Profits at Eaton Corp. soared in the first quarter as sales and margins jumped at the component manufacturer’s largest reporting unit — Electrical Americas.
May 1, 2024Business, Equipment
Eaton Q1 Profit Jumps 28.7% as Margins Increase
Government, Business, Technology, For-Hire
Pitt Ohio Executive Targets EV Infrastructure
WASHINGTON — Ensuring electric commercial vehicles have reliable access to charging infrastructure remains a persistent challenge, a trucking executive recently told policymakers.
May 1, 2024Business, Logistics
Werner Posts Revenue, Earnings Decline for Q1
Werner Enterprises experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 30.
May 1, 2024Government, Business, Technology, Private, TCA
Performance Food Group Takes Electric Plunge
Performance Food Group has seven electric trucks, supported by an array of charging stations, an upcoming installation of solar panels and a fleet of all-electric refrigerated trailers.
May 1, 2024Government, Business, Technology
Biden Poised to Finalize New EV Tax Credit Rules
The U.S. Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as May 3.
May 1, 2024Business, Technology, Fuel
Tesla Axes Supercharger Team in Blow to Broader EV Market
Tesla eliminated almost its entire Supercharger organization, which has built a network of public charging stations that virtually every major automaker is in the process of tapping into.
May 1, 2024Business, Equipment
Paccar Q1 Profit Rises, Earnings Top Expectations
Profits at Paccar Inc. surged 63.5% in the first quarter of 2024, outstripping analysts’ expectations.
May 1, 2024Business, Technology, Logistics, Private, Global Freight
Amazon Sees Strong Q1 Results Driven by Cloud-Computing Unit
NEW YORK — Amazon reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service.
April 30, 2024Government, Business, Safety, Logistics
Containership Hit Far in Arabian Sea; Houthis Claim Attack
JERUSALEM — A containership came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen’s Houthi rebels that they assaulted the ship there.
April 30, 2024Business, Logistics
Proxy Firm: Norfolk Shareholders Should Split Ticket in Vote
Norfolk Southern's CEO won support from adviser Institutional Shareholder Services before a shareholder vote on an activist-driven push to replace the railroad’s leadership team.
April 30, 2024