06 Feb ArcBest Reports Highest Yearly Revenue in Company History For-hire carrier ArcBest reported an increase in revenue but a decline in net income for the fourth quarter of 2018. Read more...
06 Feb Andrew Wheeler, Nicole Nason Nominations Advance to Senate Floor President Donald Trump’s picks to lead the country’s environmental policies and oversee the surface transportation network advanced to the Senate floor Feb. 5. Read more...
06 Feb Cummins Posts Record Annual Revenue on Engine Gains Independent engine maker Cummins Inc. reported higher net income and set a record for annual revenue, led by gains in North America. Read more...
06 Feb Intermodal Volume Growth in 2018 Best in Five Years, IANA Report Says Driven by tight trucking capacity and the threat of tariffs, intermodal volumes increased 5.6% in 2018, their highest growth in five years, according to the Intermodal Association of North America’s annual report. Read more...
06 Feb Elon Musk Tweet Sparks Mercedes-Tesla Talks Over Electric Van Project Elon Musk’s praise for Daimler AG’s Mercedes-Benz Sprinter van triggered talks between the German manufacturer and Tesla Inc. over potential cooperation on an electric version. Read more...
06 Feb Daimler Posts Lower Earnings Despite Record Truck Sales Daimler AG, citing regulatory and trade headwinds, reported a decline in net income for the fourth quarter and full 2018 while revenue inched up in both periods amid an all-time record for global truck sales. Read more...
06 Feb Goodyear Researches Soybean Oil as Component of Truck Tires GRAPEVINE, Texas — Within the next few years, the truck tire you buy may be manufactured in part with soybean oil instead of petroleum. At its annual Customer Care Conference, Goodyear Tire and Rubber Co. showed off some of the research that is taking place with alternative methods of tire manufacturing. Read more...
06 Feb Trade Gap Narrows to Five-Month Low as Imports Plummet The U.S. trade deficit narrowed in November by more than forecast to a five-month low, as imports tumbled by the most in more than two years amid an intensifying trade war. Read more...
06 Feb FourKites Receives $50 Million in New Funding From Investors Shipment-tracking company FourKites has collected $50 million in funding from a group of existing investors that includes August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels. Read more...
06 Feb Tesla Cuts Model 3 Price for Second Time This Year Tesla Inc. is cutting the price of its Model 3 sedan for the second time this year, citing the end of a customer-referral program that was a more costly incentive than the company realized. Read more...