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BusinessTechnology

Ford to Halt F-150 Lightning Production as EV Demand Wanes

Ford plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck through the end of the year as demand for EVs continues to wane.

October 31, 2024
GovernmentBusinessTechnologySafety

FHWA Awards $96M to 16 States for High-Tech Safety Projects

For truckers, Maine was awarded $5.2 million to offset a $6.5 million project to develop real-time hazard alerts about congestion, bad weather and height restrictions on low bridges.

October 31, 2024
GovernmentBusinessTechnology

New York Semiconductor Site Selected for $825M in Funding

ALBANY, N.Y. — A semiconductor research facility in upstate New York was selected as one of three national technology centers and will receive up to $825 million in funding.

October 31, 2024
BusinessTechnologyAutonomous

Toyota, NTT to Invest $3.3 Billion in AI, Autonomous Driving

Toyota Motor Corp. and Nippon Telegraph & Telephone Corp. have agreed to invest billions to develop autonomous driving software assisted by artificial intelligence.

October 31, 2024
BusinessTechnologyLogistics

Uber Shares Slump on Muted Bookings in US Rides Business

Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit. 

October 31, 2024
BusinessTechnologyAutonomous

Aurora Delays Hauling Freight Without Drivers Until April

PITTSBURGH — Autonomous truck company Aurora Innovation says it won’t start hauling freight without humans on board until April of next year, a delay from the end of 2024.

October 31, 2024
BusinessLogisticsFor-HireTop 100

Werner Revenue and Profit Decline on Q3 Market Struggles

The Omaha, Neb.-based carrier’s Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.

October 30, 2024
BusinessLogisticsFor-HireTop 100

XPO Net Income Climbs 10% on Strong LTL Pricing in Q3

XPO’s North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.

October 30, 2024
BusinessPrivateTop 100

PepsiCo to Close Four US Bottling Plants, Cut 400 Jobs

The news follows PepsiCo's confirmation of the Chicago plant's full closure earlier in the week. Sales, delivery and warehouse functions will continue at the other three locations.

October 30, 2024
GovernmentTechnologySafetyLogistics

CISA Issues Global Cyber Plan to Protect US Infrastructure

CISA released an international plan outlining steps to work more with overseas stakeholders to better safeguard online interconnections with the U.S. supply chain.

October 30, 2024