GXO Reports Record Revenue of $2.3 Billion for Q1
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
High Consumer Prices, Inflation Pressures Persist in April
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
Renewable Diesel Output Rises as Alternatives Proliferate
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
GM’s Cruise to Expand Robotaxi Service to Dallas and Houston
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
VIDEO: People dance on top of semi truck amid wild celebration in Shreveport
Videos shared on social media show a semi truck caught up in a street party in Louisiana over the weekend. Local outlet KTBS reports that the videos were captured in downtown Shreveport near Travis Street as people apparently blocked the roadway and climbed on top of vehicles late Friday, May 5 into Saturday, May 6.Shreveport ...more
Motorist’s armed road rage turns deadly when “semi truck literally smacked his car”
One motorist is dead after an armed confrontation with another four wheeler sent him spinning in front of an oncoming semi truck. The road rage incident occurred in Anderson Township, Ohio at around 10 a.m. on May 9 on Interstate 275.WLWT News reports that motorist Trentyn Montgomery was traveling along eastbound I-275 when a man ...more
Two semi trucks hit in collision with train
Two semi trucks were involved in a collision with a train on Wednesday afternoon. The accident happened in Rosedale, Maryland at 2:19 p.m. near 68th Street and Lake Drive on May 10th. According to WBAL 11 News, the CSX freight train struck two tractor trailers, sending one of the truck drivers to the hospital. One truck ...more
Georgia police discover a slew of violations during nighttime house move
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
VIDEO: Peterbilt unveils ‘LEGENDARY’ Model 589
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