Transportation Technology News

GXO Logistics on Aug. 5 announced significant changes to its operating model aimed at sustaining growth through high-margin contracts and reducing costs.

Lucid is targeting $1.4 billion in cash savings this year in a broad push to reset its operations, an effort by new CEO Silvio Napoli to shore up the money-losing EV maker.

Replacement demand funded by the freight market rebound will continue to drive North American heavy-duty truck demand, engine maker Cummins’ top executive said.

Uber Technologies issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume.

Insufficient commercial truck parking remains a problem in the trucking industry, but some fleets are starting to turn that pain point into a retention tool.

Work has already begun on some of the reliability testing for third-generation hardware components, Aurora CEO Chris Urmson said during the Q2 earnings call.

It is the second time Daimler Truck or a predecessor has announced plans to close the Swan Island plant since acquiring Freightliner in 1981.

Once a niche service, power-only brokerage has grown into a key transportation model for shippers, brokers and carriers seeking greater flexibility and efficiency.

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