United reported total Q2 revenue of $3.554 billion. (United Rentals Inc. via YouTube) United Rentals Inc. reported net income of $591 million in the second quarter of 2023, an increase of 19.9% from $493 million in the year-ago period, the company said. Already among the largest equipment rental companies in the U.S., United said Q2 ...more
Exxon's net income dropped to $7.9 billion, less than half the level of a year earlier. (Andrew Harrer/Bloomberg) Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit — the longest decline since the 2014-2016 oil market crash — amid weaker natural gas prices and shrinking returns from fuel sales. ...more
Ford raised its guidance for full-year pretax profits. (Patrick T. Fallon/Bloomberg News) DETROIT — Ford Motor Co.’s second-quarter profit more than tripled to $1.92 billion versus a year ago on strong internal combustion and commercial vehicle sales, but losses grew along with growing pains in the electric vehicle business. Pretax losses at Model e, the ...more
A worker at Allison Transmission. The company posted record second-quarter sales of $783 million, an 18% increase from $664 million in the same period in 2022. (Allison Transmission) Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a ...more
Yellow Logistics is a nonunion, independent subsidiary of Yellow that is formerly known as HNRY Logistics, which launched in 2018. (Yellow Corp.) Yellow Corp. says it is shopping its third-party logistics broker, Yellow Logistics, to raise cash as the less-than-truckload company attempts to remain in business. “Yellow Logistics is one of the fastest-growing 3PLs in ...more
Traffic on a Los Angeles freeway. (Damian Dovarganes/Associated Press) DETROIT — The U.S. government wants to raise the fuel economy of new vehicles 18% by the 2032 model year so that all new vehicles would average about 43.5 miles per gallon in real-world driving. The proposed numbers were released July 28 by the National Highway ...more
Ashley Milacek, 35, says her new job driving 18-wheelers will almost double her Walmart Supercenter salary. (Walmart) In the midst of a truck driver shortage last year, Walmart decided its own ranks of 1.6 million employees might want to learn how to drive a big rig for Walmart. Walmart dangled first-year truck driver salaries of ...more
Connecticut grand champion Anthony Spero of ABF Freight (left) shares a smile with Motor Transport Association of Connecticut President John Blair, who also was a tournament coordinator. (Eugene Mulero/Transport Topics) WINDSOR LOCKS, Conn. — On a crisp, sunny day in north central Connecticut, a veteran truck driver once again mastered a precision driving course. As ...more
Carrier said its refrigeration division’s Q2 sales fell 6% to $972 million from $1.041 billion in the year-ago period. (Carrier) Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period, on the back of a charge related to the sale of fire suppression and detection unit ...more
