Caterpillar Misses Estimates on Weakening Construction
Caterpillar Inc. posted a third-quarter profit that missed analysts’ expectations as the machinery producer grappled with weakening demand in construction around the world.
October 30, 2024Torc Validates Fully Driverless Truck on Test Track
Since May, the independent subsidiary of Daimler Truck has been conducting fully driverless truck tests on a multi-lane test track in Texas, the company revealed Oct. 29.
October 29, 2024New Arizona-Mexico Commercial Port Gets $275M Contract
The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.
October 29, 2024Holt Truck Centers Expands With Kyrish Acquisition
Following the deal, Holt Truck Centers will have 35 locations, which the parent company said would make it the third-largest International Motors dealership in the U.S.
October 29, 2024Trucking Firms Call on Hochul to Delay New York’s EV Rule
COHOES, N.Y. — Trucking industry executives and others asked Gov. Kathy Hochul to pump the brakes on state regulations that mandate sales of electric trucks in New York starting in January.
October 29, 2024White House Adviser Addresses Fleets’ Need for Cybersecurity
CLEVELAND — White House official Stephen Viña stressed the importance of trucking cybersecurity Oct. 28 even as carriers adapt to an unknown technological future.
October 29, 2024BYD Reportedly Hires Another Stellantis Executive
China’s BYD Co. reportedly is hiring the former U.K. chief of Stellantis NV as the EV maker builds a team of European executives to lead its expansion in the region.
October 29, 2024Ford’s Profit Outlook Falls Short as EV Demand Slows
Adjusted earnings before interest and taxes this year will be about $10 billion, down from a previous outlook for as much as $12 billion, the company said Oct. 28.
October 28, 2024United Rentals Hits Q3 Revenue High, Faces Margin Pressure
United Rentals Inc. set a quarterly revenue record in Q3 on surging demand in its specialty rentals segment, but the company faced margin pressure on bottom-line results.
October 28, 2024International Motors Q3 Profit Almost Doubles as Sales Soar
Profit at International Motors almost doubled year on year in Q3 as the OEM cleared a delivery backlog caused by a Q2 fire at a mirror supplier, with truck sales jumping more than 40%.
October 28, 2024