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Cargo Airline Western Global Goes Bankrupt

Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.

August 7, 2023

Nikola Q2 Loss Widens on Romeo, European Exits

Losses at Nikola Motor widened year-over-year in the second quarter of 2023 after the truck maker took a $77.8 million hit to its balance sheet.

August 7, 2023

Tyson Foods to Close Four Chicken Processing Plants

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.

August 7, 2023

Class 8 Truck Orders Jump 45% in July

North American Class 8 truck orders rose year-over-year for a third month in a row in July, according to ACT Research.

August 7, 2023

EPA’s Emissions Plan Runs Into Skepticism

DETROIT — The U.S. government’s most ambitious plan ever to slash planet-warming greenhouse gas emissions from passenger vehicles faces skepticism.

August 7, 2023

Daimler Truck CFO Jochen Goetz Dies at 52

Jochen Goetz, the chief financial officer of Daimler Truck who is credited with its successful spinoff from the automotive giant that makes the Mercedes-Benz, died Aug. 5 at the age of 52.

August 7, 2023

Yellow Files for Chapter 11 Bankruptcy

Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.

August 7, 2023

XPO Reports Q2 Income, Revenue Decline

XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.

August 4, 2023

One in Four New Cars Sold in California in Q2 Were EVs

For the first time in California, one out of every four new cars sold in the last quarter were zero-emission vehicles, Gov. Gavin Newsom announced this week.

August 4, 2023

Canada’s Titanium Transportation Buys Georgia’s Crane

Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.

August 4, 2023