Paccar Reports Surge in Q1 Net Income
Truck maker Paccar Inc. reported a surge in net income and improved revenue in the first quarter as its parts business achieved record revenue and pretax profits amid strong demand and booming e-commerce sales.
April 27, 2021Merger Battle for Kansas City Southern Heats Up
An epic battle is in the early stages with Class I railroad powerhouses Canadian National and Canadian Pacific competing with multibillion-dollar bids to purchase the smaller Kansas City Southern railroad.
April 27, 2021FMCSA Encourages Drivers to Practice Work Zone Safety
In support of National Work Zone Awareness Week, the Federal Motor Carrier Safety Administration is encouraging drivers of large trucks to use extra caution, and is urging all drivers to remain alert, obey traffic signs and allow all vehicles extra space.
April 27, 2021Unpaid Taxes Another Troubling Sign for Lordstown Motors
CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year.
April 27, 2021Ford to Open Battery Research Lab in Electric Vehicle Push
Ford Motor Co. is building a $185 million battery research lab as part of a push to build its own power sources for plug-in cars.
April 27, 2021Apple’s $430 Billion US Investment Includes XPO-Run Facility
XPO Logistics will operate a $100 million “state-of-the-art” facility and distribution center in Clayton, Ind., for technology giant Apple, the company said April 26.
April 27, 2021Rush Reports Q1 Jump in Net Income, Revenue Flat
Truck dealership Rush Enterprises Inc. reported first-quarter net income nearly doubled and revenue was essentially flat as the company maintained a strict focus on managing expenses.
April 27, 2021Plus, Cummins Partner on Self-Driving CNG Trucks
Self-driving truck technology company Plus announced a new initiative with engine manufacturer Cummins Inc. to develop what Plus called the industry’s first driver-in, supervised autonomous trucks powered by natural gas.
April 27, 2021Auto Group Backs Guidelines for Partially Automated Vehicles
DETROIT — The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them.
April 27, 2021Amazon to Pass Walmart in Retail Sales in 2025, Report Says
Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.
April 27, 2021