Senators Call for Sanctions on Russian Oil Sales to China
Sen. Marco Rubio (R-Fla.) wants the U.S. to sanction China’s purchases of oil and other energy supplies from Russia in an effort to cut off funding for that country’s war against Ukraine.
July 27, 2022Paccar Reports in Q2 All-Time Quarterly Net Income, Revenue
Paccar Inc. reported record net income and revenue for the second quarter as all segments of its business showed strength.
July 27, 2022Used Class 8 Prices Continue Slide in June, but Remain High
The average retail price of a used Class 8 fell for the third consecutive month in June, ACT Research reported, calling the trend a significant downturn even as the average retail price remained above $90,000.
July 27, 2022FMCSA Accepting Carrier Applications for Apprenticeship Driver Pilot
The Federal Motor Carrier Safety Administration as of July 26 is accepting applications from motor carriers interested in participating in the agency’s Safe Driver Apprenticeship Pilot Program for 18- to 20-year-old truck drivers to operate interstate.
July 26, 2022UPS Beats Q2 Estimates, but Delivery Volume Drops More Than Expected
UPS Inc. posted better-than-expected second-quarter earnings July 26, thanks in part to a big leap in the price of domestic parcel revenues during the three-month period that ended June 30.
July 26, 2022DOE Lends $2.5 Billion to GM Venture for EV Batteries
WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.
July 26, 2022Covenant Logistics Reaches $317M Revenue by Overcoming Q2 Headwinds
Covenant Logistics Group Inc. reported second-quarter revenue and earnings growth July 25, despite market headwinds.
July 26, 2022Senate Sets Up $52 Billion Semiconductor Vote
A $52 billion boost to the U.S. domestic semiconductor industry moved one step closer to reality July 26 when the Senate advanced legislation providing grants, incentives and tax breaks to the sector and set it up for final passage this week.
July 26, 2022Researchers to Study Truck Parking in Iowa, Wisconsin
Researchers from the Texas A&M Transportation Institute (TTI), the University of Wisconsin-Madison and ParkUnload are conducting a truck parking pilot study to better understand how truck drivers use existing parking spaces and to test the benefits of using a mobile parking app.
July 26, 2022Shopify Will Cut 10% of Staff as e-Commerce Activity Retreats
Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce July 26, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly coming out of the COVID-19 pandemic didn’t pay off.
July 26, 2022