Business

Tesla Inc. demonstrated a beta version of its driver-assistance system for California transportation officials, including outside consultants the automaker previously sought to bar from the event.

Diversified supplier Eaton Corp. reported lower net income and higher revenue in the third quarter as it notched record quarterly segment margins of 21.2% — above the high end of guidance and 1.3% above the same quarter in 2021.

Additional funding for the country’s ports was recently announced as part of the Biden administration’s efforts to facilitate the movement of freight along key supply chains.

Embark Trucks Inc. announced the launch of the nine-site, coast-to-coast backbone of the Embark coverage map, preparing key Sun Belt markets to be served by fleet partners.

Derek Leathers, CEO, president and chairman of Werner Enterprises, is the new chairman of the American Transportation Research Institute, it was announced Nov. 1.

As electric vehicles appear more and more to be the future of transportation in America, the decades-old method of funding the nation’s roads and bridges with gasoline taxes will soon be a relic of its past.

Forward Air Corp. reported record third-quarter net income, earnings per share and revenue from selecting, handling and pricing higher quality freight.

XPO Logistics Inc. turned its tech-enabled brokered transportation platform, RXO, into an independent, publicly traded company Nov. 1.

Self-driving truck technology developer TuSimple announced it terminated Xiaodi Hou, the company’s CEO, president and chief technology officer, and removed Hou from his position as chairman, effective Oct. 30.

Mediterranean Shipping Co. filed a motion in late October with the National Labor Relations Board urging SSA Marine Inc. to assign tasks at the Port of Seattle’s Terminal 5 to the International Longshore and Warehouse Union.