Cargo Airline Western Global Goes Bankrupt
Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
August 7, 2023Nikola Q2 Loss Widens on Romeo, European Exits
Losses at Nikola Motor widened year-over-year in the second quarter of 2023 after the truck maker took a $77.8 million hit to its balance sheet.
August 7, 2023Tyson Foods to Close Four Chicken Processing Plants
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.
August 7, 2023Class 8 Truck Orders Jump 45% in July
North American Class 8 truck orders rose year-over-year for a third month in a row in July, according to ACT Research.
August 7, 2023EPA’s Emissions Plan Runs Into Skepticism
DETROIT — The U.S. government’s most ambitious plan ever to slash planet-warming greenhouse gas emissions from passenger vehicles faces skepticism.
August 7, 2023Daimler Truck CFO Jochen Goetz Dies at 52
Jochen Goetz, the chief financial officer of Daimler Truck who is credited with its successful spinoff from the automotive giant that makes the Mercedes-Benz, died Aug. 5 at the age of 52.
August 7, 2023Yellow Files for Chapter 11 Bankruptcy
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
August 7, 2023XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023One in Four New Cars Sold in California in Q2 Were EVs
For the first time in California, one out of every four new cars sold in the last quarter were zero-emission vehicles, Gov. Gavin Newsom announced this week.
August 4, 2023Canada’s Titanium Transportation Buys Georgia’s Crane
Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.
August 4, 2023