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NTSB Nominee Homendy on Senate Panel’s Agenda

A vote on the nomination of Jennifer Homendy to continue her term as chairwoman of the National Transportation Safety Board is on a Senate panel’s calendar.

Eugene Mulero | Senior Reporter
April 25, 2024

Knight-Swift Reports Earnings Drop Amid Revenue Growth

Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.

Connor D. Wolf | Staff Reporter
April 25, 2024

Mullen Group Reports Lower Revenue for Q1

Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.

Connor D. Wolf | Staff Reporter
April 25, 2024

Tesla Promises Semi Truck Production to Begin in Late 2025

Tesla Inc.’s touted Class 8 Semi tractor is likely to begin rolling off the company’s Reno, Nev., production line late next year, according to a senior executive.

Keiron Greenhalgh | Staff Reporter
April 25, 2024

First Ship Leaves Port of Baltimore via Deeper Channel

The first of 11 ships trapped for a month behind the wreckage of the Francis Scott Key Bridge left the Port of Baltimore April 25 using an alternate shipping channel that had just opened.

Lorraine Mirabella | The Baltimore Sun
April 25, 2024

FMCSA Plans to Revamp Registration Process

Federal trucking regulators are in the early stages of developing a new online registration process aimed at reducing fraud and improving transparency and efficiency.

Eric Miller | Senior Reporter
April 25, 2024

Covenant Q1 Profit Slumps 76% on Freight Rate Weakness

Covenant Logistics Group profits tumbled in the first quarter of 2024, with freight rates and volumes taking a toll on earnings as expected.

Keiron Greenhalgh | Staff Reporter
April 25, 2024

Micron Clinches Up to $13.6 Billion in US Grants, Loans

The U.S. plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories.

April 25, 2024

Hertz Reports $392 Million Loss

Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.

David Welch | Bloomberg News
April 25, 2024