26 Jan U.S. Xpress Latest to Invest in TuSimple U.S. Xpress Enterprises Inc. announced it made a “significant” investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board. Read more...
26 Jan Biden to Pause Oil Drilling on Public Lands WASHINGTON — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Read more...
26 Jan COVID-19 Pandemic Impacts Q4 Earnings at Union Pacific Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations. Read more...
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...