CEO Dieter Zetsche Warns of Deep Cost Costs as He Departs Daimler
Bidding farewell to the company he led for more than a decade, Daimler AG’s CEO urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval.
May 22, 2019Perspective: The Time to Act on Infrastructure Is Now
It is one of the greatest networks built in the history of mankind. From the Evergreen State of Washington to the Sunshine State of Florida and from the Golden State of California to the Pine Tree State of Maine — more than 45,000 miles of interstate highways connect us from coast to coast. Whether carrying food from the farm to the table, or goods from the factory floor to store shelves, interstate highways are the lifeblood of our nation’s commerce.
May 22, 2019Biodiesel, Mudflaps Help Improve Emissions
Although large gains have been made in cleaning up new diesel engines, nearly two-thirds of all commercial trucks don’t meet the latest emissions standards. As of 2017, some 36% of all commercial trucks (Classes 3-8) in the United States rely on the newest generation of diesel engines — a 6% increase over 2016, according to the Diesel Technology Forum, which cited the latest data.
May 22, 2019$2 Billion Invested in Trucking Tech Firms So Far in 2019
Trucking technology firms are raking in cash as investors look to get in on a hot industry and capitalize on a U.S. economy that remains strong.
May 21, 2019XPO Shareholders Vote Down Teamster Plan to Split CEO, Chairman Roles
A union proposal to separate the CEO and chairman positions at XPO Logistics Inc. was defeated in a May 15 vote by the company’s shareholders, who instead extended the chairmanship of XPO’s current leader.
May 21, 2019XPO Logistics’ Joseph Hicks Returns to Defend Crown at Rhode Island Truck Driving Championships
Rhode Island may be the smallest state, but that doesn’t mean it lacks talented truck drivers.
May 21, 2019Three-peat Would Be Sweet Feat for FedEx Freight’s Gragg Wilson
Different class, same goal in the Nevada Truck Driving Championships. FedEx Freight driver Gragg Wilson is setting his sights on capturing a third consecutive Nevada Grand Champion crown, this time by besting the field in the Straight Truck class on June 1. Last year, he prevailed in the Sleeper Berth division en route to claiming the overall title.
May 21, 2019Ford Truck Profits Hide Need for More Cuts, Morgan Stanley Says
Ford Motor Co. may need to cut more than the recently announced 7,000 salaried workers to compensate for slowing auto sales, a situation that’s not readily apparent because its F-Series pickup helped “cover industry blemishes” with $10 billion in pretax earnings last year, Morgan Stanley said.
May 21, 2019Home Depot Results Mixed as Wet Weather, Calendar Shift Weigh on Shares
The Home Depot Inc. failed to fully rebound from a lackluster end to last year, with the company saying a calendar adjustment added to the drag from wet weather. Tariffs also weighed on the stock, with the company saying that a recent increase in duties isn’t included in its guidance.
May 21, 2019Approval of Amazon Air Cargo Complex in Lakeland, Fla., Gets Mixed Reception
City commissioners are excited to sign a deal with Amazon to build an air cargo facility at Lakeland’s airport. Residents were less enthusiastic.
May 21, 2019