Rivian R1T electric pickup trucks on the assembly line at the company's manufacturing facility in Normal, Ill. (Jamie Kelter Davis/Bloomberg News) Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric vehicle maker. Shares climbed as much as 7.1% in ...more
The first quarter showed increased outsourcing and automation, according to CEO Malcom Wilson. (GXO Logistics) GXO Logistics reported its highest-ever first-quarter revenue when its earnings report was released May 9. The Greenwich, Conn.-based contract logistics company posted net income of $26 million, or 21 cents a diluted share, for the three months ending March 31. ...more
A cart holding groceries is pushed through a supermarket in Bellflower, Calif. (Allison Dinner/Associated Press) WASHINGTON — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy. Prices increased 0.4% from March to April, ...more
Marathon Petroleum's refinery in Martinez, Calif., started producing renewable diesel last year. (Marathon Petroleum Corp.) U.S. renewable diesel production took a number of steps forward over the past couple of weeks as two more facilities came online and another ramped up, with refiners seeking to meet the burgeoning competition for trucking’s alternative fuel dollars. Alternatives ...more
A Cruise vehicle in San Francisco. (David Paul Morris/Bloomberg News) Cruise, the self-driving vehicle unit majority owned by General Motors Co., plans to expand its robotaxi service to Houston and Dallas. The company will start in Houston in the next few days, followed by Dallas shortly after, Chief Executive Officer Kyle Vogt said May 10 ...more
This week, a North Carolina man was sentenced to prison on a fraud charge after asking the government for COVID-19 related business relief funding on behalf of a trucking company that did not exist. On May 10, Joseph Alexander Casillas was sentenced to six months in prison to be followed by three years of supervised ...more
An Oklahoma Highway Patrol (OHP) trooper stopped a truck after a load of pallets shifted, causing a potentially dangerous situation. On Tuesday, May 9, OHP Captain Brian Orr pulled over a truck in Lincoln County.The truck’s load of pallets “shifted dangerously to the side,” OHP said. OHP did not cite the truck driver but instead ...more
On Tuesday, Peterbilt Motors Co. showed off the new Model 589 to a crowd in Texas. Peterbilt held the unveiling event for the new 589 at the Texas Motor Speedway located in Fort Worth. The event included a concert, the Pride & Class Truck Show, and manufacturing facility tours.See the moment of the unveiling in the ...more
Police officers in Georgia uncovered multiple worrisome violations after catching a truck moving a house after dark. In a Wednesday social media post, the Georgia Department of Public Safety (DPS) detailed a law enforcement assist that occurred after an oversized load struck power lines on Monday.From Georgia DPS: “Okay… hang on for this one. MCO1 Holderfield ...more
