23 Oct Ford Cuts 2019 Outlook Ford Motor Co., struggling to roll out its redesigned Explorer sport-utility vehicle, cut its full-year forecast by $500 million, in a sign an $11 billion restructuring by Chief Executive Officer Jim Hackett will take more time before a promised payoff. Read more...
23 Oct Virginia Board Approves I-81 Improvement Projects Virginia’s Commonwealth Transportation Board recently approved 31 projects for the Interstate 81 Corridor Improvement Program. Read more...
23 Oct San Diego MTS Launches $12.5 Million Electric Bus Pilot Program Transit officials in San Diego are rolling out a new $12.5 million pilot program to test the region’s first electric buses. Read more...
23 Oct Americans Are Unhappy at Work After Years of Economic Gains The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work. Read more...
23 Oct Caterpillar Rises as Company Cutting Production to Match Demand Caterpillar Inc. shares rebounded as investors welcomed the move by the company to cut production, helping it navigate the global economic downturn. Read more...
23 Oct Norfolk Southern’s Net Income, Revenue Decline Norfolk Southern Corp. followed the trend of Class 1 railroads reporting record operating ratios, but net income and revenue dropped in the third quarter. Read more...
23 Oct Pemex Reduces Fuel Imports After Theft Crackdown Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft. Read more...
23 Oct DOT Announces Audit of FMCSA Oversight on Driver Disqualifications The U.S. Department of Transportation’s Office of Inspector General has initiated an audit of the Federal Motor Carrier Safety Administration’s oversight of truck driver disqualifications. Read more...
23 Oct Knight-Swift’s Q3 Net Income Down 29.5% to $74.6 Million Knight-Swift Transportation Holdings Inc. officials reported $74.6 million in net income for the quarter ended Sept. 30, a decrease of 29.5% from $105.9 million in the same period a year before, according to an Oct. 23 earnings news release. Read more...
23 Oct At Tokyo Auto Show, Visions for Cars of the Future, but no Ghosn TOKYO — The Tokyo Motor Show opens this week with plenty of futuristic technologies but absent one of the auto industry’s hugest influencers: Nissan’s former chairman, Carlos Ghosn. Read more...