Convoy Reportedly Finds a Buyer
Convoy, the Seattle-based freight startup that shut down last week, is being sold, according to a former Convoy employee familiar with the deal.
Honda Halts Plans With GM to Develop Smaller EVs
Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.
Norfolk Southern Profit Falls as Derailment Costs Grow
OMAHA, Neb. — The costs related to the East Palestine derailment grew to $966 million for Norfolk Southern. The railroad said Q3 profit of $478 million was half of last year’s
Paccar Records 60% Rise in Q3 Net Income
Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.
CN Railway Misses Estimates as Consumer Goods Shipments Drop
Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consum
Federal Grant to Improve Access at Indiana Agribusiness Park
Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.
TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market
TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market
US House Panel Evaluates New Truck Excise Tax Repeal
A leading proponent of repealing a tax on the purchase of new trucks called on colleagues to endorse his effort.
Trucking Faces Increasing Threat of Cyberattacks
HOUSTON — Trucking is seeing an increase in cyberthreats, a panel of experts said Oct. 23 during the National Motor Freight Traffic Association’s Digital Solutions Confer
California Stops Cruise From Operating Without Drivers
General Motors Co.’s Cruise unit is being suspended by the California Department of Motor Vehicles from operating driverless vehicles in the state, effective immediately.