(Andrey Rudakov/Bloomberg News) LONDON — Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged. The British energy company said its adjusted earnings followed lower oil and ...more

Kubota tractors are stored in Uniontown, Pa. (Gene J. Puskar/AP) WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight against inflation. The July 27 estimate from the Commerce Department ...more

The route is the result of a partnership between ODOT, DriveOhio, the Indiana Department of Transportation and the Transportation Research Center Inc. (cosmonaut/Getty Images) Ohio and Indiana have agreed to test partially automated trucks on a 166-mile stretch of Interstate 70 between Columbus, Ohio, and Indianapolis beginning as early as October. The Ohio Department of ...more

Lordstown Motors' Endurance electric pickup truck. (Bloomberg News) A Delaware bankruptcy judge said she’s worried Lordstown Motors Corp. was attempting to sell itself in Chapter 11 before a rival electric vehicle maker can take it to trial over allegations Lordstown stole designs and technology to develop its flagship vehicle, the Endurance electric truck. Judge Mary ...more

Members of the Clean Freight Coalition pressed for funding specific for the trucking industry as part of transportation electrification efforts. (SunJae Smith/American Trucking Associations) WASHINGTON — A coalition of freight stakeholders called for greater emphasis on the heavy-duty sector as federal lawmakers and regulators continue to prioritize electric vehicles nationwide. During its initial formal meetings ...more

Mikhail Makarov/Getty Images Legislation meant to promote highway safety by setting federal standards that further determine a carrier’s competence was recently introduced in the U.S. Senate. Republican Sens. Deb Fischer of Nebraska and Mike Crapo of Idaho, sponsors of the Motor Carrier Safety Selection Standard Act, say their effort would require the U.S. Department of ...more

(Ryder System Inc.) Ryder System Inc. posted an $18 million loss in the second quarter of 2023, compared with a profit of $239 million in the year-ago period, due to weaker market conditions and a $183 million one-time charge on its exit from the United Kingdom, the company said July 26. Miami-based Ryder’s Q2 loss ...more

JetWind energy pods power turbines that are housed in a 6-foot-tall box. (Love Field) The thrust of airplane jet engines is now powering Teslas and other electric vehicles at Dallas Love Field. The North Texas airport is testing JetWind Power Corp. “energy pods,” which use the wind generated by jet engines to spin turbines and ...more

Landstar second-quarter revenue declined to $1.37 billion from $1.98 billion year-over-year but beat Wall Street expectations of $1.34 billion. (Landstar System Inc.) Landstar System Inc. posted a year-over-year decline in revenue and earnings during the second quarter of 2023, the company reported July 26. The Jacksonville, Fla.-based company posted net income of $66.6 million, or ...more

Multiple cars collided with logs in Virginia on Wednesday after a semi truck overturned. The accident happened at 3:45 p.m. on July 26th near Route 33 and Route 17 in Gloucester, Virginia. According to Fox 5 DC, the log truck was traveling on Route 17 and attempted to turn onto Route 33 when overturned, spilling the load ...more