Caterpillar Falls as Shrinking Backlog Raises Demand Worry
Caterpillar Inc. shares tumbled in premarket trading after the company said its order backlog shrank in the third quarter, in a sign of slowing demand for its iconic yellow machinery.
October 31, 2023Stellantis Expects Strike to Cost It 750 Million Euros
MILAN — Stellantis said Oct. 31 that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its competitors.
October 31, 2023Indiana Adds 225 Truck Parking Spots at I-65 Rest Areas
Truckers traveling in Indiana on Interstate 65 now have more than 200 new parking spaces available to them after state officials on Oct. 24 opened a revamped Kankakee Welcome Center.
October 30, 2023Court Approves Yellow Administrators’ Auction Plans
A court on Oct. 27 approved plans by the administrators of Yellow to use auctioneers to sell the company’s rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.
October 30, 2023XPO Reports Revenue Increase Despite Tough Conditions
XPO posted an increase in revenue but a dip in profit during the third quarter amid a challenging freight environment, the company said Oct 30.
October 30, 2023ADM Strikes Supply Deal for US Plant-Based Chemical Factory
Archer Daniels Midland Co. has agreed to supply biochemical maker Solugen Inc. with raw materials needed to make plant-based acids at a plant to be built in southwest Minnesota.
October 30, 2023Mack, UAW End Latest Labor Talks With No Deal
Negotiations between Mack Trucks and the United Auto Workers union over a labor agreement ended Oct. 26 with no new master contract in place, the Volvo Group subsidiary said.
October 30, 2023‘Autonomy Is the Future,’ Says California Gov. Newsom
In 30 years, California Gov. Gavin Newsom thinks we’ll wonder why we ever let human drivers on the road, he told reporters Oct. 29 after touring a Tesla car factory in Shanghai.
October 30, 2023GM Reaches Tentative Deal With UAW to End Strike
General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.
October 30, 2023St. Lawrence Seaway Reaches Deal to End Shipping Strike
A deal was reached Oct. 29 to end a weeklong strike that had shut down a major shipping artery in the Great Lakes, halting the flow of grain and other goods from the U.S. and Canada.
October 30, 2023