After 100 years in operation, bankruptcy looms for Yellow as customers flee, stock plunges: Reports

By |2023-08-10T19:32:02-05:00July 27th, 2023 at 12:00 AM|Trucking News|

The trucking industry is bracing for news from Yellow Corp. amid multiple reports that the company is preparing to file for bankruptcy.On July 27, the Wall Street Journal reported that Nashville, Tennessee-based Yellow is preparing to file for bankruptcy amid ongoing negotiations with the Teamsters and cash flow woes. The report also stated that Yellow ...more

Police say it’s ‘absolutely an offense’ to block runaway ramp in response to viral photo

By |2023-08-10T19:32:07-05:00July 27th, 2023 at 12:00 AM|Trucking News|

A head-scratching photo of a police cruiser blocking a runaway ramp has been shared thousands of times in trucking groups this week.The photo is believed to have been taken on Highway 1 in Kamloops, British Columbia, and initially shared online on July 20, 2023.In the photo, you can see an RCMP cruiser parked so that ...more

Several States Alter Fuel Tax Structures

By |2023-07-27T08:19:58-05:00July 26th, 2023 at 12:43 PM|Trucking News|

J.J. Gouin/Getty Images Higher gasoline and diesel taxes hit the pumps in several states starting July 1, while new laws also took effect to raise revenue from the sale of alternative fuels. On July 1, California’s Department of Tax and Fee Administration adjusted its Oil Spill and Prevention Administration fee to 9.1 cents per barrel ...more

Seven Automakers Unite to Build EV Charging Network

By |2023-07-27T08:20:03-05:00July 26th, 2023 at 11:21 AM|Trucking News|

The first of the chargers is expected to be ready in the summer of 2024. (Jae C. Hong/Associated Press) DETROIT — Seven major automakers say they’re joining forces to build a North American electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in the U.S. and Canada. General ...more

Stellantis Profits Soar 37% in First Half of Year

By |2023-07-26T16:20:35-05:00July 26th, 2023 at 9:11 AM|Trucking News|

A Dodge Durango. North America accounted for 57% of adjusted operating income and nearly half of company revenue, boosted by higher sales of Chrysler Pacifica, Dodge Charger and Durango. (Dodge) MILAN — U.S.-European carmaker Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North ...more

Congress Urged to Regulate Self-Driving Vehicles

By |2023-07-27T12:19:54-05:00July 26th, 2023 at 6:05 AM|Trucking News|

John Bozzella, president for the Alliance for Automotive Innovation, testifies July 26. (House Committee on Energy and Commerce/YouTube) WASHINGTON — Advocates for the self-driving vehicle industry on July 26 warned that years of regulatory inaction is putting American manufacturers at a competitive disadvantage and urged Congress to expand its ability to test and eventually sell ...more

Yellow Says Discussions With Teamsters Ongoing

By |2023-07-27T12:19:58-05:00July 26th, 2023 at 5:20 AM|Trucking News|

“As previously stated, and in keeping with fiduciary responsibility of the company’s executives, the company continues to prepare for a range of contingencies,” Yellow said in a statement regarding its future. (Yellow Corp.) Less-than-truckload carrier Yellow Corp. said it continues to negotiate with union leaders as the future of the company, which has been in ...more

Waymo Via to Focus on Ride-Hailing Over Autonomous Trucking

By |2023-07-27T12:20:03-05:00July 26th, 2023 at 5:07 AM|Trucking News|

Waymo's parent company, Alphabet, is prioritizing financial discipline. (Mark Kauzlarich/Bloomberg News) Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that’s being done by its Via subsidiary. “With our decision to focus on ride-hailing, we’ll push back the timeline on our commercial and operational efforts on trucking, as well ...more

Traton’s Profit Jumps in Second Quarter

By |2023-07-27T09:00:54-05:00July 26th, 2023 at 4:49 AM|Trucking News|

Navistar, which operates the International Trucks brand, reported an adjusted operating profit of $190.4 million, more than double the 2022 period’s $89.7 million. (Traton Group) Traton SE’s profits soared in the second quarter of 2023 as sales jumped compared with the year-ago period, the parent company of Navistar said July 26. The company’s adjusted operating ...more

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