Werner Enterprises Reports Earnings Drop on Steady Revenue
Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.
Toyota Recalls Nearly 1.9 Million RAV4s
DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially ca
Uber, Lyft to Pay $328 Million in Wage Theft Settlement
NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Nov. 2.
Port Leaders Push Wind Power as Long-Term Solution
AURORA, Colo. — Port leaders believe they are part of the solution to capturing renewable wind energy off of their coasts and under their operation with giant wind turbines that
Fed Keeps Benchmark Interest Rate at 5.4%
WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.
Toyota Hikes Pay on Heels of UAW-Detroit Deals
Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.
Traton Reports Revenue Growth to $12 Billion for Q3
Traton SE experienced an increase in revenue and operating results despite market headwinds during the third quarter of 2023, the company reported Oct. 25.
Eaton Q3 Profit Jumps, Beats Analyst Expectations
Profits at Eaton Corp. jumped year-over-year in the third quarter, but executives are not optimistic about commercial vehicle prospects in 2024.
Forward Air Reports 82% Earnings Drop During Q3
Forward Air Corp. reported an 82.2% drop in earnings during the third quarter of 2023 as revenue declined amid a weak freight environment, the company reported Oct 30.
Tevva, ElectricaMeccanica End Partnership
Plans to build a hybrid electric and hydrogen-powered Class 8 truck floundered in recent days as startup merger partners Tevva Motors Ltd. and ElectraMeccanica Vehicles Corp. parte