McReynolds and Runser. (ArcBest) Judy McReynolds will retire as ArcBest CEO on Dec. 31, the company said July 17. Seth Runser, currently company president, will succeed McReynolds. Fort Smith, Ark.-based ArcBest ranks No. 13 on the Transport Topics Top 100 list of the largest for-hire carriers in North America and No. 8 among less-than-truckload carriers. ...more
(Ted Shaffrey/AP/File) PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales. Sales of Frito-Lay and other snacks fell 1% in North America during the April-June period, PepsiCo said July 17, while beverage sales slid 2% in the region. Years of double-digit price increases from PepsiCo and changing consumer preferences ...more
“We will continue to move quickly to get money out the door to get dirt moving,” Duffy said. (photovs/Getty Images) Truck parking and multimodal projects ranked among 30 infrastructure grants totaling $488 million awarded July 15 by Transportation Secretary Sean Duffy to improve travel safety and bolster the economy. “From making families safer on our ...more
Uber announced it will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. (Lucid Motors) Uber Technologies Inc. is teaming up with electric vehicle maker Lucid Group Inc. and self-driving tech startup Nuro to launch a robotaxi fleet. Uber announced July 17 it will purchase and operate Lucid Gravity ...more
Volvo Trucks North America sales dived 43% year over year to 4,988 trucks from 8,779 in Q2 2024. But sales at Mack rose 6% to 7,940 trucks from 7,475. (Eric Thayer/Bloomberg) Volvo Group profit and revenue sagged in the second quarter of 2025, largely as a result of weak demand for trucks in North America ...more
(Eric Thayer/Bloomberg) Volvo AB reported better-than expected second-quarter earnings as signs of a recovery in Europe helped offset weak demand for trucks in North America. Adjusted operating income fell to 13.5 billion kronor ($1.38 billion) in the quarter, from 19.4 billion kronor a year earlier. Analysts were expecting 13.2 billion kronor on average. Truck manufacturers ...more
A Walmart store in American Canyon, Calif. The staffing cuts represent a continued effort by Walmart to make its large workforce more efficient. (David Paul Morris/Bloomberg) Walmart Inc. is cutting hundreds of store-support roles, its latest move to simplify the structure of the world’s largest retailer. The company is eliminating the market coordinator job that ...more
A Tesla Model S. George McGee was driving a Model S but not paying attention when it struck and killed Naibel Benavides Leon and seriously injured Dillon Angulo in 2019 in Key Largo, Fla. (Angel Navarrete/Bloomberg) Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a ...more
Norfolk Southern (left) and Union Pacific freight locomotives in Kentucky. Any large merger would be heavily scrutinized by regulators, but the environment is likely more amenable to consolidation under President Donald Trump. (Luke Sharrett/Bloomberg) Union Pacific Corp. is exploring an acquisition of Norfolk Southern Corp., setting up what could rank as the largest railroad deal ...more
Tesla logo at a dealership in Germany. (Andreas Arnold/dpa/TNS) Tesla Inc. settled a high-profile lawsuit over a driver’s death in 2019 when the Autopilot system in his Model 3 allegedly failed to avoid a collision with a tractor-trailer crossing a Florida highway. The confidential settlement, disclosed in a July 7 court filing, came just before ...more
