26 Jan Pennsylvania Truckers Object to Bridge Tolling Plan The Pennsylvania Department of Transportation is moving forward with its controversial plan to consider charging tolls on as many as 10 major bridges in the state. But representatives from the trucking industry say tolls would hurt their industry. Read more...
26 Jan Paccar Q4 Earnings, Revenue Drop Paccar Inc. posted lower fourth-quarter net income and revenue while achieving record quarterly parts revenue and notching its record market share for medium-duty vehicles sold in the U.S. and Canada. Read more...
26 Jan Trucking Becomes More Focused on Health, Efficiency Trucking embraced risk management and technology that drives efficiency in response to the coronavirus pandemic, industry leaders said in a panel discussion Jan. 25. Read more...
26 Jan Elon Musk’s Finance Chief Quietly Tallies Profit Surge at Tesla Tesla Inc. on Jan. 27 is widely expected to report its sixth consecutive quarterly profit — and potentially its first $1 billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars. Read more...
26 Jan EV Charging Firm FreeWire Closes $50 Million Funding Round FreeWire Technologies Inc., an electric vehicle charging and power startup, has raised $50 million in a Series C funding round. Read more...
26 Jan Western Flyer Express President Rodney Timms Retires Western Flyer Express announced President Rodney Timms retired effective Dec. 31. Read more...
26 Jan Covenant Reports Mixed Results for Q4 2020 Covenant Logistics Group Inc. posted a net loss of $25.7 million, or minus $1.50 a diluted share, for the three months ending Dec. 31, the Chattanooga, Tenn.-based truckload carrier announced Jan. 25. Read more...
25 Jan Diesel Up 2¢ in 12th Consecutive Increase The Energy Information Administration reported Jan. 25 the national average price of diesel rose by two cents to $2.716 a gallon. Read more...
25 Jan Alaska Cargo and Cold Storage Expands in Anchorage Alaska Cargo and Cold Storage has executed with the state of Alaska a 55-year lease agreement at Ted Stevens Anchorage International Airport for a 700,000-square-foot, climate-controlled warehouse facility at the world’s sixth-busiest cargo airport. Read more...
25 Jan CSX Reports Lower Q4 Earnings Amid COVID-19 Pandemic CSX Corp. reported lower fourth-quarter and annual income and revenue compared with 2019, officials for the Class I railroad said Jan. 21. Read more...