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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, 2022

FMCSA 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, 2022

TA 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, 2022

Alabama Trucking Legend Buddy Moore Dies at 88

Former Alabama Trucking Association chairman and state industry leader E.H. “Buddy” Moore Jr. died July 25.

August 3, 2022

OPEC+ 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’s war in Ukraine.

August 3, 2022

Dana 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, 2022

Automakers Blitz Congress to Fix an EV Tax Credit They Can’t Use

Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats’ proposed new spending bill over concern that they stand to lose out from strict new limits on electric vehicle credits.

August 3, 2022

Eaton 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, 2022

GXO 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, 2022

Nikola Overcomes Founder’s Opposition to Approve New Shares

Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.

August 3, 2022