26 Apr Uber Aims for $84 Billion Valuation in Year’s Largest IPO Uber Technologies Inc. is seeking to raise as much as $9 billion in an initial public offering that could give the No. 1 ride-hailing company a market valuation of as much as $84 billion. Read more...
26 Apr Forward Air Reports Record Revenue, Profit in 1Q Forward Air Corp. reported record revenue and net income when the Greeneville, Tenn.-based carrier announced first-quarter earnings April 24. Read more...
26 Apr Continental Sticks to Powertrain IPO Plan Amid Profit Slump Continental AG is moving ahead with plans to carve out its powertrain division while postponing a final decision, as the German auto-parts maker adapts to the disruptive and costly shift to self-driving electric cars. Read more...
26 Apr Construction Groups Launch Ad Campaign Supporting Connecticut Tolls A coalition of groups representing the building and construction industries has launched an advertising campaign in support of Gov. Ned Lamont’s plan for electronic tolling in Connecticut.Move CT Forward’s 30-second advertisement casts tolls as a more favorable fundraising option than borrowing billions of dollars, raising the fuel tax or doing nothing. Read more...
26 Apr Daimler 1Q Net Income Dips, Revenue Flat Daimler AG reported first-quarter net income dipped and revenue was flat amid a range of constraining factors affecting cash flow, and despite gains in truck sales. Read more...
26 Apr Growth of 3.2% Tops Forecasts on Trade, Inventory Boost Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected. Read more...
26 Apr Fleets Conduct Real-Life Tests Before Committing to New Tires Improvements to truck tire technology in recent years have created a collection of products that manufacturers often tout as their most advanced, longest-wearing and most fuel-efficient tires ever. But many motor carriers choose to analyze those factory-tested claims in their own real-life settings before committing to adding the products to their entire fleet. Read more...
26 Apr Dealers Tackle Parts Shortage Dealerships and fleets are changing stocking patterns for replacement parts and adding inventory as they work to minimize truck downtime amid widespread shortages of some truck parts. Read more...
26 Apr Telematics Has a Key Role in Trucking Filtration The advent of modern truck telematics has changed how fleets determine when filter or other services are needed — and when quick action is necessary to prevent potential engine damage or failure, a fleet maintenance executive said. Read more...
26 Apr Remote Diagnostics to the Rescue Remote diagnostics systems available on modern trucks are helping fleets avoid costly repairs and reduce vehicle downtime, and this technology is rapidly advancing toward offering better predictions of when problems might occur. Read more...