DTNA, UAW Ink Tentative Labor Deal for Freightliner Plants
Daimler Truck North America inked a tentative four-year labor agreement with the UAW on April 26, hours before the prior deal at Freightliner manufacturing sites in the U.S. was set to expire.
April 27, 2024Labor Deal Signing Bonuses Dampen Record Allison Sales
Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.
April 26, 2024TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market
Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.
April 26, 2024Universal Logistics Reports 12.5% Revenue Boost for Q1
Universal Logistics Holdings well surpassed expectations with both revenue and earnings increasing year-over-year during the first quarter of 2024, the company reported.
April 26, 2024Commercial Hydrogen Fueling Station to Open in California
OAKLAND, Calif. — FirstElement Fuel will open what it is calling the world’s first heavy-duty high-flow hydrogen fueling facility to the public in May.
April 26, 2024BNSF Signs On to Federal Safety Hotline for Some Workers
OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.
April 26, 2024NHTSA Investigates Whether Tesla Autopilot Recall Did Enough
DETROIT— The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road.
April 26, 2024Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates
Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
April 26, 2024Intermodal Chassis Manufacturers Pull Back on Output
Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.
April 25, 2024Truck, Trailer Reefer Weakness Hurts Carrier Global Profits
Carrier Global profits dropped in the first quarter of 2024, with results hurt by weaker North American truck and trailer refrigeration sales, the company said April 25.
April 25, 2024