USA Truck Reports Revenue, Earnings Growth in Q3
USA Truck’s revenue and earnings improved during the third quarter, the company reported Oct. 28.
October 29, 2021Navistar Agrees to Pay $52 Million Civil Penalty for Sale of Certain 2010 Engines
Navistar Inc. has agreed to a civil settlement with the U.S. Department of Justice under which the manufacturer will pay a $52 million penalty but admit no wrongdoing in connection with the sale of 7,749 heavy-duty diesel engines in 2010 that the government alleged were sold in violation of the Clean Air Act.
October 29, 2021Profitable Exxon, Chevron Emerge as Global Economy Rebounds
ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.
October 29, 2021Wages Jump by the Most on Records Dating Back 20 Years
WASHINGTON — Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.
October 29, 2021Volvo’s IPO Marks One of Europe’s Biggest in 2021
Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company’s successful turnaround and promise of an electric future.
October 29, 2021Congress Extends Highway Funding to Dec. 3
WASHINGTON — Congress approved an extension to Dec. 3 of the Oct. 31 deadline for transportation funds that were at risk of expiring, an action necessary after the House of Representatives failed to vote Oct. 28 on the $1 trillion infrastructure bill already approved by the Senate.
October 28, 2021Allison Rides Demand to Higher Q3 Results
Allison Transmission Holdings Inc. notched higher third-quarter net income and revenue amid demand rising to near pre-pandemic levels.
October 28, 2021Amazon’s Holiday-Quarter Sales Forecast Suggests Pandemic Boom Is Over
Amazon .com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade.
October 28, 2021Traton Group Reports Higher Net Income, Revenue
Traton Group, which now includes U.S.-based truck maker Navistar, reported gains in net income and revenue for its 2021 nine-month period on the strength of truck manufacturing and financial services.
October 28, 2021Biden Port Envoy Vows Alliance Will Help Break California Logjam
President Joe Biden’s point-person for clearing the supply chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State.
October 28, 2021