GXO Reports Record Revenue of $2.3 Billion for Q1
GXO Logistics reported its highest-ever first-quarter revenue when its earnings report was released May 10.
Illinois to Add Truck Parking at Three Rest Areas
Illinois plans to build a total of more than 100 new truck parking places in two rest areas on Interstate 55 and one on I-24 in a $197.5 million investment in 22 freight mobility p
Rivian Reports Better-Than-Expected Loss, Affirms EV Plans
Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric vehicle maker
Westport Posts Q1 Loss
Westport Fuel Systems Inc. shifted to the red from the black in the first three months of 2023, it said May 9.
XPO Confirms Job Cuts to Reduce Labor Costs
GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.
Expanding Truck Parking High on USDOT Agenda, Buttigieg Says
Transportation Secretary Pete Buttigieg reaffirmed a commitment to continue expanding access to parking for commercial drivers.
Competitive Commercial Vehicle Financing is Result from Mitsubishi HC Capital America Merger
By combining the best resources and assets of each integrated business, Mitsubishi HC Capital America is leveraging its role as a consultative partner to provide customized and fle
Nikola to Pause Battery-Electric Truck Production
Nikola Corp. is set to pause battery-electric truck production at its Coolidge, Ariz., facility by the end of May ahead of a pivot in its operations to hydrogen fuel cell vehicles,
EPA Seeks Comment on Electric Truck Costs, Charging
Prior to moving forward with Inflation Reduction Act funding, the EPA says it is seeking comment on zero-emission technologies in the heavy-duty vehicle and port sectors.
Daimler Truck Q1 Sales Jump
A 15% year-over-year jump in sales at Daimler Truck powered a jump in revenue and profit in the first three months of 2023, and North American sales rose 12% compared with the year