucks strike will temporarily idle the largest Volvo truck manufacturing facility in the world.
October 17, 2019CSX Sets Operating Ratio Record in Q3 Results
CSX Corp. on Oct. 17 announced third-quarter profit of $856 million compared with $894 million in the same quarter of 2018, but beat Wall Street expectations and in the process set a record for operating ratio for a U.S. railroad.
October 17, 2019New Congressional Infrastructure Caucus Promotes Access, Resilience
WASHINGTON — Congestion relief, climate resilience and transit accessibility are among the policies a small group of U.S. House lawmakers are promoting as Congress readies a comprehensive highway bill.
October 17, 2019