Electric School Bus Maker Lion Faces Likely Liquidation
Lion electric school buses at the Lion Electric plant in Channahon, Illinois. (E. Jason Wambsgans/Chicago Tribune/TNS) Lion Electric opened its sprawling 900,000-square-foot plant near Joliet, Ill., in 2023, touting the potential for 1,400 new jobs. The Quebec-based electric school bus maker found eager customers in Illinois school districts, which wanted ...more
A motorist is facing charges after a road rage incident involving a semi truck driver escalated to involve weapons. The ...more
US Shale Output Has Peaked as Prices Fall, Diamondback Says
A Diamondback Energy oil rig in Midland, Texas. (Callaghan O'Hare/Bloomberg) Diamondback Energy Inc., the largest independent oil producer in the ...more
Diesel Price Dips 1.7¢ to $3.497 a Gallon
Diesel’s price has dropped 14.2 cents over four straight decreases. (vitpho/Getty Images) The national average diesel price ticked down 1.7 ...more
GM Names Duncan Aldred New North America Leader
Duncan Aldred. (General Motors) General Motors Co. on May 5 named Duncan Aldred the new president of the automaker’s North ...more
ADM Profit Shrinks to Lowest Since 2020
(Daniel Acker/Bloomberg News) Archer-Daniels-Midland Co.’s earnings shrunk to the lowest level since the pandemic as a difficult crop trading market ...more
Continental Earnings Hit Four-Year High on Cost Cuts
Stronger tire replacement demand across all regions helped offset lower car production in Europe and North America. (Continental AG) Continental ...more
Tariffs Force Rivian to Lower Annual Delivery Outlook
Reducing its sales outlook shows how Trump’s tariff policies and related economic worries risk worsening ...more
Labor Department Reviewing Independent Contractor Rule
Until resolution of court challenges, Wage and Hour field operators will use the guidelines contained ...more
C.H. Robinson’s Earnings Surge 46% Despite Lower Revenue
C.H. Robinson reported earnings of $135.3 million for the first quarter compared with $92.9 million ...more
Weak US On-Highway Truck Demand Drags on Q1 Cummins Revenue
A Cummins diesel engine at the Cummins plant in Seymour, Ind. (Luke Sharrett/Bloomberg) Equipment manufacturer ...more
Lawmakers Scrap Tire Emissions Limits in Deregulation Push
The vote passed in the House on March 5 and the Senate on May 6. ...more
Data Center Demand Propels Eaton Q1 Profit, Revenue Growth
Eaton Center office in Beachwood, Ohio. (Eaton Corp.) Data center and electricity generation construction continued ...more
Trump Downplays Talks, Says US Will Dictate Tariff Terms
“It’s going to be a very fair number, it’ll be a low number. We’re not ...more
Vocational Demand, Price Hikes Boost Allison Q1 Profit
Newly manufactured Allison transmissions. The company's Q1 net income rose 13.6% to $192 million. (Allison ...more
FedEx Lowers Guidance, Citing ‘Very Challenging’ Market
Subramaniam is working to transform the company by combining its Express unit that ships parcels ...more
The Oklahoma Highway Patrol (OHP) recently ticketed a pickup truck driver who tried an unusual ...more
Court Preserves Detroit Transmission Housing Supply Line
A worker on the assembly line at the Detroit Diesel Corp. plant in Redford, Mich. ...more
Dole Says Port Fees on Chinese Ships Would Hike Banana Prices
Dole bananas at an H Mart grocery store in Fairfax, Va. (Al Drago/Bloomberg News) A ...more
Police in Colorado Springs responded to an incident involving a semi truck and a large ...more
Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy
(Damian Lemanski/Bloomberg News) Bankrupt battery maker Northvolt AB will continue to operate in Sweden with ...more
The Polk County Sheriff’s Office (PCSO) released dash cam video from a work truck involved ...more
Lawmakers proposed to increase mandatory insurance for trucks to $2 million
Lawmakers supporting the U.S. House of Representatives’ version of the surface transportation reauthorization bill have ...more