04 Aug Watch Now: RETOOL, a Technology and Maintenance Event Transport Topics is hosting a special two-day virtual event, RETOOL, taking deep dives into the most important topics and trends within the trucking industry’s equipment and technology spheres. Watch now! Read more...
04 Aug Senators Try to Sell $1 Trillion Infrastructure Plan to Public WASHINGTON — The senators who spent months stitching together a nearly $1 trillion infrastructure package are now trying to sell it to the American people before a key vote expected this week that would push a long recognized national priority much closer to the finish line, after years of talk. Read more...
04 Aug Despite Chip Shortage, GM Posts $2.8 Billion Profit DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. Read more...
03 Aug Nikola's Financial Loss Widens in Second Quarter Nikola Corp. posted a widening second-quarter financial loss as the electric vehicle startup said it is moving forward despite financial setbacks and the federal indictment of its former leader. Read more...
03 Aug Buttigieg Has Final Say Over $105 Billion in Infrastructure Grants WASHINGTON — At least $274 billion of the bipartisan Senate infrastructure bill’s $550 billion in new spending would go toward transportation — and it also would give Transportation Secretary Pete Buttigieg the final say over about $105 billion of that $274 billion, according to one transportation analyst. Read more...
03 Aug Cummins Posts Strong Q2 Results Cummins Inc. reported second-quarter net income and revenue soared, powered by North American engine sales. At the same time, the company announced it was exploring what it called “strategic alternatives” for its filtration business unit. Read more...
03 Aug Daseke Reports Higher Profit, Revenue for Q2 Daseke Inc. saw earnings and revenue increase during the second quarter, the company reported Aug. 3. Read more...
03 Aug Former Roadrunner Executive Convicted in Financial Case A federal jury has convicted the former chief financial officer of Roadrunner Transportation Systems Inc. on four counts of violating federal securities laws for his role in a complex securities and accounting fraud. Read more...
03 Aug Isaac Instruments Selects Mike Stapleton for VP Position Isaac Instruments announced July 26 that Mike Stapleton has been appointed to serve as vice president of industry relations. Read more...
03 Aug Maersk Ratchets Up Profit Guidance After Freight Rates Soar A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods. Read more...