CSX Reports Strong Q1 Earnings
Class I railroad CSX Inc. on April 20 announced first-quarter earnings that beat Wall Street analysts’ expectations.
Ford’s Jim Farley Says Tesla Could Start an EV Price War
Ford Motor Co. CEO Jim Farley said rival Tesla Inc. could start a price war and turn certain electric vehicle models into commodities after it cut prices again.
Ford’s F-150 Leaves Tough Choices for EV Tax Credits
While the average gasoline-powered F-150 now sells for almost $63,000 — 25% more than five years ago — the electric version commands a premium of almost 30% over that.
Knight-Swift Reports Revenue, Earnings Decline for Q1
Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 20.
Tesla Q1 Sales Climb. but Profit Falls on Price Cuts
DETROIT — Tesla shares fell sharply April 20 as the company felt the sting of numerous price cuts it made across its model lineup this year in hopes of energizing sales.
Progress Reported on West Coast Port Negotiations
After nearly a year of negotiations, the International Longshore and Warehouse Union and port management’s Pacific Maritime Association have reached a tentative agreement on what
Traffic Deaths in 2022 Nearly Match 2021’s 16-Year High
DETROIT — The number of people killed on U.S. roadways decreased slightly last year, but government officials said the 42,795 people who died is still a national crisis.
Cox Automotive Acquires FleetNet America
Driven to keep the world’s fleets moving efficiently, safely and sustainability, Cox Automotive today announced the acquisition of fleet industry leader FleetNet America®. With
Union Pacific Reports Flat Revenue, Income in Q1
Union Pacific Corp. reported flat year-over-year income and slightly increased revenue for the first quarter of 2023.
Ports on West and East Coasts Show Sharp Decline in March
A steep, across-the-board decline in imported cargo, exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 p