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Old Dominion Freight Line Reports Record Revenue for Q2

Old Dominion Freight Line saw net income increase year-over-year by 82.4% during the second quarter of 2021, the company reported July 28.

July 29, 2021

Ford Posts Surprise Profit on Surging Prices of Scarce Cars

Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots.

July 29, 2021

Toyota Defies Chip Shortage to Post Record Output, Sales

Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.

July 29, 2021

Nikola Founder Trevor Milton Charged With Misleading Investors

NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.

July 29, 2021

US Senate Transportation Policymakers Press for Pipeline Security

The leaders of the U.S. Senate’s freight committee called on the Biden administration, congressional colleagues and private industry stakeholders to enhance security operations following the cyberattack on Colonial Pipeline.

July 28, 2021

How Drones Help Workers Inspect Wind Turbines

Nearthlab’s drones use artificial intelligence and laser technologies to help pinpoint potential damage and reduce the chance of accidents during human inspections of wind turbines.

July 28, 2021

US Senators Introduce Bill to Repeal Excise Tax on New Trucks

Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry.

July 26, 2021

CARB Approves Amendments to Onboard Diagnostic System Regulations

California Air Resources Board members have unanimously approved amendments to light-, medium- and heavy-truck onboard diagnostic system regulations that will require more data to be stored by the OBD systems, and address issues regarding several malfunction monitors.

July 26, 2021

XL Fleet, eNow Partner on Refrigerated Trailers

XL Fleet Corp. announced an agreement and an investment in eNow Inc., a provider of solar and battery power systems that enable fully electric transport refrigeration units for commercial vehicle trailers.

July 23, 2021

Daimler Posts Q2 Earnings, Revenue Surge Despite Headwinds

Daimler AG reported higher earnings and revenue as it sold 736,385 passenger cars and commercial vehicles in the second quarter, up 36% compared with 541,833 a year earlier. Truck sales alone jumped by an even higher percentage.

July 23, 2021