United Rentals Q4 Profit Rises 6.3% on Broad Demand Strength
United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.
January 26, 2024Biden Freezes Approvals of New Licenses for LNG Exporters
The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.
January 26, 2024Justice Department Inquiring Into Cruise Collision Fiasco
SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.
January 26, 2024Maersk Unveils World’s Biggest Methanol-Powered Containership
A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.
January 26, 2024Volvo Shares Fall After Outlining Truck Production Cuts
Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.
January 26, 2024Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea
Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.
January 25, 2024Xos Class 8 Tractor Start of Production Remains on Schedule
Xos’ plans for manufacturing a Class 8 tractor remain on schedule even as the electric truck maker sought to bolster its finances earlier in January, CEO Dakota Semler told Transport Topics.
January 25, 2024Maintenance Costs Rise in Q3, Report Finds
Parts and labor costs in the trucking industry rose 1.9% in the third quarter of 2023 according to a report by American Trucking Associations’ Technology & Maintenance Council and Decisiv.
January 25, 2024Kodiak Opens Truck Port at Ryder Facility in Houston
Kodiak Robotics opened a second truck port for its autonomous semis at a Ryder System Inc. fleet maintenance facility in Houston, the companies said Jan. 23.
January 25, 2024CSX Reports Slight Revenue Knock for Q4
CSX Corp. experienced a slight decrease in year-over-year revenue during the fourth quarter of 2023, the company reported Jan. 24.
January 25, 2024