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Oil Producers Flush With Cash Cut Reliance on Funding Markets

Last year, the demand for loans from fossil fuel companies fell 6% year-on-year and that followed a decline of 1% in 2022.

Tim Quinson | Bloomberg News
April 29, 2024

FMCSA Researchers Outline Safety Studies, Data Collection

Plans for significant rulemaking proposals, future technology research and crash data collections were among topics of discussion at FMCSA's Analysis, Research and Technology Forum.

Eric Miller | Senior Reporter
April 29, 2024

Supreme Court Rejects Musk Appeal Over Tesla Tweets

WASHINGTON — The Supreme Court rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla.

April 29, 2024

Two Texas Colleges Win Grants to Train 660 CDL Students

Texas has awarded a total of $617,490 to two Texas colleges to train some 660 students to become heavy and tractor-trailer truck drivers.

Noël Fletcher | Staff Reporter
April 29, 2024

Cleveland-Cliffs Backs Ancora in Norfolk Southern Fight

Cleveland-Cliffs Inc., a major customer of Norfolk Southern Corp., has backed activist investor Ancora Holdings Group in its effort to overhaul the board of the railway company.

Crystal Tse | Bloomberg News
April 29, 2024

NHTSA Investigates Ford Crashes Involving Blue Cruise

DETROIT — Two fatal crashes involving Ford’s Blue Cruise partially automated driving system have drawn the attention of U.S. auto safety regulators.

April 29, 2024

DTNA, UAW Ink Tentative Labor Deal for Freightliner Plants

Daimler Truck North America inked a tentative four-year labor agreement with the UAW on April 26, hours before the prior deal at Freightliner manufacturing sites in the U.S. was set to expire.

Keiron Greenhalgh | Staff Reporter
April 27, 2024

Labor Deal Signing Bonuses Dampen Record Allison Sales

Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.

Keiron Greenhalgh | Staff Reporter
April 26, 2024

TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market

Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.

Keiron Greenhalgh | Staff Reporter
April 26, 2024