Rivian Reports Better-Than-Expected Loss, Affirms EV Plans

By |2023-05-11T12:22:08-05:00May 10th, 2023 at 10:26 AM|Trucking News|

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

GXO Reports Record Revenue of $2.3 Billion for Q1

By |2023-05-11T12:22:17-05:00May 10th, 2023 at 9:23 AM|Trucking News|

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

By |2023-05-12T09:00:57-05:00May 10th, 2023 at 4:57 AM|Trucking News|

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

By |2023-05-11T12:21:45-05:00May 10th, 2023 at 4:20 AM|Trucking News|

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

By |2023-05-11T12:21:49-05:00May 10th, 2023 at 2:28 AM|Trucking News|

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

Michigan troopers say car cut off truck hauling steel coils, causing trailer to detach and hit bridge

By |2023-05-25T11:30:33-05:00May 10th, 2023 at 12:00 AM|Trucking News|

Michigan State Police (MSP) are investigating a two-vehicle collision that occurred on Wednesday morning in Ann Arbor. The crash occurred during the morning rush hour on May 10 on I-94 westbound at Wagner Road.MSP says that the initial investigation shows that a car cut off a truck hauling a load of steel coils. The truck ...more

VIDEO: People dance on top of semi truck amid wild celebration in Shreveport

By |2023-05-25T11:30:38-05:00May 10th, 2023 at 12:00 AM|Trucking News|

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”

By |2023-05-25T11:30:41-05:00May 10th, 2023 at 12:00 AM|Trucking News|

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

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