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BusinessEquipment

Allison Q2 Profit Jumps on Strength of On-Highway Sales

Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a year earlier, the company said.

July 28, 2023
BusinessLogisticsFor-Hire

Yellow Puts Logistics Division Up for Sale

Yellow Corp. says it is shopping its third-party logistics broker, Yellow Logistics, to raise cash as the less-than-truckload company attempts to remain in business.

July 28, 2023
BusinessTechnologyAutonomous

Backup Driver in Autonomous Uber Death Pleads Guilty

PHOENIX — The backup Uber driver for a self-driving vehicle that killed a pedestrian in suburban Phoenix in 2018 pleaded guilty July 28 to endangerment.

July 28, 2023
GovernmentBusinessFuel

US Targets 43.5 MPG for New Vehicles by 2032

DETROIT — The U.S. government wants to raise the fuel economy of new vehicles 18% by the 2032 model year so that all new vehicles would average about 43.5 miles per gallon in real-world driving.

July 28, 2023
BusinessEquipmentSafety

Spero, Colantuone, Hicks Take It to the Next Level

WINDSOR LOCKS, Conn. — Anthony Spero, William Colantuone and Joe Hicks claimed titles at the New England Tri-State Truck Driving Championships to punch their tickets for nationals.

July 28, 2023
BusinessTechnologyEquipment

Carrier Global Q2 Profits Pegged Back by Sale Charge

Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period.

July 28, 2023
BusinessTechnologyEquipment

Carrier Transicold Adds Two Trailer Refrigeration Models

Carrier Transicold is rolling out two additional models in its Vector trailer refrigeration product line, the company said.  

July 28, 2023
GovernmentBusinessLogistics

New Iowa Truck Road Unveiled at Missouri River Barge

A road partially funded by a $1 million U.S. government grant is enabling farmers to move freight from Interstate 29 directly to Iowa’s Port of Blencoe barge terminal on the Missouri River.

July 28, 2023
BusinessEquipmentPrivate

United Rentals Profit Rises on Ahern Deal, Demand Tailwind

United Rentals Inc. reported net income of $591 million in the second quarter of 2023, an increase of 19.9% from $493 million in the year-ago period, the company said.

July 28, 2023
BusinessFuel

Exxon Profit Misses Estimates as Natural Gas, Refining Slip

Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.

July 28, 2023