Technology
Commercial freight transportation businesses rely on data, intelligence, and novel solutions for operational efficiency. Transport Topics technology coverage investigates available technologies, real-world applications of business solutions, and the strategies necessary for advancement. News topics focus on the latest applied science, and issues range from autonomous vehicle and robotics innovations to management software, tracking and transparency, data analytics, blockchain, and the internet of things.
Old Dominion Freight Line Reports Record Revenue for Q2
Old Dominion Freight Line saw net income increase year-over-year by 82.4% during the second quarter of 2021, the company reported July 28.
XPO Posts Q2 Profit on Record Revenue
Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.
Ford Posts Surprise Profit on Surging Prices of Scarce Cars
Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots.
Toyota Defies Chip Shortage to Post Record Output, Sales
Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.
Foreign Chipmakers Could Get Funding Aid, Raimondo Says
President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage that has hammered manufacturing, Commerce Secretary Gina Raimondo said.
US Senate Transportation Policymakers Press for Pipeline Security
The leaders of the U.S. Senate’s freight committee called on the Biden administration, congressional colleagues and private industry stakeholders to enhance security operations following the cyberattack on Colonial Pipeline.
How Drones Help Workers Inspect Wind Turbines
Nearthlab’s drones use artificial intelligence and laser technologies to help pinpoint potential damage and reduce the chance of accidents during human inspections of wind turbines.
Shopify Profit Is More Than Double Forecast, Extending Streak
Shopify Inc. beat expectations in the second quarter, with adjusted profit per share more than double what analysts had forecast, and said operating earnings for 2021 should exceed last year’s.
Lordstown May Raise Millions From Investment Fund
Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.
US Senators Introduce Bill to Repeal Excise Tax on New Trucks
Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry.