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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
GovernmentBusinessBreaking NewsFor-Hire

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
BusinessLogisticsFor-Hire

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
GovernmentBusinessTechnologyFuelTCA

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
BusinessLogistics

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
BusinessTechnologySafetyAutonomousTCA

Cruise Sponsorship Patch Now Part of Giants’ Jerseys

Cruise, which offers a driverless ride-hailing service in San Francisco, now has a patch with the company logo on the shoulder of San Francisco Giants players' jerseys.

August 4, 2023
BusinessTechnologyEquipment

Nikola Hires GM Veteran Steve Girsky as CEO

Nikola Corp. is tapping a former General Motors Co. vice chairman to serve as its CEO, replacing the current CEO after less than a year of running the electric truck maker.

August 4, 2023
GovernmentBusiness

Employers Add a Solid 187,000 Jobs in July

WASHINGTON — U.S. employers added 187,000 jobs in July, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5%.

August 4, 2023
BusinessPrivate

Amazon Profits, Revenue Surge in Q2

NEW YORK — Amazon on Aug. 3 posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.

August 3, 2023
GovernmentBusinessLogisticsFor-Hire

Yellow Closure Reshuffles LTL Sector

Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.

August 3, 2023