Business

Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.

In a market growing even hotter in September, the average price for a used Class 8 and for a 3-year-old Class 8 set records, blowing past those set a month earlier. The average price for an 8-year-old heavy-duty used truck even took an unexpected and dramatic leap higher, ACT Research reported.

Echo Global Logistics reported gains in both income and profit for the third quarter as it took advantage of strong freight demand and tight supply.

Vehicle leasing and rental company Ryder System Inc. reported strong third-quarter earnings on Oct. 27, exceeding Wall Street analysts’ expectations.

Old Dominion Freight Line posted large third-quarter increases in profits and revenue as it took advantage of tight freight capacity and focused on transitioning to more profitable accounts.

C.H. Robinson Worldwide posted third-quarter gains in profit and revenue as it benefited from tight freight capacity.

American Trucking Associations’ Technology & Maintenance Council announced the start of a study with eSMARTT on the use and adoption of intelligence products and services in the refrigerated transportation sector.

Daimler AG’s truck unit plans to ring in life as an independent company by delivering on savings targets and disclosing regional earnings in a bid to put to bed criticism it’s lagging the returns of rivals.

NASHVILLE, Tenn. — Sustainability in the trucking industry can be viewed from different angles, according to a panel at American Trucking Associations’ Management Conference & Exhibition on Oct. 25.

General Motors Co. beat analysts’ consensus estimate for the latest quarter thanks to strong performance from its financial unit and a one-time gain, and said full-year results would come in at the “high end” of its previous guidance.