25 Oct Werner Reports $39 Million in Net Income, Second-Best Q3 Werner Enterprises Inc. reported smaller profits in the third quarter of 2019 but said the period was still the second-best Q3 in company history. Read more...
25 Oct Shipwell Raises $35M to Fuel Growth Shipwell, an Austin, Texas-based startup focused on managing trucking and shipping logistics for businesses, has raised $35 million to continue its growth, the company said Oct. 24. Read more...
25 Oct Schumer Proposes $462 Billion Car Swap — Gas for Electric WASHINGTON — Senate Minority Leader Chuck Schumer is proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade. Read more...
24 Oct XPO Logistics Launches Partnership With MIT GREENWICH, Conn. — XPO Logistics Inc. announced Oct. 24 that it was teaming up with the Massachusetts Institute of Technology to advance innovation in its industry. Read more...
24 Oct Ford to Debut New Electric Vehicle Nov. 17 Ford Motor Co. will debut its first battery-electric crossover Nov. 17, the automaker said Oct. 24. Read more...
24 Oct GM Edges Toward Ending Strike as Key Factory Backs Labor Deal General Motors Co. moved closer to ending a five-week strike when 61% of workers at an important truck plant in Flint, Mich., supported a tentative labor agreement. Read more...
24 Oct Fireworks Companies Seek HOS Exemption From FMCSA Two pyrotechnics companies have asked the Federal Motor Carrier Safety Administration to grant them exemption from certain hours-of-service rules. Read more...
24 Oct Nissan Ex-Chairman Ghosn’s Lawyers Want Charges Dismissed TOKYO — The lawyers of former Nissan Chairman Carlos Ghosn, who is awaiting trial in Japan, said Oct. 24 they have requested that financial misconduct charges against him be dismissed. Read more...
24 Oct Echo Global’s Net Income Drops 49% in Q3 Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30. Read more...
24 Oct More Groups Advocating For Highway Bill, Infrastructure Push Congress A coalition of nearly 40 prominent infrastructure stakeholders has urged the powerful Republican leader of the U.S. Senate to set up consideration for a comprehensive highway bill this year. Read more...