Volvo Group Earnings Rise on Global Vehicle Sales
Volvo Group reported strong second-quarter earnings and revenue as sales in its global vehicle-related segment rose 41% compared with a year earlier.
July 21, 2021Proposed Merger Dominates CN Financial Report
Canadian National Railway reported an increase in second-quarter net income and revenue, and for the second period in a row company leaders spent significant time detailing for analysts the value of the company’s $33.7 billion merger with Kansas City Southern.
July 21, 2021Daimler Posts $4.3 Billion Q2 Profit Despite Chip Shortage
FRANKFURT, Germany — German automaker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles.
July 21, 2021CVSA Sidelines 1,273 Vehicles for Brake Violations
Commercial Vehicle Safety Alliance inspectors removed more than 1,200 commercial motor vehicles with critical brake violations from roadways during an unannounced single-day brake safety enforcement operation.
July 21, 2021Pacific, Atlantic Ports Report Strong June Volumes
More than six months into the economic recovery, the nation’s ports on the Pacific and Atlantic coasts continue to see record or near-record cargo loads, and port officials and economists forecast the substantial numbers likely will continue well into 2022.
July 21, 2021Secret Funding for Plaintiff Attorneys Is On Rise, Experts Say
A controversial practice of financial firms funding litigation for attorneys who sue trucking companies is putting defense attorneys at a disadvantage — and is on the rise.
July 21, 2021Truck Drivers Go On Strike in Puerto Rico
Puerto Rico’s largest truck-driver’s union began an indefinite strike July 21, demanding increased cargo rates on the island where 80% of all food is imported.
July 21, 2021Startup Couriers Snatch Toehold in Biggest Shake-Up of E-Commerce Era
Surging e-commerce is generating more package deliveries than giant couriers can handle, clogging retailers’ logistical pipelines and frustrating consumers. But the logjam is spawning startups with new ways of speeding deliveries.
July 21, 2021Toyota Adds Suzuki, Daihatsu to Commercial EV, Autonomous Push
Suzuki Motor Corp. and Daihatsu Motor Co. are investing in a Toyota Motor Corp. entity to bring electrification and autonomous driving to commercial vehicles, deepening ties between the automakers.
July 21, 2021Ford, Lyft and Argo Team Up to Deploy Robo-Taxis
Ford Motor Co. and its partner Argo AI will start a self-driving ride-hailing service with Lyft Inc. in Miami and Austin, Texas, later this year. It will be the biggest commercial rollout of robot rides.
July 21, 2021