Transportation News
Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.
August 3, 2023Ohio Turnpike to Launch More Complex Toll Structure
The Ohio Turnpike is preparing to overhaul the way it calculates tolls starting this fall, which will help the turnpike’s finances but have varying effects on motorists’ wallets.
August 3, 2023Weaker Truck Sector Tire Demand Induces Q2 Loss at Goodyear
Weaker demand from the U.S. and European commercial truck sectors resulted in a second-quarter 2023 loss at Goodyear Tire & Rubber Co.
August 3, 2023House Committee Approves Internal Combustion Engines Bill
A panel in the House recently approved a bill that would block efforts meant to prevent the sale of internal combustion engines.
August 3, 2023GXO Beats Wall Street Predictions, Boosts Q2 Profit 27%
GXO Logistics, the contract logistics provider that was spun off two years ago from its parent company XPO, reported stronger-than-expected second-quarter results on Aug. 2.
August 3, 2023Saudi Arabia Extends Oil Production Cut Through September
DUBAI, United Arab Emirates — Saudi Arabia said Aug. 3 it will extend its production cut of 1 million barrels of oil a day through the end of September in its effort to boost energy prices.
August 3, 2023Meritor, Heavy-Duty Truck Engine Sales Boost Cummins Profits
Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.
August 3, 2023Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
August 3, 2023Global Ocean Shipping Costs Creep Higher
Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.
August 3, 2023BMW Boosts Electric Car Spending to Catch Up With Tesla
BMW AG is stepping up spending on its electric car rollout after the luxury carmaker’s battery-vehicle deliveries more than doubled during the first half of the year.
August 3, 2023