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BusinessTechnologyEquipment

Eaton Q3 Profit Jumps, Beats Analyst Expectations

Profits at Eaton Corp. jumped year-over-year in the third quarter, but executives are not optimistic about commercial vehicle prospects in 2024.

November 1, 2023
BusinessLogisticsFor-Hire

Forward Air Reports 82% Earnings Drop During Q3

Forward Air Corp. reported an 82.2% drop in earnings during the third quarter of 2023 as revenue declined amid a weak freight environment, the company reported Oct 30.

November 1, 2023
GovernmentBusinessSafety

FMCSA Grant Helps West Virginia Report CMV Crashes

West Virginia will use an FMCSA grant for $140,729 to provide more accurate and timely data to state law enforcement about commercial motor vehicle safety accidents.

November 1, 2023
BusinessEquipment

Yokohama Executives Say Fleets Still Adjusting Post-Pandemic

WEST POINT, Miss. — Executives from Yokohama Tire Corp. said their motor carrier customers have adjusted well to the post-COVID economy, but it's not business as usual.

November 1, 2023
BusinessEquipmentFuel

Freightliner eM2 Serial Production Begins at Portland Plant

Serial production of Freightliner’s eM2 medium-duty battery-electric truck began at Daimler Truck North America’s Portland, Ore., manufacturing plant in recent days, DTNA said Oct. 26.

November 1, 2023
GovernmentBusinessFuel

Schumer Wants FTC to Examine Exxon, Chevron Acquisitions

Senate Majority Leader Chuck Schumer is urging the Federal Trade Commission to look into whether Exxon Mobil and Chevron’s proposed oil and gas acquisitions could violate antitrust laws.

November 1, 2023
BusinessTechnologyEquipment

Tevva, ElectricaMeccanica End Partnership

Plans to build a hybrid electric and hydrogen-powered Class 8 truck floundered in recent days as startup merger partners Tevva Motors Ltd. and ElectraMeccanica Vehicles Corp. parted ways.

November 1, 2023
GovernmentBusinessSafety

USDOT Grants $82.6 Million for Road Safety in 46 States

The U.S. Department of Transportation announced it awarded $82.6 million in road safety planning grants to 46 states, including projects involving truck freight.

November 1, 2023
BusinessTechnologyEquipment

Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales

TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.

November 1, 2023
GovernmentBusinessTechnology

Business Group Estimates 403,000 Clean-Energy Jobs From IRA

A nonpartisan group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect.

November 1, 2023