Business

HOUSTON — An FBI cyberintelligence specialist stressed the importance of trucking cybersecurity to the health of the economy during an Oct. 23 presentation. 

OMAHA, Neb. — The costs related to the East Palestine derailment grew to $966 million for Norfolk Southern. The railroad said Q3 profit of $478 million was half of last year’s $958 million.

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consumer goods.

TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.

Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.

General Motors Co.’s Cruise unit is being suspended by the California Department of Motor Vehicles from operating driverless vehicles in the state, effective immediately.

HOUSTON — Trucking  is seeing an increase in cyberthreats, a panel of experts said Oct. 23 during the National Motor Freight Traffic Association's Digital Solutions Conference.

A leading proponent of repealing a tax on the purchase of new trucks called on colleagues to endorse his effort.