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BusinessTechnologyEquipment

VTNA: US Class 8 Retail Sales Running Below Expectations

DUBLIN, Va. — U.S. Class 8 retail truck sales paced a bit below expectations through May and are now expected to total 260,000 to 270,000 in 2024, according to VTNA executive Magnus Koeck.

June 26, 2024
BusinessFuel

Circle K Owner Names New CEO as Fuel Sales Drag on Earnings

Alimentation Couche-Tard Inc., Canada’s most valuable retailer, tapped Chief Operating Officer Alex Miller to take over as CEO as the company explores more merger and acquisition deals.

June 26, 2024
BusinessFuel

Shale Executives See Takeovers Squeezing US Oil Production

U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

June 26, 2024
GovernmentBusinessSafety

Vinn White Named FMCSA’s New Acting Leader

Vinn White, who already leads the Department of Transportation’s artificial intelligence effort, has been named acting leader of the Federal Motor Carrier Safety Administration.

June 26, 2024
GovernmentBusinessSafetyLogistics

NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call

EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

June 26, 2024
GovernmentBusinessLogistics

Industries Fearing a Port Strike Urge Biden to Revive Talks

Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

June 26, 2024
BusinessLogisticsFor-Hire

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

June 26, 2024
BusinessTechnologyFuel

Rivian to Form EV Venture With $5 Billion From Volkswagen

Volkswagen will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive, throwing a lifeline to the startup and giving VW access to Rivian's technology.

June 25, 2024
BusinessTechnologySafetyAutonomous

GM Hires CEO Whitten for Troubled Cruise Robotaxi Service

General Motors on June 25 named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.

June 25, 2024
GovernmentBusinessEquipment

Federal Regulators Hear Complaints About Predatory Towing

Trucking companies and towing service operators each got to air their grievances before federal regulators during a June 21 session on predatory towing practices.

June 25, 2024