Ford to Cut Back F-150 Production Due to Chip Shortage
CHARLOTTE, N.C. — Ford Motor Co. said Feb. 4 that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that also has impacted other automakers.
February 5, 2021Werner Reports Net Income Increased 25% to $60.6M for Q4
Werner Enterprises Inc. saw fourth-quarter earnings increase from the year-ago period while revenue declined slightly, the company reported Feb. 4.
February 4, 2021Werner Reports Net Income Increased 25% to $60.6M for Q4
Werner Enterprises Inc. saw fourth-quarter earnings increase from the year-ago period while revenue declined slightly, the company reported Feb. 4.
February 4, 2021Cummins Posts Higher Q4 Earnings, Revenue
Cummins Inc. reported higher earnings and revenue in the fourth quarter amid gains in both its engines and components business segments in China and India.
February 4, 2021Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics
SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.
February 4, 2021Old Dominion Posts Q4 Gains in Earnings, Revenue
Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and, despite the COVID-19 pandemic, finished 2020 with a rise in net income.
February 4, 2021Automakers Push for Congressional Movement on AV Rules
A group of nearly four-dozen automakers, industry advocacy groups and corporations sent a letter to Congressional leaders Feb. 3 urging action on legislation that would allow for greater deployment of autonomous vehicles.
February 4, 2021Class 8 Orders in January Clear 40,000
North American Class 8 orders kicked off the year by reaching 42,200 in January, up 146% from a year earlier when they were 17,204, ACT Research reported, citing truck makers’ initial data.
February 4, 2021Echo Global Logistics Reports Strong Profit, Revenue Results for Q4
Echo Global Logistics Inc. on Feb. 3 reported higher year-over-year increases in earnings and revenue for the fourth quarter of 2020.
February 4, 2021Trump Administration Independent Contractor Actions Face Uncertainty
The U.S. Department of Labor is backing off a pair of actions issued in the waning days of the Trump administration that were widely perceived to be favorable to motor carriers’ use of independent contractors.
February 4, 2021