Yard truck maker Orange EV announced Aug. 4 that it has secured $35 million from S2G Ventures 鈥 its first large outside investor.
August 4, 2022Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit
Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.
August 3, 2022FMCSA Awards Educational Funds for Veterans, Others to Get CDLs
To help veterans, spouses and active duty military members gain truck driving jobs, the Federal Motor Carrier Safety Administration awarded $3.1 million in grants to 19 community colleges and truck driving schools throughout the country.
August 3, 2022TA Reports Strong Q2 Net Income, Revenue
TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.
August 3, 2022Alabama Trucking Legend Buddy Moore Dies at 88
Former Alabama Trucking Association chairman and state industry leader E.H. 鈥淏uddy鈥 Moore Jr. died July 25.
August 3, 2022OPEC+ Boosts Oil Output by Slower Pace Than Previous Months
The OPEC oil cartel and its allies decided Aug. 3 to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia鈥檚 war in Ukraine.
August 3, 2022Dana Q2 Net Income Drops, Revenue Rises
Dana Inc. reported net income dropped and revenue increased in Q2 amid a host of persistent industry challenges.
August 3, 2022Automakers Blitz Congress to Fix an EV Tax Credit They Can鈥檛 Use
Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats鈥 proposed new spending bill over concern that they stand to lose out from strict new limits on electric vehicle credits.
August 3, 2022Eaton Q2 Income Up; Revenue Flat
Eaton Corp. reported second-quarter net income rose and revenue was flat while segment margins were 20.1%, a quarterly record and above the high end of the guidance.
August 3, 2022GXO Posts $2.2 Billion in Q2 Revenue, Marks First Anniversary
GXO Logistics Inc. closed out its first year as an independent company with revenue and earnings growth in the second quarter of 2022, the company reported Aug. 2.
August 3, 2022Trending
Newsletter Signup
Subscribe to Transport Topics