04 May UPS Driver Delivers Help to Those in Need in Louisiana UPS driver James Joseph’s philosophy sounds a lot like a slogan his company once had: What can “Big Brown” do for you? When he’s not delivering packages, Joseph has helped deliver air conditioners and fans to people during sweltering weather, water and supplies to hurricane-stricken areas and, most recently, masks and hand sanitizer to schools across Louisiana. Read more...
04 May TravelCenters Reduces Net Loss in Q1; Revenue Rises TravelCenters of America Inc. reduced its net loss and increased revenue in the first quarter compared with a year earlier. Read more...
04 May Shortage of Truck Drivers Concerns California Ag Producers A worsening shortage of truck drivers is raising concerns among California farmers that, unless a solution emerges soon, there might not be enough hauling capacity to bring this year’s harvest to market. Read more...
04 May Eaton Reports Q1 Stronger Than Expected Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic. Read more...
04 May ArcBest Reports Record Revenue for Q1 2021 ArcBest saw earnings increase and record revenue during the first quarter, the company reported May 4. Read more...
04 May Meritor Reports Higher Revenue, Lower Income in FY Q2 Meritor Inc. reported higher fiscal second-quarter revenue and lower net income reflecting, respectively, strong truck production and a previous distribution agreement termination. Read more...
04 May Tesla Told to Provide Documents Involving Musk Compensation DOVER, Del. — A Delaware judge on May 3 ordered lawyers representing Tesla Inc. directors to turn over certain communications that CEO Elon Musk may have shared with the company’s top in-house attorneys before the board approved a compensation plan in 2018 that could net Musk more than $50 billion. Read more...
04 May Cummins Posts Higher Revenue, Income in Q1 Cummins Inc. reported first-quarter net income and revenue soared with recoveries in the North American truck and global construction markets. Read more...
04 May Matthias Jurytko to Head Daimler Truck AG-Volvo Fuel Cell Venture Daimler Truck AG and Volvo appointed Matthias Jurytko as CEO of cellcentric, their new fuel cell development 50-50 joint venture. He is scheduled to assume the post June 1. Read more...
04 May US Trade Gap Widened to Record $74.4 Billion in March The U.S. trade deficit widened to a record in March as the value of imports surged to a new high. Read more...