Norfolk Southern Posts Record Q2 Results
Norfolk Southern Corp. on July 27 posted record second-quarter financial results that beat the expectations of Wall Street analysts.
July 28, 2022The Glider Truck Is Gone, but Not Forgotten
In its heyday, Fitzgerald Glider Kits was the nation’s top glider truck manufacturer, building and selling thousands of the new truck cab bodies powered by older rebuilt engines.
July 28, 2022Senate Deal Includes EV Tax Credits Sought by Tesla, Toyota
A breakthrough deal between Sens. Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles, a big win for EV makers such as General Motors Co., Tesla Inc. and Toyota Motor Co.
July 28, 2022Ford Wants Cops to Go Electric by Buying Its New F-150 Pickup Truck
Ford Motor Co. is unveiling its first version of an all-electric pickup truck police cruiser.
July 28, 2022US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop
WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
July 28, 2022Rivian to Cut 6% of Its Workforce
Rivian Automotive Inc. is cutting about 6% of its workforce and simplifying product plans, saying the economy has made it harder for the electric vehicle maker to raise money to build up production.
July 27, 2022ODFL Reports Profit, Revenue Records for Second Quarter
Old Dominion Freight Line set records for revenue and profitability during the second quarter of 2022, the company reported July 27.
July 27, 2022Ford Q2 Profit Up 19% on Strong Prices, Sales Increase
DETROIT — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales.
July 27, 2022Apple Nabs Key Lamborghini Executive to Work on Its Electric Car
Apple Inc. has enlisted one of Lamborghini’s top car-development managers in a sign that it’s stepping up work on a self-driving electric vehicle, according to people with knowledge of the situation.
July 27, 2022Union Pacific to Spend $1 Billion to Modernize 600 Trains
Union Pacific, the second-largest U.S. railroad, is spending $1 billion to modernize 600 trains.
July 27, 2022