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Kenworth Introduces Next Generation of T680
Kenworth Truck Co. has introduced the next generation of its T680 on-highway model, which it describes as the most aerodynamic longhaul truck it has ever built.
February 12, 2021Xos Signs Distribution Deal With Thompson Truck Centers
Xos, a manufacturer of electric commercial vehicles, announced a partnership with Thompson Truck Centers to distribute its trucks beginning in the second half of the year.
February 12, 2021DAT Unveils Freight Broker Intelligence Service
DAT Freight & Analytics introduced a subscription-based service for freight brokers Feb. 12 to help with spot and contract transactions.
February 12, 2021Dems to Push Clean Energy Tax Breaks in Infrastructure Plan
House Ways and Means Chairman Richard Neal unveiled plans to pursue tax breaks for renewable energy as a way to ease the shift away from fossil fuels in President Joe Biden’s upcoming infrastructure bill.
February 12, 2021Hyliion Launches Next-Generation Battery Module for Hybrid Truck
Hyliion Holdings Corp., a manufacturer of electrified powertrain solutions for Class 8 commercial vehicles, announced the introduction of its next-generation battery module that integrates Toshiba’s LTO cells with Hyliion’s technology advancements.
February 12, 2021Navistar Adds Property to Support Texas Truck Plant
Navistar International Corp. announced it acquired a property in San Antonio to house support functions for its under-construction plant in the area.
February 12, 2021Amazon Sues N.Y. Attorney General, Claiming Excessive COVID Demands
Amazon .com Inc. is suing the New York State attorney general, arguing that she’s exceeding her authority in seeking to penalize the company for alleged failures in its pandemic safety protocols and treatment of workers at New York City warehouses.
February 12, 2021Biden Team Cool to Preflight Virus Tests Floated by Buttigieg
President Joe Biden’s administration isn’t seriously considering an imminent coronavirus testing requirement for domestic U.S. flights, people familiar with the matter said.
February 12, 2021New York Gov. Cuomo Announces $87 Million in Rail, Port Funding
New York Gov. Andrew Cuomo announced the availability of $87 million for port and rail improvements In an effort to enhance the state’s trade corridors,
February 12, 2021Forward Air Revenue Increased While Income Declined for Q4
Forward Air Corp. reported record fourth-quarter revenue but a decline in net income.
February 12, 2021Consumer Sentiment Unexpectedly Falls to Six-Month Low
Consumer sentiment unexpectedly declined to a six-month low in early February as the outlook for personal income deteriorated and more Americans anticipated faster inflation in the year ahead.
February 12, 2021Illinois Launches Program to Promote Supply Chain Management Training
Illinois officials and the Association for Supply Chain Management have partnered to launch a job-training program.
February 12, 2021US Oil Majors Downgraded by S&P on Climate Risk, Earnings
Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
February 12, 2021Goldman Sachs Creates Joint Venture for Auto Technology Deals
Goldman Sachs Group Inc. is creating a joint venture in its investment bank focused on catering to auto technology clients such as Tesla Inc. and the new class of companies trying to take on the top electric vehicle maker.
February 12, 2021Transportation Expert Highlights I-64 Pavement Recycling Project
Pavement recycling presents opportunities for cost reduction and environmental sustainability, according to the principal research scientist at the Virginia Transportation Research Council.
February 11, 2021Trailer Orders Ease; Supply Chain Issues Rise
U.S. trailer orders in January were 29,100, up 94% from the same month last year, ACT Research reported, citing manufacturers’ initial data.
February 11, 2021Locomation Partners With Rush to Advance Autonomous Trucking
Locomation, a technology platform, announced Feb. 10 a strategic relationship with Rush Enterprises to advance autonomous trucking.
February 11, 2021Ryder Reports Q4 Improved Earnings
Ryder System Inc. on Feb. 11 reported fourth-quarter net income of $25.6 million, or 48 cents per share, compared with a loss of $53.5 million, or loss of $1.02, in the same period a year ago.
February 11, 2021Economy Is Improving, but Challenges Remain, Economists Say
The U.S. economy is poised for a strong recovery in the third quarter, provided the number of people being given the COVID-19 vaccine significantly improves and Congress and the White House reach a COVID relief package.
February 11, 2021House Panel Advances Guidance on Biden COVID-19 Proposal
Emergency aid for the transit and aviation sectors was approved in legislation advanced by the transportation committee in the U.S. House of Representatives Feb. 10.
February 11, 2021