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Business, Technology, Equipment

Microsoft’s, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns

Microsoft Signage outside the Microsoft campus in Mountain View, Calif. (David Paul Morris/Bloomberg News)

Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China now are paying a price for the country’s sweeping lockdowns that have confined millions to their homes.

Debby Wu and Betty Hou | Bloomberg News
April 27, 2022
Business, Technology, Equipment

March’s Average Used Class 8 Retail Price Breaks $100,000

Used Knight-Swift trucks. The fleet says it's not selling used trucks at its usual pace because it struggles to replace them. (Knight-Swift Transportation)

The average retail price in March of a used Class 8 vehicle pushed past the $100,000 mark for the first time, ACT Research reported.

Roger Gilroy | Senior Reporter
April 26, 2022
Government, Business, Technology, Safety, Fuel

US Senate Transportation Leader Touts Biden Emissions Program

Carper Carper speaks during an interview. (Andrew Harrer/Bloomberg News)

The leader of the transportation policy committee in the U.S. Senate endorsed the Biden administration’s latest initiative to curb emissions through a comprehensive funding program.

Eugene Mulero | Senior Reporter
April 26, 2022
Business, Technology

Where Will Elon Musk Get Cash for Twitter?

Tesla Musk on stage at a past Tesla event. (Alexis Georgeson/Tesla Inc.)

Elon Musk and Twitter Inc. reached an agreement for the world’s richest man to buy the social networking platform for $44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged buyout deal.

Tom Maloney | Bloomberg News
April 26, 2022
Business, Technology, Logistics

Maersk Sees Possible Contraction in Global Container Market

Maersk (Munshi Ahmed/Bloomberg News)

Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted.

Christian Wienberg | Bloomberg News
April 26, 2022
Government, Business, Technology

Elon Musk, Twitter Agree on $44 Billion Deal

Musk Musk is best known for Tesla. (Hannibal Hanschke/Pool Photo via Associated Press, File)

Elon Musk reached an agreement to buy Twitter for about $44 billion on April 25, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers.

April 25, 2022
Business, Technology, Logistics, For-Hire

Ryder Opens Third E-Commerce Distribution Center in Columbus Market

Ryder e-commerce distribution center in Columbus, Ohio At nearly 440,000 square feet, the facility is the largest Ryder e-commerce distribution center in the Columbus, Ohio, area. (Business Wire)

Ryder System Inc. opened its third multiclient omnichannel distribution center in Columbus, Ohio, the company announced April 25.

Connor D. Wolf | Staff Reporter
April 25, 2022
Business, Technology, Equipment

ERoad Appoints Akinyemi Koyi to Lead North American Team

ERoad An ERoad device at an industry show. (John Sommers II for Transport Topics)

ERoad has appointed Akinyemi Koyi as president of its North American operations, the transportation technology company said.

April 25, 2022
Business, Technology, Equipment, Perspective

Perspective: Optimizing Trailer Management

Many technologies exist to help fleets monitor cargo in their trailers, but carriers must be mindful of how the cargo itself — including what it’s made of — might impact the effectiveness of their tracking systems, especially if they look to make a change. Better trailer management can also improve drivers’ job satisfaction by mitigating issues they sometimes face in detention time and finding empty trailers.

Roni Taylor | Senior Vice President of Strategy and Business Development, Spireon
April 25, 2022
Business, Technology, Fuel

Volvo Group Reports Higher Revenue, Record Q1 Deliveries

A Volvo VNR Electric truck at a charging station. A Volvo VNR Electric truck at a charging station. (Volvo Trucks North America)

Volvo Group reported first-quarter net income slipped and revenue increased amid what the company referred to as good economic activity, high transport volumes and solid construction activity while order backlogs are extended and lead times long.

Roger Gilroy | Senior Reporter
April 22, 2022