Tyson has been trying to cut costs over the past several months. (John Sommers II for Transport Topics) Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Aug. 7 that the plants being closed are located in North Little Rock, Ark.; Corydon, Ind. Dexter, Mo., and ...more
A Volvo truck in production at the New River Valley plant in Virginia. Order are till "on a low level, which doesn’t match the replacement demand that’s out there,” company executive Magnus Koeck says. (Volvo Group) North American Class 8 truck orders rose year-over-year for a third month in a row in July, according to ...more
Studies by the Massachusetts Institute of Technology show that shifting to electric vehicles delivers a 30% to 50% reduction in greenhouse gas emissions over combustion vehicles. (3alexd/Getty Images) DETROIT — The U.S. government’s most ambitious plan ever to slash planet-warming greenhouse gas emissions from passenger vehicles faces skepticism both about how realistic it is and ...more
Goetz speaking last month at Daimler's Capital Market Day 2023 in Boston. (Joe Howard/Transport Topics) Daimler Truck AG announced Aug. 6 that Chief Financial Officer Jochen Goetz has died. Goetz, a 36-year veteran of the company, died “suddenly and unexpectedly” on Aug. 5 as a result of a “tragic accident,” the company said. Goetz was ...more
Yellow Corp. trucks navigate the YRC Freight terminal July 28 in Kansas City, Mo. (Charlie Riedel/Associated Press) Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing for the nearly 100-year-old company to wind down operations. The company submitted the filing in ...more
A truck takes on fuel in Missouri. The average cost of a gallon of diesel rose 9 cents in the Midwest this past week, 2.2 cents less than the national average. (Bim/Getty Images) The national average diesel price rose for the third straight week, climbing 11.2 cents to settle at $4.239, according to Energy Information ...more
Kentucky Gov. Andy Beshear (fifth from left) joined state officials in breaking ground on a $30 million highway expansion project for the Owensboro Riverport Authority. (Owensboro Riverport Authority via Facebook) Kentucky Gov. Andy Beshear joined state officials in breaking ground on a $30 million highway expansion project for the Owensboro Riverport Authority, the state’s largest ...more
Flanked by two state troopers, Michael Bills of FedEx Express displays his hardware for winning the straight truck class and grand champion title at the North Carolina Truck Driving Championships in June. (North Carolina Trucking Association) In the summer of 2017, the national truck driving community celebrated Michael Bills’ triumph in the step van category. ...more
(David Paul Morris/Bloomberg News) Tesla Inc. Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric vehicle maker, a surprise shake-up that raises new questions about succession in the top ranks of Elon Musk’s company. Kirkhorn, one of just four executive officers and a prominent voice for the company with shareholders, resigned ...more
