For the quarter ended July 30, Deere’s reported adjusted earnings per share of $10.20 beat estimates of $8.19. (Deere & Co.) Deere & Co. lifted its financial outlook for the year as machinery demand from farmers remained robust despite slumping crop prices. The world’s top agricultural equipment producer expects net income for fiscal 2023 between ...more
Georgia motor fuel tax collections in July reached $179.5 million, making up 62% of total taxes collected that month. (Willard/Getty Images) Georgia’s reinstatement this year of motor fuel taxes helped the state collect 13.1% more revenue to reach nearly $2.5 billion in July compared with the previous year. Gov. Brian Kemp’s office announced Aug. 10 ...more
Amazon Shipping operates only for domestic shipments. (Stephanie Keith/Bloomberg) Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic and that competes with carriers such as FedEx and UPS. Amazon Shipping, which allows sellers to ship Amazon orders or products sold on other sites, has relaunched, the company confirmed ...more
A driverless shuttle stops for a passenger on San Francisco's Treasure Island. (Terry Chea/Associated Press) SAN FRANCISCO — First came the robotaxis. Then the driverless buses arrived. San Francisco has launched an autonomous shuttle service less than a week after California regulators approved the expansion of robotaxis despite traffic and safety concerns. The free shuttle ...more
The family of Anthony Spero (center), consisting of wife Dee Dee (right of Spero), two sons, two daughters-in-law and three grandchildren, was on hand for the trucking veteran's farewell to NTDC. (John Sommers II for Transport Topics) COLUMBUS, Ohio — For his final appearance as a competitor at the “Super Bowl of Safety,” Anthony “Tony” ...more
In ELFA's August confidence index, 89.3% of respondents believe business conditions will remain the same over the next four months. (shutterstock) Confidence in the prospects for the equipment finance market rose in August, with far fewer business leaders expecting weaker conditions, according to the Equipment Leasing & Finance Foundation. The Washington, D.C.-based foundation’s August 2023 ...more
A Cruise robotaxi had a green light and was passing through an intersection when it was hit by was hit by a San Francisco firetruck. (abc7news.com) A Cruise robotaxi collided with a firetruck late Aug. 17 in San Francisco, injuring the vehicle’s passenger. The autonomous driving company, a subsidiary of General Motors Co., reported the ...more
The new Alaskan route includes ports along the coast and rivers in southwestern and northern Alaska from the Aleutian Islands (shown) to the Canadian border. (mjunsworth/Getty Images) Two new marine highway systems have added 250 miles to the Ohio River system and 6,500 miles of Alaskan waterways to the national transportation system to improve freight ...more
Dick Gillespie enjoys another year at NTDC. (Dan Ronan/Transport Topics) COLUMBUS, Ohio — Veteran truck driver and two-time grand champion Dick Gillespie says he never tires of coming to trucking events such as the National Truck Driving Championships and National Step Van Championships. After all, at a still-spry 80 and working part time as a ...more
Up to 20,000 semi-trucks travel on the I-4 corridor between Daytona Beach and Tampa daily, according to Florida DOT. (ablokhin/Getty Images) The Florida Department of Transportation plans to start construction on a new truck rest area with 132 spaces near Interstate 4 in Sanford just south of the Volusia County line. But that won’t happen ...more
