Eaton Profits, Revenue Soar in Q2
Eaton Corp. reported second-quarter net income and revenue surged while segments margins set a record for the quarter.
August 11, 2021Proposed USPS Surcharges May Mean Mail Will Cost More This Holiday
The U.S. Postal Service on Aug. 10 announced it is seeking temporarily higher rates for packages during the 2021 holiday season.
August 11, 2021Uber-Backed Joby Aviation Goes Public; Share Price Slides
Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors.
August 11, 2021Amazon-Backed Rivian in Talks for $5 Billion Texas Plant
Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc., is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News.
August 11, 2021Trucking Industry Legend Frank Beelman Jr. Dies at 100
Frank Beelman Jr., a trucking executive and military combat veteran decorated with the Silver Star Medal, died Aug. 4 in his hometown of St. Libory, Ill.
August 10, 2021Nikola Adds Alta Equipment Group to Dealer Network
Nikola Corp. announced it added Alta Equipment Group to its emerging dealer network for its heavy-duty battery-electric and hydrogen fuel cell trucks, which are under development.
August 10, 2021Industry Applauds Senate Passage of $1 Trillion Bill to Modernize US Transportation
Legislation aimed at modernizing the country’s mobility networks, freight corridors and transit systems gained approval in the U.S. Senate on Aug. 10.
August 10, 2021Productivity Rose Less Than Forecast in Q2
Productivity in the U.S. took a step back in the second quarter, indicating an easing in the rapid pace of efficiency gains seen in the prior three months.
August 10, 2021California Trucking Association Takes AB 5 Case to Supreme Court
The California Trucking Association is asking the U.S. Supreme Court to review a state independent contractor law — known as AB 5 — that it argues should be exempt from enforcement for motor carriers based on federal pre-emption.
August 10, 2021Big Win for $1 Trillion Infrastructure Bill With Senate Passage
With a robust vote after weeks of fits and starts, the Senate approved a $1 trillion bipartisan infrastructure plan Aug. 10, a rare coalition of Democrats and Republicans joining to overcome skeptics and deliver a cornerstone of President Joe Biden’s agenda.
August 10, 2021